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Problem 1: On January 2, 2020, Magsaysay Company sold equipment with a carrying amount of P400,000 in exchange for a P600,000 4-year non-interest-bearing note due January 2, 2024. There was no established exchange price for the equipment. The prevailing rate of interest for a note of this type at January 2, 2020 was 10%. What is the carrying value of the note receivable as of December 31, 2022 Statement of Financial Position?
Nickle Company reports net income of $800 million for its fiscal year ended January 2017. What is Nickle's return on assets (ROA)
which question should not be important in evaluating the value of training?was the cost of training within the
Explain the difference between financial reporting and financial statements
Prepare an amortization table showing the allocation of each of the four semiannual payments between interest expense and reductions in the principal amount of the note.
For each variable you identify, explain its impact on cash flow. Provide examples to support your points. What are benefits of accurately predicting cash flow
How much overhead cost is allocated to the Order Filling activity cost pool under activity-based costing
What is the balance in the Investment in Harrison account found in the financial records of Puckett as of December 31?
Dec 1 John Trap invested $60,000 cash in the company for common stock.2Purchase office equipment for $17,500 cash.2The company rented furnished office space.
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The company leased a portion of its building for Php 480,000. Give the effect of the errors in the 2017 working capital
Evaluate Jake's plan.
Based on the company's collection history, 2% of credit sales are uncollectible, Total budgeted cash receipts in February 2014 are expected to be
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