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Problem 1: A public owned entity assesses performance and makes operating decisions using the reportable segments total revenue of P7,700,000 and total profit and loss of P500,000. The total profit and loss including inter-segment profit of P50,000. In addition, the entity has P10,000 of common costs for the reportable segments that are not allocated in reports reviewed by the chief operating decision maker. For purposes of segment reporting, what amount should be reported as segment profit of the reportable segments?
a. 460,000
b. 450,000
c. 510,000
d. 500,000
Compute for the net present value for Sulu Inc. Annual cash expenses P330,000. Annual cash receipts P660,000. Initial investment P880,000
Find direct materials used and finished goods inventory and factory overhead applied actual factory overhead direct labor used.
What is the annual rental over the lease term? DD Inc. is engaged in leasing equipment. Such equipment was delivered to a lessee on January 1, 2019
The stock is expected to pay dividends of R2 and R2.5 in 3 months and 6 months from now, respectively. What will be the profit/loss and margin account levels
Prepare journal entries to record the issue of the bonds by Angel on April 1, 2014, and the first two interest payments on October 1, 2014, and April 1, 2015.
Problem - Transactions for Fixed Assets, Including Sale. Journalize the transactions and the adjusting entries. If an amount box does not require an entry
What is the nominal value of each share of common stock? Family Dollar operates a chain of discount stores. It has locations across the United States.
On July 1, 2020 Blue Thunder Ltd. invested in a 6 year, 5%, $600,000 bond. Record the journal entry for the purchased bond investment
In the Marion Boat example for the journal entry portion, how is interest calculated on a per month basis. Determine the amount to be accrued for the months
Discuss the major similarities and differences between U.S. GAAP and IFRS. Which of the differences do you find most interesting?
You have 2 investment oppportunities: one will have an 11% rate of return on an investment of $430, and the other will have a 14% rate of return on principal of $660. You would like to take advantage of the higher-yielding investment but have only $4..
What two tests apply in determining whether a Qualified Plan meets minimum coverage rules? Be very specific.
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