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Problem 1: 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?
Problem 2: Rent income of P600 is collected in advanced. This is applicable for a six-month rental period ending January 31, 2021. The balance sheet to be prepared is dated December 31, 2020. If the pre-collection was recorded under the income method, the liability to be recorded would be
After a loss from discontinued operations of $40,400 (net of tax). What earnings per share data should be reported at the bottom of its income statement
A contractor has a contract to remove and replace the existing landscape and sidewalks around an office building. The work includes demolition of the existing.
What is goal incongruence? How can an organization use its management control system to reduce the likelihood of having goal incongruence
What journal entry would be made on September 30 for wages owed to Cindy? What journal entry would be made when she is paid on October 7?
The market rate of interest on the issuance date was 3%. What is the carrying value of the bonds at the end of the first year
Assume, instead, that LuCo's December 31, 20X4 ending inventory is 300 units; What is LuCo's December 31, 20X6 ending inventory
Prepare reconciliation from the opening balances to the ending balances of the defined benefit obligation and plan assets for the year ended December 31, 20X6
Then, discuss the range of jobs in the field of accounting and identify the basic skills / trainings that one should acquire in order to pursue a career.
Write down the difference between a contango market and a backwardation market. What exactly is meant by a basis?
Mr. Brightside Company purchased machinery costing $146,000. Prepare the necessary entries for 2019 and 2020 assuming Mr. Brightside has a December 31 year-end
frantic company had 130000 in sales on account last year. the beginning accounts receivable balance was 10000 and the
Ratio Analysis: Diviney Corporation's net sales and average net trade accounts receivable were $8,710,000 and $630,000, respectively.
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