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Question - The cash account in the current asset section of the balance sheet of BTS Company consist of: Petty cash fund (of which P1,200 is in the form of paid vouchers)- P5,000; Bond sinking fund- P100,000; Receivables for employees- P6,000; Checking account in Hybe Bank, per bank statement (including checks outstanding of P3,100)- P243,000; Currencies and coins awaiting deposit- P52,000; Deposit in bank closed by Central Bank- P60,000. What the correct cash account balance for the balance sheet?
The accounting year end for Putra media Bhd. is on 31 December. Discuss how Putra media Bhd. should account for the bond
Would financial accounting information have any value without US GAAP? Would you trust financial statements by a small company not using GAAP? If not, why?
The December 31, 2012, balance sheet for Classic Company showed total stockholders' equity of $67,000. Total stockholders' equity increased by $32,000 between December 31, 2012, and December 31, 2013. Determine the amount of net income or loss Classi..
Most analysts prefer using price to free cash flow rather than price-to-earnings (P/E) ratio because price to free cash flow is
If the 10-year Australian government bond rate is currently 3.8%, what would be the coupon rate at which a 10-year corporate bond rate for Seuss Inc would be set, taking into account the fact that the spread for a company with the same (5.6%) probabi..
On December 20x4, the land was appraised at 28,000,000. How much is the impairment loss in 20x4
The fair value of 16,500 at 5%, using a probability-weighted approach is 3,142. Determine the amount SAMSAN TECH will record as investment
MFE6110 - Case - Long Lived Assets - estimate the total useful life, age and remaining useful life of each company's property, plant, and equipment
Which the collection of cash from customer on account would?? have no effect on net income or? shareholders' equity. / increase assets and decrease liabilities
Describe three key steps you would take to set up a reporting system for financial project management to ensure that the Project Manager
Selected balance sheet and income statement data for Green Tea, Inc., for the year ended December 31, 2011 are below. Illustrate what is the company’s times interest earned ratio?
Western Carolina Coal Co. expects to produce 125,000 tons of coal annually for 15 years. The deposit cost $3M to acquire; the annual gross revenues are expected to be $9.50 per ton, and the net revenues are expected to be $4.25 per ton. Compute the a..
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