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Problem 1: On January 1, 2021, ABC Company sold machinery to MNO, its wholly-owned subsidiary for P450,000. The Equipment had cost ABC P560,000. The book value at the time of sale was P230,000. ABC used a 5-year life, with a salvage value o P10,000 and uses sum of the years digits depreciation. MNO will adopt this practice. On the consolidated statement of financial position at December 31, 2021, the deprecation expense should be stated at
Find how much interest will you earn during a 30 day month? If you have $125,000 in an interest-bearing savings account that pays 4.9 percent annual interest.
A firm's current ratio is above of the previous year; however, the firm's quick ratio is below the previous year What does these ratio suggest about the firm?
Fold and Hold paid cash of $10,000 on the date of entering into the lease, Prepare the journal entry to record the capital lease on January 1, 2016
Kimm Company has gathered the subsequent information about its product - Evaluate Kimm's total standard cost per unit.
Find the cash flow from the mark-to-market proceeds on the contract. Assume that the parity condition always holds exactly. Find the holding-period return if the initial margin on the contract is $10,000.
Calculate the finished-goods inventory for the 12/31/01 balance sheet and calculate the over-applied or under-applied overhead at year-end.
Calculate the weighted average cost of capital for the firm. C Ltd. has the following capital structure,Form of capital Weight After-tax cost
What is the current profit?What is the break-even point in units?What would the break-even point in units be if commissions are increased and salaries decreased?If sales increase by 8,000 units, what will the profit be under the new plan?
Elimination entries for consolidated statement working papers on December 31, 2020 and December 31, 2020. Plow Company elects to measure non-controlling
Why do you think the two students decided to incorporate their business rather than operate it as a partnership and prepare an income statement for the month ended May 31, 2010.
Is this a signal? Why? What criteria can you identify as being necessary for a decision to be described as a signal?
Post the journal entries to general ledger accounts. Prepare journal entries, in good form, to record the May transactions. Explanations are optional.
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