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Question - Yae Publishing House had a net sales of P57,000.00 for the current month. The operating expenses for the current month amounting to P9,000.00 is divided between Salary Expense, Delivery Expense and Utilities Expense in a 2:3:1 ratio respectively. Their gross margin is 40%, and the paid interest on a bank loan amounting to P2,450.00. Prepare the income statement for the current month of Yae Publishing House.
ohave inc. purchased land building and equipment from laguna corporation for a cash payment of 374850. the estimated
the standard cost of product X includes 2 units of direct materials @ $6/unit. During october, the company bough 29,000 units of materials @ $6.20/unit and used those materials to produce 15,000 units. what is the total material variance? what is ..
The Ocean City water park is considering the purchase of a new log flume ride. The cost to purchase the equipment is 1,800,000, and it will cost an additional 180,000 to have it installed.
corporation acquired equipment for 260000. the estimated life of the equipment is 5 years or 40000 hours. the estimated
Calculate the amount of the interest expense for each option. Determine the proceeds received by the borrower in each situation. Which alternative is more favorable to the borrower? Explain.
Using the LCNRV rule, determine the proper unit value for balance sheet reporting purposes at December 31, 2017
Question - What is the difference between gross pay and net pay? What amount is recorded as wages and salaries expense and why
The entity owned 25,000 shares, representing 5% ownership interest in this mining company, What amount should be reported as investment
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Sarasota Company
Once the accounting cycle is complete, by what total dollar amount will these transactions impact the company's net income for 2015
Record the eliminations for goodwill and its impairment at 31 December 20X2, 20X3 and 20X4 into general journal
Share Premium at December 31, 2018 is P6,750,000; Retained Earnings on January 1, 2019 is P4,250,000. The P5,000,000 dividend included a liquidating dividend of
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