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Question - Tangerine Company acquired P3,000,000 face value 10% bonds as financial asset at amortized cost, on June 30, 2018 for P3,210,000, excluding brokerage of P150,000 and accrued interest. The bonds pay interest semiannually on May 1 and November 1. The remaining life of the bonds on the date of acquisition is 3 years. Straight-line amortization is employed. On December 31, 2018, the bonds were sold for P3,500,000 plus accrued interest. What is the gain on the sale of the bonds?
the definition proposed by the american society for quality control a process-based definition of quality a
At its $35 selling price, Pacific Company has sales of $35,000, variable manufacturing costs of $4,000, What is the company's contribution margin per unit
Over many years, Jake and Jo Bob built up a barbeque ribs business, Hambones, Inc., which caters picnics and parties and sells ribs and corn at county fairs.
If the company had used double-declining balance, how much lower would total assets be on the company's December 31, Year Two balance sheet
to expand operations aragon consulting issued 1000 shares of previously unissued common stock with a par value of 1.
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Based on information contained in these financial statements, determine the following for each company.
The only difference between the methods is timing; when is the sale recorded? Also, if sold on credit, when do we expect to see money?
czaplinski corporation is considering a project that would require an investment of 373000 and would last for 6 years.
Compute the selling price of 11.00%, 15 year bonds with a par value of $200,000 and semiannual interest payments. The annual market rate for bonds is 8.0%
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