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Question - The Angelbert Company accounts for non-current assets using the revaluation - On 30 June 2019 Angelbert classified a freehold property as held for sale in accordance with PFRS5. At that date the property's carrying amount was P290,000 and the balance on the revaluation reserve was P20,000. At that date its fair value was estimated at P330,000 and the costs to sell at P20,000. At 31 December 2019 the property's fair value was estimated at P325,000 and the costs to sell at P25,000.
If the asset was sold for a net proceeds of P285,000 in 2020, what amount should be included as loss on disposal in the entity's statement of comprehensive income for the year ended 31 December 2020?
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: - Explain the goals and uses of special journals.
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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.
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