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Question - P Company acquired 70% interest in S Company in 2019. S reported net income of P80,000 and P90,000 for 2019 and 2020 respectively. During 2019, S sold merchandise to P for P10,000 at a profit of P2,000. The merchandise was later resold by P to outsiders for P15,000 during 2020. For consolidation purposes, what is the non-controlling interest in net income of S for 2020?
QuikCard processes credit card receipts for local banks. QuikCard processed 1,400,000 receipts in October. What is the cost to process 1,000 receipts
Identify each of these costs as fixed, variable, or mixed - Identifying cost behavior
Which accounts receivable are valued and reported on the statement of financial position at their? gross realizable value. / net realizable value
HIGHER NATIONAL DIPLOMA IN ACCOUNTANCY- ADVANCED COST ACCOUNTING I-ACC 312-Define specific order costing and operation costing.
What is an investment centre? art of a business where management are responsible for decisions regarding the purchase of non-current assets.
Complete the cash budget for January and February below. (List multiple items under receipts, disbursements and financing from largest to smallest amounts, e.g. 10, 5, 2.)
Danielle Company is working on two job orders. The job cost sheets show the following.
The first is a small facility that it could build at a cost of $6 million. Construct a decision tree to help ABC make the best decision
john biggs and patty jorgenson are both cost accounting managers for a manufacturing division. during lunch yesterday
Indicate the amount of amortization expense on December 31, 2017, for Wyle Corporation. Purchased a patent with an estimated useful life of 4 years and a legal
Prepare the entry to record the mortgage loan on December 31, 2011, and the first installment payment.
What is its contribution margin ratio? A company's product sells for birr 150 and has variable costs of birr 60 associated with the product.
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