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Question 1 - Crest Corporation established its Poblacion branch in 2019. Merchandise costing P120,000 is shipped to this branch. During the initial year, the home office acquires an equipment for P80,000 to be carried in the branch books, and the branch maintains physical possession and use. The equipment has a useful life of 4 years. The branch sells 60 percent of the inventory for P100,800 on account and subsequently collected half of the amount. The branch remits 80 percent in cash to the Home Office. What is the correct Home Office account balance on the records of the branch?
Question 2 - On January 01, 2020 Kit Company, Inc. establishes a branch in Bauang. During the year, Kit Inc. transfers cash and merchandise to the branch worth P15,000 and P45,000 respectively. Freight was paid by the home office worth P1,500 included in the cost of merchandise. The home office also incurred P5,700 expenses of which 30 percent was allocated to the branch. On December 31, 2020, the branch incurred a loss of P4,000. What is the balance of the branch account as per home office books?
A works for B company. A receives an annual salary of $1000 per weekly. What is the weekly journal entries to A for annual leave entitlement
Use this information to determine the carrying value of this bond issue after adjusting entries have been made on June 30, 2019
Sales commissions, KD 40,000; plant supervision, KD 94,000; and administrative expenses, KD 185,000. Hillside's period costs total
A 15-year Treasury bond is issued with face value of $1,000, paying interest of $64 per year. What is the bond coupon rate
Assuming the investment under consideration is K1M, provide an estimation of the daily VaR at 5% level of significance using the Variance-Covariance method
The compensating balance is not legally restricted as to withdrawal. What total amount should be reported as cash and cash equivalents on December 31, 2015
prepare the journal entry or entries Molina Company should record during 2011 to adjust for the change and/or error
Sedona Systems issues bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds have a $45,000 par value and an annual.
what trends in the environmental forces social economic technological competitive and regulatory work for andor work
Compute the beta value for each stock and plot the characteristic lines of the 2 companies on 2 graphs. Compute the correlation coefficient for the 2 stocks.
Determining whether a primary authority is relevant, that is, sufficiently factually similar to the case of the taxpayer to be of use.
Determine the Working Capital and Current Ratio.For the FY 2016, Alpha Company's balance sheet included the following current items: cash $40,000
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