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Question - During 2019, Hanz Company purchased marketable equity securities for P650,000 to be held as trading investments. In 2019, the entity appropriately reported an unrealized loss of P30,000 in the income statement. There was no change during 2019 in the composition of the portfolio of trading securities. On December 31, 2020 the market value of the portfolio total P700,000. What amount of unrealized gain on these securities should be included in the 2020 income statement?
Explain, Do you believe integrating corporate governance and business ethics education into the business curriculum of a school is a good idea?
Define the accounting equation. Define, explain, and example the following: Asset, Liability, Equity, Revenue, and Expense.
Appleton Inc. adopted dollar-value LIFO on January 1, 2016, Compute the dollar-value LIFO inventory valuation for the December 31, 2016, inventory
Write a 350- to 700-word paper describing the amounts of current and deferred income taxes. Explain the items that affect both these classifications.
who is due to take up his appointment very shortly. Last night, at the invitation of a friend, you attended a prestigious charity function which, coincidentally, was also attended by Mr Bouche
Jarvis Corporation owned a building with a book value of $109,000 at 12/31/10. The building had a 15-year remaining life and a revaluation surplus balance
If Net Sales is $10,700 Cost of Goods Sold is $ 5,200 Gross Profit is $5,500 and Operating Expenses are $1, 500. What is the Net Income from Operations
What is the projected dividend for next year, What is the current value of the stock using the Constant Growth Model of the Dividend Discount Model
His net regular tax liability beforethe general business credit is $95,000, and his tentative minimumtax is $82,000. Compute Earl's allowable general businesscredit for the year.
What is the required bad debt expense adjustment to the Allowance for Doubtful Accounts at December 31, 2021
On January 1, 2011, Henderson Corporation retired $500,000 of bonds at 99. At the time of retirement, the unamortized premium was $15,000 and unamortized bond issue costs were $5,250. Prepare the corporation's journal entry to record the reacquisi..
Conceptual Connection: Explain how the journal entries differ from a job-order cost system.
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