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Question - A pure trading company only sells tool boards, and in the last year has sold 800 pieces. In the last financial year, the company has made three purchases of goods:
04.03.20: 250 pcs. to DKK 2000 pr. pcs.
05.06.20: 400 pcs. to DKK 1800 pr. pcs.
12.12.20: 300 pcs. to DKK 2200 pr. pcs.
Incoming inventory was 350 pcs. to DKK 1900 pr. pcs.
What is the cost of goods for the boards sold if the average cost price is used?
On January 1, 2019, Jisoo Company purchased 50,000 shares of another entity for P3,600,000. How is the investment income upon exercise of rights
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The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019.
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