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Problem 1: On June 15, 2020, Live Co. received from a customer a one-year, P100,000 note bearing annual interest of 10%. Due to dire need for cash, Live Co. discounted the note at Eastwest Bank at 12%, on January 15, 2021. Assuming that the note receivable discounting is accounted for as a conditional sale, what should be the journal entry made by Live Co. on January 15, 2021?
On January 1, year 1, Dave received 1,150 shares of restricted stock from his employer, RRK Corporation. What are Daves taxes due
Newman Hitchcock is 38 years old today and he wishes to accumulate. What annual deposit must Newman make if the fund will earn 11% interest compounded annually?
Required: For 2017 and then for 2018, calculate the equity income to be reported by Pond for external reporting purposes
Income calculated under variable costing is determined to be $345,000. How much income is reported under absorption costs?
Prepare the journal entry that summarizes Tesla's employee share purchases for the year ending December 31, 2017
linda pays 100000 cash for jerrys frac14 interest in the jill partnership. the partnership has a sec. 754 election
If 15,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?
What is the bond's issue (selling) price, assuming the Present Value of $1 factor for 3% and 10 semi-annual periods is .7441
In 2020, Sunland Company reported net income of $218000. A weighted average of 100000 common shares outstanding. Compute the earnings per share
What would be the cost of retained earnings common equity (rs) for Weaver Chocolate Co.? What would be the cost of equity from new common stock (re)
Discuss nature of Unbilled Receivables, whether these sound like they could be long-term or current assets and who their customer likely is for these contracts
Review the most current results of FORTUNE Magazine's annual ranking of America's "100 Best Companies to Work For." Explore the website of at least three of the companies noted. Develop a two- to four page paper that addresses the following:
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