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Question - At the beginning of 2020, VIXEN Company leased an equipment with the following information: Annual rental payable at the end of each year 450,000; residual value guarantee 50,000; Lease incentive received 20,000; Lease term 4 years; Useful life of the equipment 8 years; implicit interest rate 10%; present value of an ordinary annuity of 1 at 10% for 4 periods 3.17; present value of 1 at 10% for 4 periods 0.68. What is the cost of right of use asset?
Distribution cost of premium is P5. Experience indicates that only 30% of the coupons will be redeemed. What is the premium expense for 2018
Growth in dividends is expected to be 5.3% per year for the foreseeable future, and investors require 14.2% return. Using a DDM model, what is the fair price
a companys flexible budget for 17000 units of production showed sales 68000 variable costs 25500 and fixed costs 20000.
Marin Corporation operates in an industry that has a high rate of bad debts. What is dollar effect of the year-end bad debt adjustment on the before-tax income
1. evaluate the importance of the igce.2. examine the reasons for confidentiality of the igce. propose two 2 actions
Record the transactions using Periodic Inventory System. Sold merchandise to various customers, P125,000. Cost of merchandise sold, P65,000.
a popular product of loring glassworks is a hand-decorated vase. the companys standard cost system calls for .75 hours
Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $10,500,000
Arthur owns a rental property with an adjusted basis $100,000. What is arthur's realized on this transaction
The total payroll of Varsity Company for the month of October, 20X1 was $800,000, What amount should Varsity record as payroll tax expense
Prepare journal entries to record the events related to the copyright and sales of the book during 2016 and 2017, assuming that sales were as projected
Compute how many ways can select n elements from N elements.Assume each repetition is independent of the others. What's the probability of three successes?
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