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Problem 1: Which of the following accounts will not form part of legal capital of the corporation?
A. Subscribed Ordinary shares, P100 par value, 50,000 shares
B. Ordinary shares, P100 par value, 500,000 shares authorized, 100,000 shares issued.
C. Share Premium - Ordinary
D. 6% Preference shares, P1,000 par value, 1,000 shares issued.
Which bid (if any) would you vote to accept for the purchase of HFC? Is your decision primarily based on the economics of the bids or on the desire to honor
How much of the expenses shown above can Dino and Virgil currently deduct (not considering depreciation or Sec. 179 applicability)
What is total current assets?SSF acquired a forklift and storage fixtures. They paid $20,000 in cash and agreed to pay another $28,000 in three years.
Steve and Stephanie Pratt purchased a home in Spokane, Washington, for $542,500. They moved into the home on February 1 of year 1. They lived in the home as their primary residence until June 30 of year 5, when they sold the home for $942,500. What a..
Find the effective annual rate of interest. Tokyo Imports received a six-month, noninterest-bearing note for $100,000 from Tall Mart
Which is not a method used to document details of an audit client's accounting system? Internal control questionnaire. / Narrative description
On March 1, 2015, Vantage Services issued a 5% long-term notes payable for $15,000. It is payable over a 3-year term in $5,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2016. Each yearly instalment will inclu..
Fixed costs: Fixed manufacturing overhead $105,600 and Variable costs per unit: Direct materials $26. What is unit product cost for month under variable costing
Current dividend per share distributed by the bank = $4. If current stock price of the bank is $80, what would be the Beta of the bank.
On October 1, 2018, Highview Company borrows $213,000, On December 31, 2018, the adjusting entry to accrue interest on the note should debit
How does the company protect itself against inventory theft and loss? Can you see these control procedures in use?
Determine whether a company has an ethical obligation to share with external clients that key information about them is being stored in the cloud. Speculate how external clients would react if they were told in advance or it was kept from them and th..
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