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Question 1: BB Company issues 4,000 shares of its P5 par value ordinary shares having a fair value of P25 per share and 6,000 shares of its P15 par value preference shares having a fair value of P20 per share for a total amount of P220,000. What amount of the proceeds should be credited to the preference shares capital account?
Discuss strategy recommendations for Choice Hotels management. Discuss the differences in strategy related to business growth, finance
Identify a set of IFRS-compliant annual financial statements for 2009 or 2010 and provide information in rows 1 to 4 in the table below.
Home mortgage loan with an interest rate of 6% compounded monthly. His monthly mortgage payment is $875. What was the selling price of the house
What makes cash basis easier for small companies to use? Do you think it has to do with their frame of reference on business operations? In other words, if they have cash left at the end of the period, is that an indication they're doing well?
On September 1, 2013, Algernon Company sold a truck for $15,000 cash. The truck was originally purchased for $40,000, had an estimated salvage value of $4,000 and an estimated life of 6 years. Algernon had recorded depreciation through the end of 201..
ABC Manufacturing Corp, What additional information might you seek? What would US GAAP require you to report or disclose in your quarterly 10Q?
Write a paragraph presenting an analysis of the impact of the new standard on Roswell Manufacturing. If you were a member of the FASB and met Martha Cooper at a professional meeting, how would you respond to her objection?
We have $25 thousand invested in ABC stock, $50 thousand in DEF stock, and $15 thousand in GHI stock. What are the portfolio weights?
accounting for receivablesacme company had a january 1 balance in its allowance for doubtful accounts of 7000 for the
The Genesis Energy operations management team is now preparing to implement the operating expansion plan. Previously, the firm’s cash position did not pose a challenge. However, the planned foreign expansion requires Genesis Energy to have a reliable..
The students are required to develop a report (not less than 10 pages) along with Excel spreadsheets as an aid in preparing and updating of financial reports.
Is issue one appropriate action to be taken in regards to IFRS policy and if so why? and for issue two what appropriate according to IFRS
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