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On January 2, 2020, Peter Realty enters into a contract with a customer for the construction of building. The contract price is P30,000,000. The parties also agreed that, when the building is complete, it will be inspected and assigned a green building certification level. If the building achieves the certification level specified in the contract, Peter Realty will be entitled to an incentive payment of P2,500,000. Parker uses the percentage of completion method in measuring its progress in the contract.
Problem 1: The Percentage of Completion for the year 2020 was:
Option 1: 63%
Option 2: 56%
Option 3: 95%
Option 4: 36%
You decide scenario - You have a small tax accounting preparation and bookkeeping practice. A new client enters your office and places a box of receipts and bank statements on your desk and says that she would like to have a set of financials prepare..
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Determine How much can she withdraw from her retirement savings each month if she plans to spend her last penny 18 years from now?
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