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Point 1: Dallas Maverics Corporation issued 3,000 ordinary shares for cash at par value and another 2,000 ordinary shares to Atty. Thompson during incorporation as payment for legal fees amounting to P200,000. Dallas also issued 4,000 shares in exchange for an office equipment with a book value of P265,000 but has a fair market value ofP289,000. The corporation also received subscription for 2,000 shares issued at P76 per share.
Question 1: If, after these transaction, Subscribed Ordinary shares has a balance of P130,000, what would be shown as Ordinary Shares Capital in the Shareholders Equity of the Statement of Financial position.
Suppose that a firm maximizes its total profits and has a marginal cost (MC) of production of $8 and the price elasticity of demand for the product it sells is (-3). Find the price at which the firm sells the product.
johnis a company director withundrawn wagesdirector feesfrom last year 108k.how are they recorded in last year
Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms. Compute working capital and the current ratio
FNSACC608 Evaluate Organisation's Financial Performance - FNS60217 Advanced Diploma of Accounting - What is a cost-benefit analysis (CBA)?
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.
During the year, Tulip distributes $600,000 ($300,000) each to its equal shareholders, Anne and Tom. Anne has a basis in her stock of $65,000, while Tom’s basis is $120,000. Illustrate what is the effect of the distribution by Tulip Corporation on..
How much were the company's total expenses? Show your work. (Use parentheses or a minus sign when subtracting numbers.)
A company had average total assets of $982,450 and net income of $190,700 and reports various segment information.- Calculate the segment return on assets for Segment A.
This cost increases to 8.75 cents per mile if a truck is driven 60,000 miles per year. Estimate the cost formula for truck operating costs using the high-low method.
What are the segment reporting rules under the FASB, and how do they differ from the IFRS? How are they similar? Which set of rules provides more useful information to investors, and why?
Evaluate the two contracts. Write a short letter to Phil with your recommendation including the method you used to reach your conclusion.
On December 29, Adams Apples purchased 1,000 shares of General Electric common stock for $19,000 and placed in investment in an active trading account for immediate resale. On December 31, the market value of the stock is $20 per share. What is the a..
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