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Question - Action Company acquired an investment property with an installment price of P2,500,000. The acquisition of the property requires a down payment of 20% and a non-interest bearing note payable at the end of each year for five years. The prevailing rate of interest for similar instrument is 12%. The present value of an annuity of 12% for four periods is 3.605. Action Company incurred transaction costs amounting to P45,000 for the property. What is the cost of acquiring the property?
If the company uses the last in, first out inventory costing method, calculate the amount of ending inventory on December 31
What method or methods of amortization are to be applied in the write-off of capitalized computer software costs?
ABC Inc has following information available for one of its divisions: If ABC requires a minimum return on its investments of 30 per cent what is residual income
exercise 10-15 algorithmicrevision of depreciationa building with a cost of 765000 has an estimated residual value of
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today stella withdraws 10000 from her savings account. each subsequent annual withdrawal is 100 higher than the
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gioia company acquired some of the 65000 shares of outstanding common stock no par of tristezza corporation during 2011
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Prepare the income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for Bozeman Corporation's 2014 fiscal year.
buse corporation is investigating buying a small used aircraft for the use of its executives. the aircraft would have a
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