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Question 1: For the summer session of 2019, Asian University, a nonprofit organization assessed its students P3,000,000 (net of refunds), covering tuition and fees for educational and general purposes. However, only P2,500,000 was expected to be realized because scholarships totaling P50,000 were granted to students, and tuition remission of P150,000 were allowed to faculty members' children. What amount should Asian University include in the unrestricted funds as revenues from student tuition fees?
The fair value was $57,500. Prepare the adjusting entry to record the unrealized gain or loss on available-for-sale investments on December 31
which of the following groups would be considered an internal user of financial statements?a bank reviewing a loan
Aero Ltd, Calculate the impairment loss as at 30 June 2020. Prepare table as provided below to allocate the above impairment loss
Calculate the number of units XYZ Company must sell in order to earn a target profit equal to 35% of sales
from the second e-activity determine the u.s. security and exchange commissions secs position on convergence. based on
the ending inventory of pocket calculators was 1850 units higher at the end of the month than at the beginning of the
George pays $10,000 for a 20% interest in a general partnership which has recourse liabilities of $20,000. The partners share the economic risk of loss from recourse liabilities in the same way they share partnership losses. George's basis in his ..
Teri's Tanning Salons had a balance of $46,300 in its Supplies account on January 1, 2005. The company made two purchases of supplies during 2005, each in the amount of $57,400
Oatly is concerned about the collectability of outstanding loan and whether the trucks still exist. He thus engages Susan Virms, CPA, to count the trucks, using registration information held by Oatly.
The following information is available for Blossom Company for three recent fiscal years. Calculate the inventory turnover and days in inventory
Discuss at least three (3) criteria that an analyst may use when classifying a publicly traded company as a strong buy
Venedict invested $90,000 cash along with office equipment valued at $24,000 in a new sole proprietorship named HV Consulting.
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