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Question - Kisei Company was organized on January 1,n 2013 with 100,000 shares authorized with P100 par value. On same date, the entity issued 75,000 shares at P140 per share and on December 31, 2013, it purchased 5,000 shares at P110 per share to be held as treasury. The entity used the par value method of recording treasury shares. What is the balance in the share premium account arising from treasury share transaction on December 31, 2013?
Wal-Mart Corporation is the largest retailer in the world
During the tax year 2018, he had a net profit of $150,000. What is the correct amount of his self-employment tax
Acquisition Costs of Realty the expenditures and receipts below and on the next page are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses.
assuming that joe sixpack inc. has 20000000 to invest which of the above companyu2019s bonds should the company invest
Record the entry to admit the new partner into the business. Record the entry to allocate the net income to the partners' capital accounts
SlainDunk, Inc. sells $300,000 of 10% bonds on February 1, 2003. The bonds pay interest on August 1. Prepare the journal entries required upon reacquisition.
The customer is a financially strong company which has a reputation of fulfilling its obligations promptly. Is the transaction price of the contract a fixed
1. The primary objective of financial accounting is: 2. Apatha Company has assets of $600,000, liabilities of $250,000 and equity of $350,000. It buys office equipment on credit for $75,000. The effects of this transaction include:
We have two possible ways that Edwina could purchase her car; she could pay for it outright from her savings. Or, she could get a loan to pay for the car. What are the benefits of purchasing the car outright include or getting a loan? Is there ano..
Assuming that Carla's net income is $104,600 in 2017 before reporting any securities gains or losses, determine Carla's net income for 2017
Determine the Carrying amount of the manufacturing plant as of completion of construction. Company A started construction on a new manufacturing
Ramirez generates revenues of $600,000 and expenses of $360,000, what amount should be reported as non-controlling interest
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