Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - At a board meeting in June 2020, Yes Co's directors made the decision to close down one of its factories by 30 September 2020 and market both the building and the plant for sale. The decision had been made public, was communicated to all affected parties and was fully implemented by 30 September 2020.The directors of Yes Co have provided the following information relating to the closure: Of the factory's 250 employees, 50 will be retrained and deployed to other subsidiaries within the Yes group during the year ended 30 September 2020 at a cost of P125,000.The remainder accepted redundancy at an average cost of P5,000 each. The factory's plant had a carrying amount of P2.2 million, but is only expected to sell for P500,000, incurring P50,000 of selling costs. The factory itself is expected to sell for a profit of P1.2 million. The company also leased a number of machines in the factory which have an average of three years to run after 30 September 2020.The present value of these future lease payments at 30 September 2020 was P1 million, however, the lessor has stated that they will accept P850,000 if paid on 30 October 2020 as a full settlement. Penalty payments, due to the non-completion of supply contracts, are estimated to be P200,000, 50% of which is expected to be recovered from Yes Co's insurers. What is the profit or loss on discontinued operations relating to property, plant and equipment for the year ended30 September 2020?
An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in
From the following list, identify whether the change in the account balance during the year would be reported as an operating (O), an investing (I), or a financing (F) activity or not sepa- rately reported on the statement of cash flows (N). Assum..
phelps canning company is considering an expansion its current income staement is sales 5000000variable expenses50 of
Process cost journal entries - Journalize the cost of transferred-in materials, the conversion costs, and the costs transferred out to Finished Goods
johns car was completely destroyed by a fire in 2010. its cost and fair market value were 8000. johns claim against
Disk City, Inc. is a retailer for digital video disks. The projected net income for the current year is $2,320,000 based on a sales volume of 230,000 video disks. Disk City has been selling the disks for $19 each. The variable costs consist o..
East Company acquired 30% of the stocks of West Company for $20 million in cash. Calculate the Investment in West Company, reported on East's December 31, 2018
Question - Discuss the distinction between ethical and legal conduct and why they matter equally in the accounting profession
In 2012, Bronze Company had operating profit of $75,000 ($125,000 operating income - $50,000 operating expenses). In addition, Bronze had a short-term capital.
On July 1, 2017, Vinson Corporation acquired Carley Company for $900,000 cash. Compute the amount of goodwill acquired by Vinson.
Course objectives: define the fundamental principles of accounting to describe basic business transactions
Razz Corporation's common stock is currently selling on a stock exchange at $170 per share, What is current market value of this corporation common stock
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd