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Question - Beanery Company purchased land with a current market value of P2,400,000. The carrying amount of the land was P1,305,000. In exchange for the land, the entity issued 20,000 ordinary shares with par value of P100 and an estimated market value of P140 per share. The shares are not traded in an established stock exchange. What amount should be recorded as cost of the land?
Prepare the journal entry to record accrued interest at December 31, assuming adjusting entries are made only at the end of the year
On 1/2/20X6, ALPHA acquired 100 shares of CHARLIE Corporation stock at $20 per share, What is the balance sheet amount for trading securities at the end of 20X7
fuentes corporation reported net income of 152000 declared dividends on common stock of 50000 and had an ending
connor bly is a sales manager for an automobile dealership. he earns a bonus each year based on revenue from the number
Determine Recordentry for change in fair-value at year end.Record the entry for acquisition of shares of Santos Technology Ltd
Suppose the following items were taken from the 2017 financial statements of Texas Instruments, Inc. (All dollars are in millions.)
you have the following information for mchugh inc. for the month ended october 31 2010. mchugh uses a periodic method
Did John Jones violate client confidentiality? What is your opinion? Your well-written paper must be 2-3pages, in addition to title and reference pages
The following unemployment tax rate schedule is in effect for the calendar year 2013 in State A, which uses the reserve ratio formula in determining employer contributions:
Ken Fritz is studying for his accounting midterm examination. Identify for Ken the advantages and disadvantages of the corporate form of business organization.
mark was injured in an auto accident. the insurance company is offering a settlement of 450000 to be paid in a lump sum
McDowell Industries sells on terms of 3/10, net 30. Total sales for the year are $912,500. Forty percent of the customers pay on the 10th day.
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