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Question 1 - On December 31, 2022, Yvonie Co. issued 100,000 shares of P10 par, 10% cumulative preference shares for P4,000,000. One detachable warrant was attached to each preference share issued. Each warrant gives the holder the right to purchase one ordinary share, P1 par value, for P15. The market value of the warrant after the preference shares were issued was P4. The warrants expire on December 31, 2023. The proceeds to be allocated to the preference shares on December 31, 2022 is?
Question 2 - Kate Corp. purchased 1,000 shares of its P5 par ordinary share at P10 and subsequently sold 500 of the shares at P20. What is the amount of revenue realized from the sale?
At 12/31/07 the general ledger of hoffman electric had the following account balances. All adjusting entries (except forincome taxes @ 35%) have been made.
Explain two (2) advantages and two (2) disadvantages in using both the cash and the accrual basis of accounting - Then, determine the one (1) that you believe provides the most useful financial information to users.
Which of the following trade or business expenditures of Ajax Inc. are deductible on its current year tax return? If an expenditure is not deductible, explain why it is not a valid deduction.
villarente company issued 5-year 200000 face value bonds at 95 on january 1 2012. the stated interest rate on these
Expenditures directly connected to the production of the passive investment income total $100,200. Determine the Tyrone's passive investment income tax
Explain, how the purchase requisition in this case plays an important role in the ordering of inventory. Reference your Parkes et al. text
roddickton manufacturing co. has gathered the following information to develop predetermined oh rates for 2013. the
Prepare the income tax expense section of the income statement for 2021 beginning with the line "Income before income taxes"
An annual coupon rate of 9 percent paid semiannually, and a $1,000 par value. If the current rate of interest is 11 percent, what is the current price
What amount of interest expense related to this project should Besta Energy Co. report in its income statement
Jerome Corp has fixed costs of $500,000 and a contribution margin ratio of 40%. Currently, sales are $3,000,000. What is Jerome's margin of safety
Compute the materials price and usage variances for each type of patient. Compute the labor rate and efficiency variances.
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