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Problem 1: As of July 1, 2011, Simon, Orenda and Solomon, partners sharing profits and loss 3:2:1 have capital balances of P40,000, P 25,000 and P 5,000, respectively. The partners decided to dissolve and liquidate. After realizing P 37,000 cash from all non-cash assets and paying all liabilities amounting to P 12,000, there is still P56,000 cash left for distribution. The loss on realization of the non-cash assets was:
a. P14,000b. P28,000c. P40,000d. P42,000e. None of the above
Risk-free investments is 3% and that the expected rate of return on the market portfolio is 16%, what is the net present value of the project?
If Korral charges interest of 24% per year, compounded monthly, what should Korral record as sales revenue on the Pinto?
Calculate current share price of Snowflakes Sdn Bhd assuming rate of return on equity is 12 percent per annum and last year dividend is RM1.00 per share.
Determine balances for the following items that would appear on Allister's consolidated financial statements for 2015
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The Jones Company owns a large warehouse that it plans to sell. Which is true? If the asset is classified as being held for sale, it qualifies as a discontinued
question1.hadicke company purchased a delivery truck for 44000 on 1st january 2012. the truck was assigned an evaluated
Nike has 100 million shares of preferred stock outstanding, 475 million shares of common stock outstanding, and the face value of their debt on the balance sheet is $12 billion. Their 20--year debt has a 3.5% coupon rate and the latest quote on thei..
Compiling, linking, and executing program - cc, vi, cat, running program
How is situation like a financial accounting misstatement? How is it different? What would you do? How would you justify your decision?
Explain the differences between the legal and ethical aspects of the situation, as well as how the differences between the two can impact decision making.
Golddigger Services Inc. provides services to clients. On May 1, a client prepaid Golddigger Services $71,000 for 6-months services in advance. Golddigger Services' general journal entry to record this transaction will include a: What effect would th..
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