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Question - On January 1, 2014, NFL purchased equipment to be used for mixing its products at a cash price of P500,000. In addition to the cash payment, the entity incurred the following cost: freight cost - P20,000; assembly cost - P30,000; cost of trial runs - P50,000; removal cost of old equipment- P60,000; nonrefundable import duties - P40,000; creditable value added tax - P60,000; insurance of the equipment for the year 2014 - P10,000. What is the total cost of equipment to be capitalized by NFL on January 1, 2014?
Determine the contribution margin by glass type and the total company income from operations for the budgeted units of production
The board agreed to lend him the money. Comment on the decision of the board of directors in this situation
the cash account for santiago co. on may 31 2011 indicated a balance of 15515.00. the march bank statement indicated an
Describe the IRS audit process and identify common red flags on tax returns
Kerry has $30,000 of adjusted gross income. How much can Kerry claim as a casualty loss on her tax return? Please explain
Separating the custody of assets from accounting for assets is a part of which element of internal control
Discuss the difference between a subsequent event and a subsequent discovery of facts. Next, determine the auditor's responsibility for each event after.
vopat inc is a retail store operating ina state with a 5 retail sales tax. the state law provides that the retail sales
vorteck inc. manufactures snowsuits. vorteck is considering purchasing a new sewing machine at a cost of 2.5 million.
Towson expects that 1,600 and 1,950 book cases will be built in June. Find number board feet of lumber that Towson Company should buy in June
After receiving 21 different setups, the management of Oak Creek Stadium has decided on the attached ER diagram and instance tables for the development of a database to keep track of its operations.
During the current year a company provides services on account for $180,000. Determine amount of operating cash flows the company will report in current year
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