Reference no: EM132760200
Marie Company had a 10% P3,000,000 specific construction loan and 12% P25,000,000 general loan outstanding during 2019 and 2020. The entity began the self-construction of a building on January 1, 2019 and was completed on December 31, 2020.
The following expenditures were made during 2019 and 2020:
January 1, 2019 4,000,000
April 1, 2019 5,000,000
December 1, 2019 3,000,000
March 1, 2020 6,000,000
Problem 1: What is the cost of the building on December 31, 2020?
a. 18,000,000
b. 20,988,000
c. 20,100,000
d. 19,980,000
|
What is the variable overhead efficiency variance
: The following standards for variable manufacturing overhead have been established for a company that makes only one product.
|
|
How much interest expense will Whitmore Corp recognize
: How much interest expense will Whitmore Corp recognize on December 31, 2019 when they make the first interest payment
|
|
Determine the cost recovery deductions
: Determine the cost recovery deductions (including first year additional depreciation) that Javier Sanchez can claim with respect to this asset in 2019 and 2020
|
|
What tools are used in the industry
: What tools are used in this industry? Is it a safe form of investment? What type of returns are expected? Is currency trading something you might consider?
|
|
What is the cost of the building on december
: What is the cost of the building on December 31, 2020? Marie Company had a 10% P3,000,000 specific construction loan and 12% P25,000,000 general loan
|
|
Determine the amount of gain or loss that will be recorded
: For each situation, determine the amount of gain or loss that will be recorded on the company's statement of comprehensive income
|
|
Journalize the given data until maturity date
: On January 1, 2019, Dela Cruz Company purchased land for 500,000 by issuing a 5-year non-interest bearing note payable in five equal annual payments every.
|
|
Find what amount should be recognized as gain on reversal
: As a result of the share appreciation rights, what amount should be recognized as gain on reversal of share appreciation rights in 2020?
|
|
List the distinctive features of trompenaar model
: List the distinctive features of Trompenaar's model of cultural difference.
|