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Question - Alive Corporation purchased a machine on January 1, 2020 for P5,000,000 for lease purposes. It has an estimated useful life of ten years with no salvage value. Alive leased the machine on March 31, 2020 at P80,000 monthly for four years. Alive required security deposit of P1,000,000 on March 31, 2020 which shall be returned to the lessee upon lease expiration. What amount should be credited to rent income upon receipt of the P1,000,000 security deposit?
Profitability Ratios Refer to the information for Kepler Company on the previous page. Also, assume that for last year and for the current year.
bacher company developed the following reconciling information in preparing its september bank reconciliation cash
the sarbanes-oxley act of 2002 placed sigificant restrictions on the types of consulting that may be performed by
The text book says that Maria owns 100% of stock with adjusted basis of $52,000 she recieves a cash distribution of $250,000 from the company when its earnings and profits are $100,000. What is Maria's dividend income?
$1,763.00 into and account 3.00 years from today into an account that earns 6.00%. How much will the account be worth 13.00 years from today?
When calculating debt to equity ratio: A) Convertible bonds should be treated as debt B) Convertible bonds should be excluded from debt but not included in equity
computer information services is a computer software consulting company. its three major functional areas are computer
The company also consigns goods and has 4,500 units at a consignee's location. How many units should Sandoval include in its year-end inventory
Country Store, Inc. provides credit to their favorite customers. On December 31, 2018, the controller of Country Store prepared the following.
Brighton Corporation distributes the land (now worth $300,000) pro rata to the shareholders. What amount of loss will Brighton recognize on the distribution
The home Office bills its only branch at 25% above cost for all merchandise shipped to the branch. Both the home office and the branch use the periodic.
Explain three basic principles of contract law and why it is essential for compliance that these are followed. Explain duty of care principles for financial.
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