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Problem 1: On January 1, 2014, Sinister Company purchased 50,000 ordinary shares for P3,600,000 to be classified as nontrading. On December 1, 2014, the entity received 50,000 stock rights. Each right entitled the holder to acquire one share for P85. The market price of share was P100 immediately before the rights were issued and P90 immediately after the rights were issued. The entity sold the stock rights on December 31, 2014 for P15 a right. What is the gain on sale of rights?
Were the dividends on common stock and/or preferred stock? What was the amount of each?
What is the grocer's markup based on cost for this product? A grocery store chain receives a 7.5% trade discount from Ejner's Authentic Amish Salsa Company.
At the end of each of four years of college your weight was 205lbs, 200lbs, 207lbs, and 215lbs, respectively. What is the compound annual growth rate in your weight from the end of high school to the end of college?
The S corporation earned ordinary income of $12,000 in 2018. The corporation had no accumulated E & P. What should be the amount of capital gain for Ron
In this exercise, you are playing the role of a researcher that is testing new medication designed to improve cholesterol levels. When examining cholesterol in clinical settings, we look at two numbers: low-density lipoprotein (LDL) and high-densi..
Bender Company pays $7,200 for the first 12-month rental period on October 1 of the current year. How much can Bender Company deduct in the current year
Income and loss is shared according to the ratio of equity balances. The journal entry to record the withdrawal of Norton would NOT include
durden co. has 10 par value 10 cumulative preferred stock. there are 10000 shares issued and outstanding of the
Let vG2 =0 and vG1 = vid . Find the value of vid that corresponds to each of the following situations: (a) iD1 =iD2 =0.08 mA; (b) iD1 =0.12 mA and iD2 =0.04 mA;
Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries
suppose you are a manager in a manufacturing company. your accountant has just presented you with a very detailed cost
Do schedule in good form showing the proportionate equities of each of the Investment Pool Fund's two participants before the Bingham CSD's $200,000
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