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Question - BB Company purchased 60 percent ownership of KK Corporation in 20x8. On May 10,20x9, KK purchased inventory from BB for P 60,000. KK sold all of the inventory to an unaffiliated company for P86,000 on November 10,20x9. BB produced the inventory sold to KK for P47,000. The companies had no other transaction during 20x9. What amount of sales will be reported in the 20x9 consolidated income statement?
The partners decided to liquidate and they accordingly convert the non-cash assets into P46,400 cash. How much cash will Wini receive after the liquidation
Corn will incur shipping costs of $2 per unit. Compute the increase or decrease in net income Corn will realize by accepting the special order
Certificate of deposit maturing on January, Determine the correct balance in J & J's cash account
Congress has asked you to evaluate the individual tax brackets in the federal tax code and make several recommendations to improve the fairness of the tax brackets. Using the Internet and Strayer Library, research the current federal tax b..
Show how Rhone-Metro calculated the $143,000 annual lease payments. How should this lease be classified (a) by Western Soya Co
A nurse is reviewing the arterial blood gas(ABG) result of ph 7.62, PCO@ 40meq/L and HCO3 36meq/L for a client. Which diagnosis would the nurse anticipate
Prepare an income statement for 2016 beginning with income from continuing operations. Include appropriate EPS disclosures assuming that 100,000 shares
Find which Pro forma amounts for changes in accounting principle should be shown in? change in the estimated useful life of plant assets.
1. name and briefly describe each of the four financial statements.2. briefly distinguish between financial accounting
For the corporation that has acquired another company, merged with another company, or been acquired by another company, evaluate the strategy that led to the merger or acquisition to determine whether or not this merger or acquisition was a wise ..
What is the value of Cp for the process? Given this value of Cp, what recommendations might you make to the quality control team?
What is the value of a one year European call option using the black scholes option pricing model? Show values of N(d1) and n(d2) using Excel and using the fomula provided in the lecture note.
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