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Problem - Calamansi Company made the following acquisitions during 2021: - Purchased a new machine on a deferred payment basis. A down payment of P500,000 was made and 4 monthly installments of P1,000,000 are to be made at the end of each month. The cash price of the machine was P3,900,000. The entity incurred and paid installation cost amounting to P150,000.
Acquired a tract of land in exchange for 20,000 shares of Cherries Company with P200 par value on the date of acquisition. The last property tax bill indicated assessed value of P2,000,000 and original cost of P1,500,000 for the land. What is the total amount to be capitalized as cost of the land and machine?
Sale amounts (Cost) of $1000 and over earn 5%. What is an IF excel function that will satisfy these 3 constraints? The response must be typed.
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If the actual factory overhead totaled $141,800, determine the over- or underapplied amount for the month
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On 1 January 2015, Bad Ltd acquired all the assets and liabilities of Wolf Ltd. Prepare the journal entries to account for the impairment loss at 31 December
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Your sister is getting a redundancy package and is planning to start her own business. Provide an overview of three types of ownership structures
What would Delaware's direct materials cost be if it used a flexible budget for the period based on actual sales? (Do not round your intermediate calculations.)
you are considering a project with an initial cost of 7500. what is the payback period for this project if the cash
Use this information to determine, how much Benny Company should report for its investment in Tom Company on December 31, 2018
Prepare the corresponding ledger record. On May 20, machinery and equipment were purchased for um.150,000.00 of the total, um.89,000.00
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