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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?
$900,000 in cash add the buyer assumes her mortgage of$200,000. Does Aliza realize a gain on the sale of her residence, and if so, what is the amount?
Identify and briefly describe three specific virtual reality applications.
Use the Internet to investigate each company's site in conducting your research.
Record the journal entry to recognize employee payroll for the month of May, dated May 31, 2017
The Morris Company uses cash-basis accounting for its records. Using accrual accounting, prepare an income statement for 2014 for Morris Company
Question - Depletion, Timber, and Unusual Loss. Determine the depletion cost per board foot for the timber harvested prior to the eruption of Mount Leno
What is the relationship between the NPV and the IRR? Based on the NPV, at what level would you expect the IRR to be relative to the cost of capital
Refer to the Lowe's 2012 10-K. What is the difference between prepaid rent and deferred rent? Describe in general terms what accrued liabilities are
The estimated useful life of the machinery 5 years. Calculate the present value lease liability amount as at 1 July 2019
Meger Manufacturing uses the direct labor cost method for applying factory overhead to production. What was Meger's predetermined factory overhead rate?
The project includes annual net cash inflows of $100,000 which occur at the end of each of the five years. What is the sensitivity margin of the cash inflows
Credit sale for year ended 50,000 and cost of goods sold was 30,000. How long does merchandise stay around before it is sold
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