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Question - In December 1, 2021 Bullish Company, a large entity, bought 90,000 shares of buoyant Company's listed shares for P600,000. On December 31, 2021 objective evidence showed that the securities had a fair market value of P450,000. On December 31, 2022 market condition had improved and the securities fair had risen to P695,000.
Assuming the securities were classified at initial recognition as at FVTPL, what amount of impairment loss being recognized in its December 31, 2016 income statement?
At the time of the accident, it was worth $14,000 and Alicia had taken $2,000 of depreciation. After the accident, it was worth $5,000. The car was not insured. If Alicia's AGI is $15,000 (before considering the loss), determine her itemized deduc..
Caroline's Collectible computes a total of $6,720 in estimated losses as of December 31, 2016. How much is bad debt expense that Caroline Collectibles
Pitre, Inc. earned net income of $150,000 during 2010. Determine the required sales in dollars to meet the target net income during 2011
Our firm purchased equipment for 200,000 Artemedal dollars (AD$) on December 1, 2016. Provide all the necessary journal entries to record the hedge
a corporation had 20000 shares of 10 par value common stock outstanding on jan 10. later that day the board of
Explore the tax implications of this arrangements and whether the $5 per hour difference has further implications
In turning $4000 into 25 million, what were the total and annual returns? How did her annual return compare to the 6.3% average annual return for stocks
From the given information, we can deduce that the data given are from a sample of size 10. What is going to happen to the interval
assume that last year 2011 aampa products had a net operating loss of 50000 and for this problem aampa products
george jetsons rosies sell for 200 per unit and their variable costs per unit are 110. the fixed costs are 500000. if
The ending inventory was 25,000 units which were 60% complete. The cost per equivalent unit for conversion was
Explain why a balanced scorecard is a better view of a company for an investor than the Financial Records alone? Give an example of financial statement fraud
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