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Penny-royal ltd acquired an item of plant under a lease on 1 April 2019. an initial payment of $ 2000 000 is paid on 1 April 2019 and the present value of the future lease payments is $ 7 092 000. penny royal ltd will make four further annual payments of $ 2 000 000 paid in advance commencing 1 April 2020, the useful life of the plant is deemed to be 8 years. Penny royal ltd will obtain legal tittle of the plant following the final payment. the interest rate implicit in lease 5%.
Question 1: What is the total charge to appear in the statement of profit or loss for the year ended 31 March 2020?
How might computing the cost driver rate by using the planned level of the cost driver lead to a death spiral? Please explain in 4-5 sentences.
"Corporate Malfeasance" Please respond to the following: Evaluate the difficulties companies are faced in implementing a control framework against fraud under Sarbanes-Oxley (SOX). In your evaluation, discuss how the external financial audit can a..
Develop an estate plan for the Wagners that would minimize estate taxes and incorporate the above factors. The uni?ed transfer tax rates and the 2009 exclusion amounts set forth in the text should be used.
Daycon' president felt that with an aggressive marketing campaign, relocation of some of the locations and with a new corporate name, BL should be able to rebound and return to a profitable position by the end of the year.
Managed Healthcare's current stock price is $25, its next per share dividend (assumed to be paid annually) is forecasted to be $1.00
Record the transactions in the general journal and prepare the stockholders' equity section of the KCAS-TV balance sheet at September 30, 2012.
Warner co has budgeting fixed overhead of $150,000. Practical capacity is 6000 units and budgeted production is 5000 units. During February 4,800 units were produced and 155,600 was spent on fixed overhead. What is the unexpected (unplanned) capacity..
What the aged-payables & aged-receivables reports are. Explains the steps for setting up vendors & customers.
Jenny Kanne and Cindy Travis borrowed $21,840 on a 7-month, 5% note from Golden State Bank to open their business, KT’s Coffee House. The money was borrowed on June 1, 2014, and the note matures January 1, 2015. Prepare the entry to record the receip..
What is the implication of the revenue recognition accounting policy on trade debtors and disbursements and work in progress account balance?
A category of costs that include all the costs associated with the general management of the company is referred to as. Direct labor costs include all of the following except:
The stock, which trades on a regional stock exchange, has a $25,000 FMV on the contribution date. Illustrate what is Yellow Corporation’s charitable contributions deduction for the current year?
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