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Question - Gen Z Limited signed a contract on the 28th of February 2020, with Wahoo Limited (the customer), to install a generator at their new offices in New Germany, the terms of which included the following: - Gen Z Limited agreed to supply and install the generator before the 30th of June 2020 - Wahoo Limited agreed to pay R150 000, in advance on the 31st of March 2020. Gen Z Limited installed the generator on the 17th of June 2020 on which date, the customer obtained control. Wahoo Limited paid the promised consideration on the 31st of May 2020.
Required - Prepare the journal entries in Gen Z Limited if:
a) Contract is non-cancellable.
b) Contract is cancellable in the event of non-performance.
What consolidated balance sheet of Ruth and subsidiary displays goodwill in the amount of? As a result of the acquisition of Halcomb by Ruth.
What corporate social responsibilities do social media companies have in relation to the use of psychographic profiling in advertising?
Melissa recently paid $400 for round-trip airfare to San Francisco to attend a business conference for three days. Suppose that Melissa made the trip to San Francisco primarily to visit the national parks and only attended the business conference as ..
As a beginning investor, why is it unlikely that you would receive direct voting rights at a company in which you purchased stock?
Why is it that some people will blame others for their misfortunes yet excuse themselves of responsibility when they fail
Prepare an interpretation of the ratio trends for the 3 years computed below; while each of the 14 ratios should be interpreted, an integrated holistic analysis is preferred to a list.
Question: Learn about Hobbes's influence on politics during and shortly after his lifetime. What influence did he have then? What influence does he still have?
Construct an amortization schedule for a $1,000, 3.5% annual rate loan with 3 equal payments. Find the required annual payments
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Goods available for sale at retail amounted to $960,000 and goods were sold during the period for $600,000. The estimated cost of the ending inventory is
A firm has 10.000 TL in inventories, a current ratio equal to 1.2, and a quick ratio equal to 1.1 What is the firm's Net Working Capital?
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