What amount should be charged to furniture and fixtures

Assignment Help Accounting Basics
Reference no: EM132729937

Problem 1: A corporation issues 1,000 ordinary shares for furniture and fixtures. The market value of the furniture and fixtures is P95,000 and the market value per share is P105. What amount should be charged or debited to furniture and fixtures?

Reference no: EM132729937

Questions Cloud

What amount should be charged or debited to furniture : A corporation issues 1,000 ordinary shares for furniture and fixtures. What amount should be charged or debited to furniture and fixtures?
Describe the method analysis and its kinds : Describe the Method Analysis and its kinds?
Find what amount should reported as accumulated depreciation : Turtle company purchased equipment on January 1,2018 for P5,000,000. What amount should be reported as accumulated depreciation on December 31,2020?
Improving the performance of its supply chain : Explain how a firm can reduce costs while improving the performance of its supply chain.
What amount should be charged to furniture and fixtures : The market value of the furniture and fixtures is P95,000 and market value per share is P105. What amount should be charged or debited to furniture and fixtures
Conducting business abroad : Multinational companies will, at one time or another, encounter political risks when conducting business abroad.
What is a likely result of deleting negative comments : What is a likely result of deleting negative comments?
Process for formulating a strategy : 1. What is the strategy formulation process? 2. What is the process for formulating a strategy?
Discuss the threats to validity and reliability : Individual Assignment Methodology and method for the collection of your data

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd