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Question - Barefoot Co. purchased inventory from Nakasakasaka Co., a foreign supplier, on November 15, 20x1 for Y100,000, when the spot rate was PO.4295. On December 31, 20x1, the spot rate was P0.4245. Barefoot Co. settled the account on January 15, 20x2 when the spot rate was P 0.4345. Provide the journal entries in 20x1 and 20x2.
A pro forma financial statement is a financial statement that:
C, D, and E are partners with capital balances on December 31, 20x1 of P300,000, P250,000, and P200,000. Prepare journal entries for the relevant transactions
As a new IPO, how would the guarding of their finance change? How will new stockholders change the management of the company?
What is meant by the forensic-type fieldwork phase of an audit? An AICPA Fraud Task Force suggests that if a forensic accountant is brought into an audit to conduct a separate investigation (and not an adjunct to an audit), what standards apply?
Calculate the expected yield on a 1-year t-bond purchased one year from now. given that cureently 1-year treaury bonds yield 4% while 2-year bonds yield
Evaluation of Goods available for sale, inventory and evaluate the Goods available for sale, Ending inventory and Cost of goods sold.
If sales grow by 25 percent next year, determine how many dollars of new funds are needed to finance the growth
Identify at least 10 business risks facing ShangTIF and the business objective (at least 2 risks per objective) impacted.
Determine the inventory balance Marcus would report in its August 31,2011 balance sheet and the cost of goods sold it would report in its August 2011 income statement
A firm has total interest expense of $20,000 per year, sales of $1 million, a tax rate of 35 percent, what is the firm times-interest-earned ratio
Marginal Tax Rate. Jill and George are married and file a joint return. They expect to have $425,000 of taxable income in the next year and are considering whether to purchase a personal residence that would provide additional tax deductions of $80,0..
Find and Show the entry to admit the new partner into the business. Mahomes joins the partnership. He is anxious to join and agrees to pay $46,000
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