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On October 1,2020, Lann Company approved a formal plan to sell a business segment. The sale will occur on March 31,2021. The segment had income of P 2,500,000 from January 1 to December 31,2020.
Problem 1: What amount should be reported as income from the discontinued segment for 2020?
with the annual demand of 2400 units daily demand of 10 units and daily production rate of 40 units a company has
Journalize the adjusting entry required under each of the following alternatives for determining the amount of unexpired insurance
Choco acquired 10 % of the voting common stock of Cake Company in 1/1/2019 by paying $12,000 in cash. What is the journal entry regarding net income
if a coumpany has 4000 units started by the end of a period all but 400 are completed. the 400 units are 80 complete
Prepare the two adjusting entries required on December 31 to record the accrued interest expense and the accrued consulting revenue earned
What is the carrying value of the outstanding Carlin Corporation 5-year bonds on January 1, 2011? (Assume straight-line amortization.)
Corporations may have a legitimate preference for dividends over capital gains because
Which method of recording the admission of a new partner will result in the change of existing partners' capital? Either bonus method or goodwill/revaluation
1.The payroll records of Speedy Software show the following information about Marsha Gottschalk, an employee, for the weekly pay period ending September 30, 2013.
Using the absorption costing method, prepare the company's income statement for the year. For decision making purpose, which is the better method? Why?
Depreciation for the year is estimated to be $3,730. Prepare the adjusting entry for depreciation at December 31
Accounts payable $65,000, Accounts receivable $41,000, Capital stock $100,000, Cash $50,000, Dividends $10,000, How much are total assets
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