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Problem 1: On 1 January 2013 The Pyongyang Company took out a loan of 26 million in order to finance the renovation of a building. The renovation work started on the same date. The loan carried interest at 10%. Work on the building was substantially complete on 31 October 2013. The loan was repaid on 31 December 2013 and 180,000 investment income was earned in the period to 31 October on those parts of the loan not yet used for the renovation. According to PAS23 Borrowing costs, what is the total amount of borrowing costs to be included in the cost of the building?
Option 1: 2,420,000Option 2: 2,166,667Option 3: 2,600,000Option 4: 1,986,667
What should be the Total Goods Available for Sale? Purchase Returns and Allowance, 40,000. Merchandise Inventory - beg, 200,000
If direct labor costs an average of $16 per hour, the company's overhead application rate is
Calculate the break-even point in units and in dollars. Compute the profit in dollars assuming actual sales are $1, 200,000.
Emerson and Dakota formed a partnership dividing income as follows: Annual salary allowance to Emerson of $58,000 Interest of 8% on each partner's capital.
Do you think it is possible that a business manager may perpetrate fraud and still have the company best interest in mind?
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dorsey co. has expanded its operations by purchasing a parcel of land with a building on it from bibb co. for 93000.
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rf company had january 1 inventory of 150000 when it adopted dollar-value lifo. during the year purchases were 900000
What were the standards applied in conducting the audit? (b) Was the audit a Single Audit? (c)How do you know? (d) What reports resulted from a single audit?
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