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Question - The Department of Agriculture (DA) purchased five (5) units of E-Jeepney from ABC Motors, Inc. for a total purchase price of 5,280,000. At that time, ABC Motors has promotional sales of "Buy 5 take one free" that an additional unit E-Jeepney costing 450,000 will be given away as promotional item. The applicable tax rate for this purchase is 6% (5% VAT and 1% EWT). What is the cost per unit that should be reflected in the books of DA for the purchase of the motor vehicles?
Financial ratio analysis is useless without comparisons. In doing industry analysis, most business use benchmark companies. Benchmark companies.
What is meant by reliability of evidence and list the characteristics of evidence that affects its reliability. The explanations should be provided with example
Save Handler Company, Training related to the equipment starts once the installation is completed and lasts for 1 year. What is the transaction price?
Compute the net present value using the original estimates, but employing the 9% discount rate that Bob suggests is more appropriate
Accounting is often called the language of business through which a business house communicates with the outside world. In order to make this language intelligible and commonly understood by all, it is necessary that it should be based on certain ..
Pina Colada Corp. had cash and common shares of $80,000. Determine the Accumulated Other Comprehensive Income
Question - Based on the following data for the current year, what is the number of days' sales in accounts receivable
Melcher cur-rently holds those shares in treasury. Prepare the company's stockholders' equity section of the balance sheet to reflect this information
Each ordinary share of ABC sells P 15. How much is credited in the Preference Share Capital Account upon issuance of the shares
Prepare general journal entries (3 journal entries; 1st May 2018 and 30th June 2018) to record the secure of loan and any fluctuation in currency
On March 28, 2020, Kermit Inc. purchased 42,000 shares of Bonobo Inc. for $5 per share. Compute the carrying value of the investment in Bonobo stock
Show the calculation of the amount of the gain or loss to be recognized by Rogers Co and prepare all entries that are necessary on April 3, 2013.
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