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Problem 1: ABC Corporation was organized on January 1, 2019 with issuance of P100 par value 300,000 ordinary shares at total consideration P33,590,000. During 2019 and 2020, the entity reported net income of P5,527,000 and P2,523,000, respectively. At December 31, 2019 and 2020, the retained earnings showed balances of P4,527,000 and P5,300,000. What is the change in the earnings per share?
a. 18.42 b. 15.09 c. 10.01 d. 5.83
Discuss the 2 primary differences between assets on the balance sheet. Discuss reporting requirements for contingencies. Explain 2 contingent liability examples
What The entry to record the purchase would include?On July 1, 2010, JBL Products purchased the net assets of DQU Industries for $285,000 cash.
Prepare a direct materials purchases budget for July, August, and September, showing purchases in units and in dollars for each month and in total.
For each of the following tax treatments, determine the concept, construct, or doctrine that provides the rationale for the treatment:
what is the amount of variance that is attributed to the difference between the budgeted and actual wage rate per
Compute ROE using financial information provided in the balance sheet and income statement
john dies and his estate receives a distribution from his employers qualified pension plan of 2 million dollars
The note is discounted at 12% on January 18. What is the maturity value of the note? Prepare journal entry to record at the date of maturity
New Machine A new $300,000 machine is expected to have a 5-year life and a terminal value of zero. It can produce 40,000 units a year at a variable cost.
for this we must do tasks related to a retail store selling dvds. this business is relatively simple with approximately
Ethics requirements of the Board of Accountancy for the State in which you intent to pursue CPA licensure. Current trends and events illustrating the importance of ethics in the accounting profession.
Describe in outline form the process of sales cycle testing, including which business forms you would likely use.
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