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Question 1: Sushi Company declared and distributed 10% stock dividend with fair value of P3,000,000 and par value of P2,000,000, and 25% stock dividend with fair value of P8,000,000 and par value of P7,000,000.What aggregate amount should be debited to retained earnings for the stock dividends?
Option 1: 9,000,000Option 2: 11,000,000Option 3: 10,000,000Option 4: 7,000,000
Compute the payback period for Bowman's proposal to undertake the contract work -Analyzing a Capital Investment Proposal - Compute the net present value
Submarine Corp., earned a net income of $110,000 for 2011. Submarine's books included the following figures: Preferred stock, 2%, $30 par, 1,000 shares issued and outstanding - $30,000. Common stock, $1 par, 52,000 issued - $52,000. Compute Submarine..
Which would cause an inflow of cash? issuing common shares to retire long-term debt/ incurring a loss on the sale of a capital asset
On January 15, 2014, Bella Vista Company enters into a contract to build custom equipment for ABC Carpet Company. The contract specified a delivery date of March 1. The equipment was not delivered until March 31.
During April, the actual production was 5,000 tons of the finished product and the costs incurred were: variable production overhead total variance; and
Jonathan Wen Started a business to offer development of online stores for small business. Record the following transactions in the journal of the business.
Pays an annual interest rate of 12% (assume all payments will occur at the end of each year). What amount must you deposit each year to reach your goal?
Prepare the journal entrie Prepare the journal entry to record item 1. Prepare the journal entry to record item 2. Prepare the journal entry to record item 3 using the cost method.s to record the above transactions.
Given the returns and probabilities for the three possible states listed here, calculate the covariance between the returns of Stock A and Stock B.
Employer B carries a group term life insurance policy on its employees. If an employee dies, the proceeds from the policy must be included in the decedent’s gross estate. Jason paid $8,000 of the $18,000 purchase price when he purchased property as j..
How should Tony's consolidated financial statement reflect the value of the expensed computer programs? How should Tony's consolidated financial statement reflect the value of the expensed computer programs?
Before you effect his request, what should you do? Please identify and apply Guidelines, Procedures, Legislation and Codes of Practice relevant to the financial
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