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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?
Determine and Prepare Ivanhoe's journal entry for the recognition of warranty revenue. Assume the service costs are inventory costs.
You are evaluating audit results for assets in the audit of HalosHalos Manufacturing. You set the preliminary judgment about materiality at $50,000. Assume you tested inventory amounts totaling $1,250,000 and found $12,500 in overstatements. Ignoring..
A car was purchased for $1060 down and payments of $260. What was the purchase price of the car? How much interest will be paid?
Netta Shutters has the following inventory information. Calculate the dollar value of ending inventory, cost of goods sold, and gross profit at the end of the month assuming the company uses FIFO with a periodic inventory system.
Which change in the corporation's stockholders' equity accounts is correct? A corporation declared a 10% stock dividend on 15,000 shares outstanding
Many companies market their products and/or services to children or young teens. Identify one product and/or service that does this. Do you feel it is appropriate to market this product or service to this age group? Explain. Does this approach fit th..
Calculation of depreciation under SLM - Determine the depreciation expense for the crane in 2009?
What are the criteria used to determine the proper accounting method to record investment in equity securities? Are the criteria firm or is there room for interpretation? Can the criteria be used to manipulate the consolidated financial statements?
In Excel, would the high/low limits be the same as using min/max formulas? Also, what formulas would you use to calculate daily demand?
Assuming ASPE is followed, how should Jackhammer Chemical report this information in its financial statements at December 31.
What is the cost per equivalent unit of production for factory overhead if the following information occurred? Equivalent units of production for factory overhead...........$18,600 Cost of beginning work in process.........$19,200 Costs added during ..
Compute the total overhead applied to production during May, compute the cost of the ending work in process inventory and compute the cost of jobs completed during May.
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