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Question - Michelle Company had the following share capital issued and outstanding for the entire current year:
200,000 ordinary shares, P10 par 2,000,000
2,000 12% noncumulative preference shares, P100 par, convertible share into ordinary share 200,000
The net income for the year was P1,800,000, and the income tax rate for the year was 30%. In the computation of basic earnings per share, what is the amount to be used as earnings?
At travel limited acquired a two-story building for use as an office on june 30,2012 at $2million. The building is expected to have a useful life of 20 years and a residual value of $100,000. The company used the straight-line method to depreciate th..
The Sales Director has confirmed a sales requirement of 70,000 units of Product A. How many units of Product A will need to be produced?
What effect do these adjustments have on expenses and the company's cash balance in the current year
Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. Suppose information was taken from the 2022 financial statement
If the cost of capital of your business is 10%, and if the company reaches long-term growth by year 3 (at 5%), what is the present value of this business?
Prepare general journal entries to record the depreciation, using the straight-line method, for the period 1 January 2010 to 30 June 2012.
What the value of Bensen's position is? The latest round of financing values Caspian Sea Drinks at $100 million. Bensen owns 32,462 shares.
One year later, at the end of 2019, the clinic had $1,575,000 in assets and $1,380,000 in equity. What was the clinic's growth rate (%) in assets in 2018
180-day interest rate in Malaysia : 8% per annum. Compute the annualised discount or premium on the MYR relative to the USD.
The Morris Corporation has $600,000 of debt outstanding, and it pays an interest rate of 8% annually. Morris's annual sales are $3 million, its average tax rate
The bonds were issued through an underwriter to whom the entity paid bond issue cost of P425,000. June 30, 2020, what amount should reported as bond liability
Any excess of cost over carrying amount is attributable to equipment with remaining useful life of 10 years. Prepare journal entries for the current year
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