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Problem 1: On January 1, the assets were P500,000 and the liabilities were P200,000. During the year the assets increased by P100,000 and the liabilities decreased by P50,000. Owner's equity on December 31 was : a. P300,000
b. P350,000
c. P250,000
d. P450,000
What is the future value of the initial $2,000 deposit after 5 years? We assume current interest rate is = 12%, compounded quarterly.
Were GE and Boeing bonds issued at a premium or a discount and explain how bonds, both paying the same contractual interest rate, could be issued at different prices.
Capilla Company experienced an unfavorable sales volume variance and an unfavorable sales price flexible budget variance. Which of the following is a logical explanation for these variances?
Avoiding probate is a primary concern for Malek. Which of the following assets will be subject to probate? A personal residence owned JTWROS with a child.
A taxpayer had an investment with an adjusted basis of $125,000, subject to a mortgage of $75,000. When the property had value of $375,000, it was exchanged for another parcel of land, which the taxpayer is similarly holding for investment. How much ..
Assume this education cost grows with an annual inflation rate of 6%. How much will the college education cost per year when the child turns 18?
Determine the cash flow for Operating, Financing and Investing activities for the company and calculate the net change in cash
Cullumber issued $380,000 of 5%, 5-year bonds on January 1, 2021. Interest is payable semi-annually. Calculate the price of the bond: (a) 4%
What annual lease payment should Kerrigan charge Alina? The 5-year lease calls for equal annual payments at the end of each year.
On February 25, Madison County Rocks Inc., a marble contractor, issued for cash 120,000 shares of $36 par common stock at $40, and on June 3, it issued for cash 50,000 shares of $8 par preferred stock at $9. What is the total amount invested (total p..
what was the percentage change in total net revenue? Who was chair of the board of directors at the same time the audited annual financial statement was issued?
The last deposit of the month, for $867.91, was made as a night deposit on April 30. How do you create bank reconciliation for April
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