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Question - Esmeralda Company invested in 60,000 shares of another entity for a total cost of P5,500,000 on January 1 of the current year.
During the current year, the entity received 60,000 right to purchase one share at P80. Five rights are required to purchase one share.
At issue date, rights had a market value of P5 each.
The entity used the rights to purchase 10,000 additional shares of the investee and allowed the rights not exercised to lapse.
A. What amount was debited to stock rights account to record receipt of stock rights?
B. What is the entry to record the purchase of additional shares using stock rights?
C. What is the entry to record the expiration of stock rights?
he company purchases the inventory under the credit terms of 2/15, net 40. APP always takes the discount but takes the full 15 days to pay its bills. Illustrate what is the average accounts payable for APP?
If interest on the RRIF is 9.5% compounded monthly, for how long will Peter receive monthly payments
Should Thunder make or buy the part and why? Thunder company has been producing 15000 units of part 3741 for its products.
Question: Learn about Hobbes's influence on politics during and shortly after his lifetime. What influence did he have then? What influence does he still have?
A machinery was acquired for € 52,000. State if this is a temporary difference or a permanent difference and what is the depreciation value for the year 2016.
Was there something about this particular time period that lead to the discovery of so many frauds? Were there more frauds, or just more discovered? In either case, why did it happen?
TSLA example what is the geometric AVG return or AVG monthly growth rate of Tesla stock over the last 6 months period ending in August 2020?
Cheer and Beer thus concludes that no impairment loss should be required on the machine. Discuss and comment on the impairment of Cheer and Beer's machine
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The adjusted trial balance is prepared...
If the bond will be issued at an effective rate of 9 percent per year, what is the current bond price? Please explain the answer in detail.
Andrews Company has $80,000 available to pay dividends. It has 2,000 shares of 10%, $100 par, preferred stock and 30,000 shares of $10 par common stock outstanding. The preferred stock is selling for $125 per share, and the common stock is selling fo..
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