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Question - Iriga Company issued the 2020 financial statements on March 1, 2021. The following data are provided by the entity for the year ended December 31, 2020:
Amount owing to another entity for services rendered during December 2020 300,000
Estimated long service leave owing to employees in respect of past services 1,200,000
Estimated cost of relocating an employee from head office to a branch in another city (employee will physically relocate in January 2021) 100,000
Estimated cost for overhauling machine every 5 years (the machine is 5 years old on December 31, 2020) 150,000
Required - What amount should be recognized as provision on December 31, 2020?
question a company has operational expenses of the subsequentjan - 250000feb - 350000mar - 275000apr - 250000may -
he present value of an annuity due of 1 for 6 years at 12 percent is 4.6048, what is the lease liability that Stockton should report on the balance sheet at December 31, 2008?
January 1, 2022 for $70000. Assume Ayayai's pays interest annually on January 1. Blossom's journal entry at December 31, 2022 would include a credit to
Jerielle Pelley is the front of?ce manager at the 125-room limited-service Best Stay Inn. She also serves as her property's RM. Jerielle has just taken a call from Lawrence, a friend and the RM at a hotel within her comp set.
A corporation sold 11,000 shares of its $10 par value common stock at a cash price of $12 per share. The entry to record this transaction would include:
In December 31, 2018 balance sheet Lake would report what: Deferred gross profit of $775,000, Installment receivables (net) of $392,000
The basic idea underlying responsibility accounting is that each manager should be held responsible for the overall profit of the company to ensure that all managers are acting together. In a merchandising company, the required merchandise purchases ..
Loan Amortization Schedule,Amount Borrowed: $22,000,Interest rate 8%. What is the payment to pay off the loan at the end of 36th month?
Get $1,200 one year from today. If your required rate of return on investments of similar risk is 10%, should you make this investment? Why?
Cole Manufacturing Co., In Cole's December 31, 2020 balance sheet, what amount of cost for these goods should be included in inventory
In 2020, earnings per share on income from continuing operations was $2.99, and earnings per share on net income was $3.49.
Irwin Company obtained a five-year, €100,000 bank,What is the impact of the transaction on the profit and loss account of the year x1?
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