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Question: A Company holds 30,000 ordinary shares of ABC Inc. as trading securities. On December 31, 2020, ABC declared P10 cash dividend for shareholders of record on March 1, 2021 to be paid on March 31, 2021. On February 15, A company sold 20,000 shares for P1,950,000 including the dividend. The trading securities has a carrying amount of P2,700,000 at the date of sale. What is the gain or loss on the transaction?
At the end of 2016, Sheffield Corp. has accounts receivable of $696,800 and an allowance for doubtful accounts of $23,140.
Identify the various revenues, expenses, costs, expenses, and cash flows. If a manufacturing company and investment deals with projects.
a. Office Store has assets equal to $123,000 and liabilities equal to $47,000 at year end. What is the total equity for Office Store at year end?
Calculate the ending tax basis in stock of Brushy Mountain road for each shareholder and provide the ending Earnings and Profit of Brushy Mountain Inc.
Assume that TSA, Inc. entered into a contract with client Anon for $230,000 on January 1, Determine the number of performance obligations
His daughter is currently 3 years old. How much will Lawrence need to invest today, at an interest rate of 8% compounded semiannually?
The net assets (capital) of Matt Parkman was P125,000. If an accounts payable of P11,700 was paid, what is the new balance of Parkman's net asset?
Eryl decided to become a full time artist and paint portraits of people. What is the closing equity amount based on the Statement of financial position?
calculate the number of units of each candle that Prospector should produce to maximize its profit
martin corporation is considering two alternatives to finance its purchase of a new 4000000 office building.a issue
Compare and contrast an income statement and a balance sheet. Why would a marketing manager find the income statement more useful than the balance sheet?
if the required direct materials purchases are 18000 pounds the direct materials required for production is three times
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