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Question - Company reported the following equity accounts in January 1, 2020: 130 Share Capital, P20 par 8,000,000 Share premium 2,550,000 Retained earnings 1,275,000 All shares outstanding on January 1, 2020 were issued in 2019 for P26 per share. On December 31, 2020, the entity reacquired 20,000 shares at P24 per share and retired them. Immediately after the shares were retired, what is the balance of share premium?
What are the inventory characteristics that would allow a company to use the specific identification method? Give at least two examples of inventory
Tom and Jerry equally contributed US$ 1,000,000 as their share of capital in the business on 1/1/2012. They decided to keep the capital in the Company's bank account.
Software saves its owner $15,000 from the second year. Make analysis for years till the system net value becomes positive. Assume a present value discount
Use this information to determine the dollar amount that Brunswick will report on its fiscal year 2018 Balance Sheet for Paid in Capital Treasury Stock
Bogus Co. exchanged Building 42 which has an appraised value of $4,800,000, a cost of $7,590,000, and accumulated depreciation of $3,600,000 for Building X belonging to Good Co. Building X has an appraised value of $4,512,000, a cost of $9,030,000, a..
Prepare one journal entry to summarize all accounts written off against the allowance for doubtful accounts in 2017. Prepare entries to record the $24,000
ACT204 FINANCIAL ACCOUNTING ASSIGNMENT. Prepare the Journal entries for the years ending 30 June 2020 and 30 June 2021 in the books of: (a) Bakewell Lt and (b) Driver Ltd
Differentiate and compare similarities of the two classification of lessor accounting for finance leases, direct financing and sales type lease.
Find What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2020?
In addition, Bank of America had earnings per share of $4.05 and dividend per share was $1.95. Determine Bank of America's dividend yield. Round to one decimal place.
Mailings Review View Help et can contain viruses. Enable Editing res of Word will be disabled. Reactivate four-ounce portions. What is the conversion factor?
The stock valuation model, P0 = DIV1/(kc - g), cannot be used for firms that have expected negative, but constant, growth rates. True or False?
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