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Question - The net assets of Ace Inc. excluding goodwill totaled P2,400,000 and earnings for the last 5 years totaled P2,670,000. Included in the latter figure are gain on sale of equipment P225,000, typhoon loss of P120,000 and sales commission of P45,000. In developing a sales price for the business a 14% return on the net worth is considered normal for the industry, and the annual excess earnings are to be capitalized at 20% in arriving at goodwill. What is the amount of goodwill?
Machine B could be purchase for $ 12,500. It also will last 10 years, Calculate the present value of machine A & machine B
The differences in the accounting treatments of depreciation and cost depletion.
What is the difference between long-term liabilities and current liabilities - What is the amount of depreciation expense and Book Value of the assets each year?
What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise? How would these transactions differ with a periodic versus a perpetual inventory system?
Burt's adjusted basis for his interest in the Cobra Partnership was $6,000 at the time he made a contribution of land. What is Burt tax basis in his partnership
Temperance is now preparing an estimate for monthly 20000 units on the basis of data presented. Compute the most accurate sales forecast possible
mueller corp. manufactures compact discs that sell for 5.00. fixed costs are 28000 and variable costs are 3.60 per
Last year, Pastis Productions reported $ 100,000 in sales and $ 40,000 in cost of goods sold. The company estimates it would have doubled its sales and cost of goods sold had it allowed customers to buy on credit, but it also would have incurred $ 50..
Compare two (2) job positions from the episode and perform a job analysis of each position. Describe your method of collecting the information for the job.
The Company received the bank statement for the month with an unadjusted balance of P944,000. How much is the unadjusted book balance
keller corporation the lessee entered into an equipment lease with dallas company the lessor on january 1 of year 1.
The new equipment will cost $520,000 to purchase and a further $130,000 to install. Calculate the net present value of the new equipment
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