User Account

All Pages

What total amount was charged to retained earnings

Assignment Help Accounting Basics
Reference no: EM132790017

On December 1, 2019, ABC Company declared property dividends in the form of pieces of equipment. On that date, the carrying value of the equipment to be distributed is P 750,000 and its fair value is P 800,000. On December 31, 2019, the fair value of the equipment has decreased to 700,000 and on the date of distribution which on January 15,2020, it has increased to P 800,000.

Problem 1: What total amount was charged to Retained Earnings pertaining to the property dividends declared?

Reference no: EM132790017

Questions Cloud

Explain briefly the objective of each of audit procedures : Identify whether each of the procedures is primarily a test of control or a substantive test. Explain briefly the objective(s) of each of the audit procedures.
What risks factors exist in the family history : What risks factors exist in the family history? Why are these thought to be risk factors? (See Down Syndrome.)
What is the consumer surplus : A) If price suppliers are willing to accept $20 for the first bouquet of flowers and consumers are willing to pay $55. What is the consumer surplus
How does the theme relate to contemporary issues : Since titles often reflect theme, suggest a new title for Lysistrata that best reflects its theme. Then make an argument for your title based on what you take.
What total amount was charged to retained earnings : ABC Company declared property dividend, What total amount was charged to Retained Earnings pertaining to the property dividends declared?
What is the required rate of return : Question - A stock that pays a constant dividend of $8 currently sells for $38.97. What is the required rate of return
To what extent did yellow journalism lead to war with spain : To what extent did Yellow Journalism lead to war with Spain? What benefit did the newspaper owners gain from the war? How has journalism evolved since.
Effect of the hurricane on the market for gasoline : In the aftermath of hurricane Odile, parts of the Baja Peninsula have been isolated so that the transportation of gasoline to consumers has become very difficul
Determine the book value of the liability : The bond will have a face value of $10,882,257.24, Determine the book value of the liability associated with the two financing alternatives on January 1, 2021

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd