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Question - Twin Peaks Limited (TPL) has income taxes payable of $265,000, PST payable of $200,000, net GST payable of $174,000, accrued vacation payable for employees of $860,000, royalties do to the BC government of $30,000, estimated lawsuit liability of $500,000, Asset Retirement obligation of $176,000, estimated warranty liability of $126,000.
What is the value of TPL's financial liabilities (itemize if required) and what conditions must exist in order to be classified as a financial liability?
Assume that there were no allocations established at the date of acquisition. What is the total amount reported on the consolidated balance sheet
What the balance of Accumulated Other Comprehensive Income that is reported on the balance sheet on December 31, 2018.?
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On December 31 of the current year, Plunkett Company reported an ending inventory balance of $210,000. Compute the amount that Plunkett should report
Stephen also receives a $25,000 scholarship that pays for his tuition, fees, and books. What amount does Stephen include in his gross income
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for example wages and salaries should be 20700 plus 15.00 per repair-hour. the company expected to work 3000
The company's annual fixed expenses are $40000. Calculate the break-even sales revenue. Use the contribution margin ratio in your calculation
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