Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem 1: Factor Company built an item of plant manufacturing division. The costs incurred for the construction of the plant are as follows: Contractors' cost Php 20,000,000; Direct materials and labor used in the construction Php 8,000,000; Engineering and technical overheads, Php 2,000,000; Interest cost incurred to finance construction Php 1,000,000 and general administrative cost allocated Php 1,500,000. Of the direct materials and labor used, Php 1,500,000 is attributable to cost of inefficiencies caused by a labor strike. During the construction of the asset, Factor Company entered into an incidental operation wherein the company uses the vacant plant site as parking lot. Total revenue from the parking lot was Php 125,000 and related cost incurred was Php 10,000. At what amount should the manufacturing plant be initially recorded?
Prepare partial balance sheet showing the bond liability and discount on Dec 31, 2019 and 2020 assuming the bonds will be redeemed on Dec 31, 2021
Assume that a machine was purchased for $50,700. Cash of $21,700 was paid, and a four-year, 14% note payable was signed for the balance. How much is the equal annual payment of principal and interest due at the end of each year?
In reviewing the accounting records of the transportation services fund, an internal service fund of douglas city, you notice that the fund uses budgetary accounts. this is most likely because
What the depreciation expense recorded on December 31, 2008, should be? Carson Supply bought equipment at a cost of $72,000 on January
CM2 has not offered retirement benefits to its employees but is looking for information on pension retirement plans. Naturally, when you show up for work, Conner and Martin suggest that you gather information and fill them in on possible benefit plan..
On October 1, 2014, Gator Inc assigns $1,600,000 of its accounts receivable to American Bank as collateral for a $1,200,000 loan. The bank assesses a finance charge of 2% of the receivables assigned and interest on the note of 7%.
present value concepts for investment options.1. at a growth interest rate of 8 percent annually how long will it take
Herberger Oil & Gas Company paid $10 million for the drilling rights to a 1,000 acre tract of land near Midland, Texas. What is the cost basis of the remaining reserves at the end of the second year?
The Trolley Dodgers (to honor World Series Season) As you may recall, much of payroll testing is done through test of controls. a. Identify the internal control weaknesses in the Dodger’s payroll system. b. What audit procedures might have detected t..
Using semi-annual compounding, what is the price of a 5 percent coupon bond with 10 years left to maturity and a market interest rate of 7.2 percent?
1. If the financial markets are efficient, then investors should expect their investments in those markets to:
Prepare the entry to record the interest expense at October 1, 2014. Assume that accrued interest payable was credited when the bonds were issued.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd