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!
Question 1: On April 1, 2020 Praise Company purchased 25,000 shares of Maze Company's 100,000 outstanding ordinary shares for P300 per share. On December 31, 2020, Maze Company paid P2,000,000 cash dividends to its ordinary shareholders. Maze reported net of tax income for the whole year in the amount of P4,500,000. One of Maze assets was undervalued by P400,000 which was identified to a tangible asset with a remaining useful life of 20 years, what amount of income should Praise Company report in its 2020 profit or loss on this investment? (Income tax rate is 32%).
a) P828,750 c) P 843,750
b) P833,550 d) P1,115,000
What is the value of the savings bond at the end of year five? Grand Opening Bank is offering a one-time investment opportunity for its new customers
On September 1, 2014, Universal Coat Company sold at 104 (plus accrued interest) 3,000 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Prepare in general journal format the entry to record the issuance of t..
Is current inventory management affecting the company's liquidity? If it is, then present three possible recommendations relating to the management
During 2014, Desny Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 9,700 of $100 par, 9 percent preferred stock and 397,000 shares of common stock. Compute the e..
The sausage system will save the firm $129,400, The tax rate is 23 percent and the discount rate is 13.2 percent. What is the net present value of this project?
Sony Inc. preferred stock pays $8.25 each year in dividends. If your expected rate of return is 5.55 percent, how much you will be willing to pay for this stock
Prepare the Nine Muses statement of cash flows using the indirect method.
(Learning Objective 2: Distinguish among operating, financing, and investing activities—indirect method) Smith Clinic, Inc., is preparing its statement of cash flows (indirect method) for the year ended March 31, 2012. Consider the following items in..
The firm will also incur expenses in the amount of $150,000. How many shares must the firm sell to net $20 million after underwriting and flotation expenses
Examine the positive and negative aspects of the merger/acquisition in consideration to its stakeholders - shareholders, suppliers, competitors, customers etc
Compute what was most recent dividend paid by the company? The dividend yield of a stock is 8 percent. If the market price of the stock is $18 per share
Prepare summary journal entries for 2011 and 2012 to account for the installment sales and cash collections. The company uses the perpetual inventory system.
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