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Question - On August 31, 2021, Fourth Company discounted with recourse a customers note at a bank at a discount rate of 15%. The note was received from the customer on August 21, 2020, terms 90 days, had a face amount of P5,000,000 and carried an interest rate of 12%. The customer paid the note to the bank on October 31, 2020, the maturity date. Prepare the journal entries to record the transactions assuming the discounting is accounted as a conditional borrowing.
Briefly discuss software piracy. What is it, how widespread is it, and who is harmed by it?
What is the deductible amount of moving expenses that Diane can claim in her personl income tax return for the year of the move
Based off of the computations attached, How woud you evaluate each Company's profitability?
an examination of the cash activities during the year shows the following.great adventures cash account records july 1
Compute the fixed portion of the predetermined overhead rate for the year
In a business organization, Accounting Information System (AIS) requires data and useful information in order for the business to operate effectively.
full payment is made to Cheyenne. Prepare the journal entries for Cheyenne in 2017 related to this arrangement
"Young people with little wealth should not invest money in risky assets such as the stock market, because they can't afford to lose what little money they have." Do you agree or disagree with this statement? Why?
Accounting Cost Systems and Cost Behavior You are applying for a managerial position at an innovative and rapidly growing company. This is a dynamic company that wants an individual who adds value to the organization. Managers at this company wear ma..
Compute the total price paid by XYZ Corporation for the bonds showing your calculation for the present value of the principal
Factory overhead is allocated to the three products on the basis of processing hours. Determine the single plantwide factory overhead rate
Write a 1000 word, APA style paper on the "Seven Basic Financial Statements of the Federal Government. In your paper be sure to discuss the following:
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