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Question - On December 31, 2020, the shareholders' equity of BSA Corporation showed 10,000 authorized shares P1,000 par value 6% Preference Share, 1,000 shares issued and outstanding; Share Premium-Preference P300,000; 500,000 shares P5 par value Ordinary shares authorized, 200,000 shares issued, 190,000 shares outstanding; Share Premium-Ordinary P400,000, Retained Earnings P500,000 and Treasury Stock P100,000. No dividends were declared in 2018 and 2019. The treasury shares were reissued at P12 per share. What is the total balance of share premium?
A) P770,000
B) P700,000
C) P820,000
D) P720,000
The Slicing Department production process shows: Beginning Work in Process 10,000 Units. How many units were started into production in Department 1
Early in 2021, the company changed its depreciation method to the sum-of-the-years'-digits (SYD) method. Prepare any 2021 journal entry related to the change
Jerry transfers two assets to a corporation as part of a Sec. 351 exchange. The first asset has an adjusted basis of $70,000 and a FMV of $50,000. The second asset has an adjusted basis of $70,000 and a FMV of $150,000. The FMV of the stock receiv..
Nike corporation earnings per share in 2005 were $4, and its growth rate during 5 years was 9 % per year. How long would it take for Nike earnings per share
Using traditional absorption costing, calculate the full production cost perunit and the profit per unit for each product. Comment on theimplications of the figures calculated.
pool companys variable expenses are 36 of sales. pool is contemplating an advertising campaign that will cost 20000. if
Question - Calculate FUTA Tax - For each of the following independent circumstances, calculate the FUTA tax owed by the employer
if a publishing companys publishing a monthly periodical unearned revenues included 1200 one-year subscriptions at 36
How does EVA differ from residual income?
you are buying a boat and shipping around. big boats is willing to drop the list price from 15000 to 11250. however
Does the company have significant off-balance-sheet assets and liabilities? Would recording these assets and liabilities on the balance sheet change your view?
What is the dollar effect of the year-end bad debt adjustment on the before-tax income?(CMA adapted)
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