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!
Problem 1: Castle Over Hill Corp. had 400,000 ordinary shares outstanding on January 1, issued 600,000 shares on July 1, and had income applicable to common stock of P1,200,000 for the year ending December 31, 2017. In addition the Company has a bond amounting to P2,000,000 with an interest rate of 2% at the beginning of the year convertible to 100,000 ordinary shares. Income tax rate for the year 2017 is 30%. Earnings per share of ordinary shares for 2017 would be
a. 1.17
b. 1.71
c. 1.54
d. 1.75
The dean of the School of Fine Arts is trying to decide whether to purchase a copy machine to place in the lobby of the building. The machine would add to student convenience, but the dean feels compelled to earn an 10 percent return on the investmen..
Write a brief (minimum 3 paragraphs) analysis and comparison of the income statement items and differences between the two. Be sure to explain why the common-size statement is helpful in this analysis.
Most auditors believe that financial statements are "presented fairly" when the statements are in accordance with GAAP, and that it is also necessary to: Determine that they are not in violation of FASB statements. Examine the substance of transactio..
Cullumber uses the diminishing-balance method at one times the straight-line depreciation rate, has an August 31 year end, and makes adjusting entries annually.
Middy Garden Services owes Clean It Machines R5 000. What is the net asset value (equity) of Middy Garden Services as at 28 February 20.9?
Find and Explain why the cash budget is more important to a bank than the accounting net income when determining a credit decision.
Ritz Company sells fine collectible statues and has implemented activity-based costing. Costs in the shipping department have been divided into three cost pools. The first cost pool contains costs that are related to packaging and shipping and Rand h..
You work as a finance manager for Drill Tech, Inc., a mid-sized manufacturing company located in Minnesota. In the meeting to discuss capital projects
she sold 48 shares, which could not be specifically identified, for $576, and on December 8, 2011, she sold another 25 shares for $100. Illustrate what is her recognized gain or loss?
Jacob earned $80 babysitting and deposited the money into his savings account. The next week he spent $85 on video games. Use integers to describe the weekl changes in C
Prepare adjusting journal entries assuming that the estimate of uncollectibles is determined by using 4% of gross accounts receivable.
Identify and explain what actions the company could take to improve profitability in the future, apart from those already identified by Susan DeMille.
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