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Problem 1: N is trying to decide whether to accept a salary of P40,000 or a salary of P25,000 plus a bonus of 10% of profit after the bonus as a way of dividing profits among the partners. What amount of profit would make the choices equal?
a. P150,000b. P165,000c. P15,000d. P135,000
Prepare the journal entry to record the change in circumstance. Obtain the relevant authoritative literature on accounting
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oregon lumber processes timber into four products. during january the joint costs of processing were 280000. there was
In the process of reconciling Marks Enterprises' bank statement for September, The adjusted cash balance per the books on September 30 is
Frantic fast foods had earnings after taxes of $390000 in the year 2009 with 300000 shares outstanding. On January 1, 2010, the firm issued 25000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings ..
Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise
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They are Issued at $643,419 and their market rate is 10% at the issue date. Determine the total bond interest expense to be recognized over the bonds' life
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