Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Sunny admits Yoona for a partnership interest in her business. The balances of the accounts of Sunny on July 1, 2013 prior to the admission of Yoona are as follows: Accounts Receivable, P480,090, Merchandise Inventory, P720,000, Accounts Payable, P248,000, and a certain amount of cash. It was agreed that for purposes of establishing Sunny's interest, an allowance for uncollectible accounts of 25% of necounts receivable is to be established. Also, the merchandise inventory is to be valued at P800,000. Lastly, prepaid expenses of P10,000 is to be recognized. Yoona invested cash of P565,640 to give her a third interest in the total capital of the firm.
Problem 1: The capital balance of Sunny before Yoona's admission is
a. PI, 056,880
b. PI, 150,000
c. Pl.136.400
d. P1.252,500
Prepare a schedule of adjustments as of December 31, 2012, to the initial amounts per Dimitri's accounting records.
Calculate Calvin's charitable contribution deduction and carryover (if any) under the following circumstances
Since the new component would increase the features of the company's product, the marketing manager predicts that monthly sales would increase by 400 units. Illustrate what should be the overall effect on the company's monthly net operating incom..
Calculate the amount XYZ Company's supplies balance at December 31, 2022 must be equal to in order for them to achieve their goal.
Calculate the NPV for both projects if the discount rate is 12%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
How much must save at the end of each month for the next 10 years? how much you need to save each month to fund your retirement
Compute the degree of operating, financial, and total leverage for Firm R. Compute the degree of operating, financial and total leverage for Firm W.
In 2015, Dick, Evan, and Fran form Triton Corporation. Dick contributes land (a capital asset) having a $50,000 FMV in exchange for 50 shares of Triton stock. He purchased the land in 2013 for $60,000. What is Dick's basis in his Triton shares? When ..
What is the expected value of unit sales for the new product? (Do not round intermediate calculations and round your answer to the nearest whole unit.)
XYZ Company purchased a refrigerated delivery truck for $65,000 on January 1, 2015. The plan is to use the truck for 5 years and then replace it. At the end of its useful life, the truck is expected to have a salvage value of $10,000. Prepare the dep..
compute the amount of cash to be reported in the balance sheet.the controller for clint eastwood co. is attempting to
Analyze trends in the ending cash balance over time. Compute trends in interest returns on investments. Analyze cash balances, and changes therein, in relation to new or retiring debt obligations.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd