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Short Essay - State the basic difference on the legal effects.
(a) Between a contract to sell, and a contract of sale.
(b) Between a conditional sale, and an absolute sale.
Yang corporation recently computed total product costs of $573,000 and period costs of $450,000, excluding $41,000 of sales commissions that were overlooked.
Bryant leased a land to Joe for a period of years starting January 1, 2016 at a monthly rental of P2,000. How much income is to be reported by Bryant
equipment acquired on february 5 20xx at a cost of 212750 has an estimated useful life of 8 years and an estimated
The fair value of the services is not readily determinable, Prepare a Schedule of Note Discount Amortization for Green Company under effective interest method
Prepare journal entries to record the issuance of these bond, the accrual of the interest at the year-end, and the payment of the first interest coupon
Drawings required by patent office to be filed with patent application, P50,000. How much is the cost of patent and research and development
The financial statements of PepsiCo, Inc. are presented in Appendix A. The notes accompanying the statements contain the following selected accounts, stated in millions of dollars.
on january 1 2010 sands company had accounts receivable 55600 and allowance for doubtful accounts 5390. sands company
If Darden reported cost of goods sold totaling $246,000 in March, how much did it transfer out of Work in Process as completed goods
Contributions to the retirement fund during the year - 280,000. How much is the fair value of the plan assets as of year-end
mathews guitar company makes high-quality customized guitars. mathews uses a job order costing system. because the
Determine what amount should be reported in the income statement for 2018 as income or loss under "discontinued operation"?
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