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Problem - On January 1, 2019, VWX Corporation sold equipment posting P380,000 with accumulated depreciation of P160,000 on the date of sale. Adobe received as consideration for the sale, a P400,000, non-interest bearing note, due January 1, 2022. There was no established exchange price for the equipment and the note had no read market. The prevailing rate of interest for a note of this type at January 1, 2D19 was 10%. The present value of 1 at 10% for three periods is 0.75. What is the notes carrying amount at December 31, 2019?
Sand River Sales has a fork truck used in its warehouse operations. What is the remaining useful life after the major repair
Why is resistance to change frequently demonised as a problem that must be managed'' what are the ethical implication of this and how else can resistance be understood''
Rube Corporation had the stockholders' equity accounts on January 1, 2011: Common Stock ($5 par) $400,000, Paid-in Capital in Excess of Par Value
The store sold 2,900 toy trains during the year. What was the company's ending inventory under the LIFO) Last-In, First-Out) period inventory costing system
If the inflation rate is expected to be 5 percent for the first year, calculate the average annual rate of inflation for years 2 through 4
ABC Company sold P 500,00 worth of inventories with trade discounts of 10%, 15%, 25%, terms: 2/10, n/30. How much is debited to accounts receivable
dunn is a large local accounting firm located in a southwestern city. carlos ruiz one of the firms founders appreciates
Discuss your preference for either cash dividends or stock dividends, and support your position with real-world examples of the advantages of your preference.
cindy operates a computerized engineering drawing business from her home. cindy maintains a home office and properly
Define the nature of right issue and analyze any two drawbacks to shareholders. Define the nature of right issue and explain two disadvantages
materials 10896labor 33369variable overhead 21792fixed overhead 45400total 111457gruner also incurs 6 sales commission
Explain why you selected these ratios - Create a comparison chart for these 12 ratios for 2 years for each company. Explain how you calculated each ratio
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