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Question - At December 31, 2021 and 2022, Jay Mart Company had outstanding 4,000 shares of P100 par value, 12% cumulative, fully participating preference shares and 20,000, P10 par value ordinary shares. At December 31, 2021, dividends in arrears on the preference shares were P24,000. Cash dividends declared in 2022 totaled P108,000.
1. What is the total amount of dividends payable to preference shareholders?
2. What is the amount of dividend payable to each ordinary share?
Compute depreciation expense for 2019 and 2020 using the Sum-of-the-years'-digits method and Double-declining-balance method
Office salaries of $2,800 are unpaid and not recorded at 30 June 2021. Prepare a detailed income statement for the year ended 30 June 2021
How would this agreement be reported on White's December 31, 2019, balance sheet (assume the note payable is short-term)
the following information was available for pete company at december 31 2014 beginning inventory 90000 ending inventory
quantum technology had 640000 of retained earnings on december 31 2010. the company paid common dividends of 30000 in
Which one of the following is a characteristic of a business combination that should be accounted for as a purchase?
Implicit interest rate 8%Present value of an annuity of 1 in advance at 8% for 5 periods 4.31. What total amount should be reported as interest expense
What is the tax benefit received in the first year for a laptop purchased for $1,000 with a salvage value of $100 if it has a useful like of 4 years
The trial balance of Bellemy Fashion Center contained the following accounts at November 30, the end of the company's fiscal year
It also pays a total of $1,440,000 in construction costs this amount consists of $1,354,500 for the new building and $85,500 for lighting and paving a parking area next to the building. Prepare a single journal entry to record these costs incurred..
On July 1, 2002, Big acquires 100% of Little. Both companies have a fiscal year end of 12/31/02. At 12/31/02, how much of the fair market value adjustment associated with inventory should be amortized?
Partner A receives a liquidating distribution of $150,000 in cash. How would you characterize the total of $50,000 gain from this liquidating distribution
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