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Question - Polar Company issued 20,000 new P_100 per ordinary shares at a fair value of P180 each. The entity incurred professional fee of P400,000 and internal management time of P300,000 in managing the process in relation to the share issue. What is the increase in equity as a result of the issuance of shares?
a. 3,200,000
b. 3,320,000
c. 2,900,000
d. 2,970,000
On December 31, the following data were accumulated for preparing the adjusting entries for Bellingham realty. Journalize the adjusting entries required
Explain how to perform a vertical analysis of financial statements. Provide an example of how results of this analysis could be used to make business decision
Conversion cost was 140,000 and was four times the prime cost. Direct materials used in production equaled 5,000
strawberry corporation had a 10111 credit balance in the allowance for doubtful accounts of 23500. during 2011 it wrote
The FASB requires a reconciliation between the effective tax rate and the federal government’s statutory rate. Of what benefit is such a disclosure requirement?
Nicholas states that the least he will take for the business is an amount equal to the business's stockholders' equity balance on January 31. Compute this amount.
What are John's arguments that he should receive a Harrier Jet because a contract was formed (Look back to Week 4 for a discussion of offer and acceptance)?
Mason Co. issued $900,000 of four-year, 12% bonds with interest payable semiannually, Determine the present value of the bonds payable
First, locate the financial statement (10 - K Annual Reporting) information for each company (listed below) that you will be investigating for your final.
Discussion- Which of the required financial statements explains the difference between two balance sheet dates?
What is responsibility accounting? For what costs should managers of responsibility centers be held accountable
Basic Process Costing A department of Jamestown Textiles produces cotton fabric. All direct materials are introduced at the start of the process.
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