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Question - Maria Clara Company carried a provision of P4,000,000 in the draft financial statements for the year ended December 31, 2021 in relation to an unresolved court case. On January 31, 2022, when the financial statements for the year ended December 31, 2021 has not yet been authorized for issue, the case was settled and the court decided the final total damages to be paid by the entity at P6,000,000. What amount should be adjusted on December 31, 2021 in relation to this event?
stallman company took a physical inventory on december 31 and determined that goods costing 261370 were on hand. not
Compaq Ltd has a net income after tax of $2 000 000 for the year ended 30 June 2018. Calculate the basic EPS amount for 2018
Prepare an outline of a presentation you are going to give to the new members of Perch's board on why Perch is subject to the UBIT even though
Gray is a 50% partner in Fabco Partnership. Gray's tax basis in Fabco on January 1, year 4, was $5,000. What is Gray's tax basis in Fabco on December
What other professions, aside from health care and education, could benefit from application of some of the technologies discussed in the case? How would they derive business value from these projects? Develop two proposals.
Calculate the growth, price-recovery and productivity components that explain the changes in operating income from 2018 to 2019
the questions that follow are based on rule 101 of the aicpa code of the professional conduct as it relates to
Prepare the journal entries necessary in 2010 to correct the books for the following items, assuming that the books have not been closed
Explain a supply chain linkage and give an example.
Foster Glass Company purchased a fax machine on July 1,2007 for $1,800. Record on Foster books July 1,2008 journal entry detailing sale of fax machine to Eagle
What is IBM's price to earnings ratio for 2015? (NOTE-use the TOTAL earnings per share assuming dilution
Daisey Company is a very profi table small business. It has not, however, given much consideration to internal control.
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