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Fortune Company purchased Diary cattle at an auction for P300,000 on July 1, 2024. Cost of transporting the cattle back to the company's farm was P3,000 and the company would have to incur similar transportation cost if it was to sell the cattle in the auction, in addition to an auctioneer's fee of 2% of sales price.
Problem 1: What amount of net gain or loss should be recorded?
a. 190,000b. 194, 000c. 196, 000d. 200, 000
question smith and sons is developing the 2011 budget. in 2011 the company would like to increase selling prices by 20
You have invested $100,000 in the US stock market. How many years is it expected to be until you are going to pull out your money?
State the total revenue and net profit attributable to members of FGL and earnings before interest and tax (EBIT). Compare the net profit with the net cash flows from operating activities. Which amount is larger? Is this normal
Show that any rational number a/b , between 0 and 1, can be written as an Egyptian fraction. Can an irrational number between 0 and 1 ever be expressed as an Egyptian fraction? Why?
A company purchased factory equipment, Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2017 is
Which pricing model would maximize her operating income? What are the implications for her clients if she changes her pricing model?
On January 1, 2014, Lennon Industries had stock outstanding as follows. 6% Cumulative preferred stock, $106 par value, issued and outstanding 10,700 shares $1,134,200 Common stock, $11 par value, issued and outstanding 264,000 shares 2,904,000 To acq..
On September 1, 2010, Dental Equipment Corporation sold equipment priced at $635,000 in exchange for a nine month note receivable with an annual interest rate of 18.2%, all due at maturity. Prepare the December 31, 2010 (fiscal year end), adjusting e..
Judy Company worksheet for the preparation of its 2016 statement of cash flows included the following: Assume that the only transactions affecting the increase in accumulated depreciation for 2016 was the recording of the annual depreciation expense...
COGS of 104,000, depreciation expense of $51,000, and addition to retained earnings of $63,750. Calculate times interest earned ratio while income tax rate 34
What amount would be reported for before-tax total operating expenses on the consolidated SCI, assuming no other intercompany transactions?
The Herbolt Company is considering a new line of business. Starting the business will require an initial investment in equipment of $304,000
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