Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem 1: On January 1, 2020, Banana Co. entered into a contract to acquire a new machine for its factory. The machine, which had a cash price of P300,000, was paid for as follows: Down payment P30,000; Note payable in 10 equal monthly installments P240,000; 1,000 shares of Banana Co. ordinary shares with an agreed value of P50 per share: P50,000 Total P320,000. Prior to the machine's use, installation costs of P8,000 were incurred. The machine has an estimated useful life of 10 years and salvage value of P10,000. What should the company record as depreciation expense for the first year under the straight line method?
a. P29,800b. P30,000c. P31,000d. P31,800
Bobby has an accounts payable of P50,000 on the inventory. What is the beginning capital of Partner Bobby
The primary difference between a master budget and a flexible budget is that a:
Calculate the price of an 8% annual coupon (paid semiannually), 2-year, $1,000 par valued bond if the current annual market interest rate is 8%.
Shao Airlines, What is the equivalent annual annuity for each plane? Do not round intermediate calculations. Enter your answers in millions.
Discuss the relative importance of different classifications of assets to total assets. What additional information would you expect to find in the notes to the financial statements about major classification of assets?
Excess of the sales price over cost should be credited to retained earnings-Gains are not recorded on treasury stock transactions but losses are.
Prepare an income statement for COC for the year ending December 31, Year 8.- Prepare a comparative balance sheet for COC on December 31, Year 7, and December 31, Year 8.
As we know, total ownership is not a requirement for consolidation. A parent need only gain control of another company to create a business combination. If less than 100% of a subsidiary's voting stock is obtained, how is the presence of the other ow..
What aspects/elements/ideas of K. Horney's and E. Erikson's proposals can be applied to optimal child development
A not-for-profit organization receives a restricted gift. When and in which type of fund should it recognize the revenue? When and in which type of fund should it recognize the related expense? What is the reason for the apparent inconsistencies betw..
If Juwan works for twenty years and has a final year income of $160,000 how much will he receive from the pension on a yearly basis?
You win a grand prize. You have two options. 1.) Take $100,000 today, or 2.) receive $121,000 in five years. You chose the first option, and decide to invest it for 5 years. What is the lowest APY that you would want to make sure you made the right c..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd