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Problem - Wonderful Company had 250,000 ordinary shares outstanding all throughout 2019. In 2020, share issuances occurred:
On March 31, 20,000 shares were issued for cash.
On October 1, a 109% bonus issue (share dividend) was declared.
On November 2, a 2-for-1 share split was issued.
Wonderful had the following profits after tax: P2,400,000 in 2020 and P2,000,000 in 2019. What is the earnings per share in year 2019?
Compute the predetermined overhead rate under the current method of allocation and determine the unit product cost
What would have been the amount of net income or net loss? If required, use the minus sign to indicate a net loss.
How would the entry differ if the dividend were a liquidating dividend
Prepare, in good form, a Statement of Net Position for Southern State University as of June 30, 2015
Fairfax Company uses weighted-average process costing to account for its production costs. Compute both direct labor cost and direct materials cost assigned
Ocean City Kite Company manufactures & sells kites for $9.00 each. Compute the dollar amount of Ocean City Kite Company's fixed costs.
The annual interest rate on mortgage payable was 9.25%. What is the adjusted journal entries for this problem ( round to two decimal places)
During 2010, Robin Wright Tool Company purchased a building site for its proposed research and development laboratory at a cost of $60,000. Construction of the building was started in 2010. The building was completed on December 31, 2011, at a cost o..
Determine the assignment of costs to goods transferred out and in process
The current market rate is 8%. Prepare the journal entry to record each semiannual interest payment
If at least an 9% return on this investment must be earned, compute the net present value
In year 1 Laylor Company has revenues of $100,000, advertising expense of $22,000, depreciation of $15,000-what is expected for last four years. The cost of capital is 10%.
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