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Question - Aca, Inc. has several branches. Goods costing P10,000 were transferred by the head office to Cebu Branch with the latter paying P600 for freight cost. Subsequently, the head office authorized Cebu Branch to transfer the goods to Davao branch for which the was billed fot the P10,000 cost of the goods and freight charge of P200 for the transfer. If the head office had shipped the goods directly to Davao branch, the freight charge would have been P700. What are the pertinent entries for the home office and branch?
On December 20, the company paid cash for machinery, $280,000, subject to a 2% cash discount, Prepare entries on books of Rommel Company for these transaction
Prepare a differential analysis report comparing operations utilizing the new machine with operations using the present equipment
A company reports net income of $8,000, sales revenue of $18,000, and average total assets of $24,000. Calculate the company's return on assets
What journal entry is needed torecord the payroll from the week prior (week ending 05/22, payroll computation happening on Tuesday 05/26).
Prepare all journal entries for monetary exchange. Equipment that cost $48,000 and has accumulated amortization of $38,400 is exchanged for similar equipment
Both Activity X and Activity Y are passive activities to Hugh. Hugh purchased Activity X in 1987 and Activity Y in 1993. How much loss that Hugh may deduct
Compute an estimate of the ending balance of accounts receivable from customers that should appear in the ledger and any apparent shortages
What possible business could your friend's boss be in and explain why he would think the model is more of a liability than asset?
Find What is their tax liability? Miguel and Carmelita are filing a joint return and use the standard deduction; they have no other income to report.
Prepare the Current Assets section of the balance sheet presentation for the available-for sale securities as of December 31, 2012
Assume that the building and vehicle had remaining useful lives of 25 years, Calculate the balance of the revaluation surplus as of December 31, 2020.
The family of curves known as the Pear-shaped Quartics have equations of the form b2y2 = x3 (a - x), where a and b are constants. Find the (x, y) coordinates where the tangent line to the curve is horizontal (that is to say, where y' = 0.)
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