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Question - Berlia Ltd. purchased a second hand machine for 56,000 on October 01, 2018 and spent 24,000 on its repair and installation and 5,000 for its carriage. Depreciation is provided on machinery @ 10% p.a on Diminishing Balance Method on March 31 every year. Prepare machinery account and depreciation account from year ended 31st March 2019 and 31st March 2020.
Linda Candle Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 50 percent of sales. Product purchases and payments are to be made during the month preceding the month of sale.
What investment accounting method does hiram use to account for its investment in terrier. How do you know
the charges to work in process-baking department for a period as well as information concerning production are as
Prepare the adjusting entry that records bad debts expense. Prepare the journal entry that records a write-off of a $700 uncollectible account receivable.
You expect the project to return $500,000 to you in seven years. Given the risk of this project, your cost of capital is 20%. The NPV for the project is closest
Prepare the appropriate entries for the declaration and distribution of the stock dividend.
The risky portfolio A consists of 1000 shares of BIT PLC and 4000 shares of DIMO PLC. Graph the Capital Allocation Line derived
On December 30, the company issued 6,500 shares for $18.50 per share. Determine the average per share amount on April 7 and November 22
$10,000,000 face value, serial bonds repayable in 40 equal semi-annual installments of $500,000, which includes coupon payments and repayment of principal, for 20 years, priced on the market to yield 6% compounded semi-annually. Round your answer ..
Identify the pros and cons of harmonizing accounting standards in the form of International Financial Reporting Standards (henceforth IFRS)
A General Manger of Harley-Davidson must decide on the size of a new facility. The GM has narrowed the choices to two: large facility or small facility.
At the time of asset reclassification on December 1, 2018. The fair value is estimated at Rp 81,000,000 and the cost to sell is Rp 4,000,000.
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