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Question - Cebu Branch submitted the following data to its home office in Manila for 20x1, its first year of operation: Sales P2,300,000; Shipments from Home Office P1,850,000; Operating expenses P235,000; Home Office Current P480,000. Shipments to the branch are billed at cost. The December 31 inventory of the branch was P255,500.
What was the balance of the Investment in Branch account on December 31, 20x1 on the home office books?
Mass Manufacturing, Inc. uses the weighted-average method of process costing. What are the total number of equivalent units
Robertson Inc. bought a machine on March 31, 2000 for $300,000. What amount will the machine be reported at after the impairment test
The following department data are avalable :Total materials costs $ 120000 equivalent units of materials 60000 total conversion costs $ 70000 Equivalent units of conversion costs 30000 what is the total manufacturing cost per unit?
caterpillar inc. reported the following accounts and amounts in millions in its december 31 2008 year-end financial
On September 1, 2012, Tavani Co. issued a note payable to National Bank in the amount of $1,200,000, bearing interest at 12%, and payable in three equal annual principal payments of $400,000. On this date, the bank's prime rate was 11%. The first ..
manufacturing cost flows with machine hours allocationon november 1 robotics manufacturing companyrsquos beginning
Warren Co. recorded a right-of-use asset of $900,000 in 8-year lease under which no profit was recorded at commencement by lessor-The balance in right-of-use asset after 2 years will be:
panoramic inc. had a beginning balance of 2000 in its accounts receivable account. the ending balance of accounts
Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries
A machine with a cost of $120,000 has an estimated residual value of $15,000. What is the amount of depreciation for the second full year
On December 12, 2020, Vancouver photography received $6000 from a customer. What the required adjusting entry at December
in 2013 lisa and fred a married couple have taxable income of 545000. if they were to file separate tax returns lisa
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