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Questions - A detailed analysis of the cash account shows the following debits and credits:
(Equipment disposed of has an original cost of P60,000 and corresponding accumulated depreciation of P10,000 as of that time.)
Required:
1. Reversing entries as of January 1, 2016.
2. Journal entries to record the transactions completed during the year.
3. Adjusting entries as of December 31, 2016.
Compute the following: Payback period, Present value of estimated annual savings, Present value of estimated residual value, Net present value and Total present value of estimated cash in flows.
Compute Garfield's budgeted purchases for March.
on february 1 2010 marsh contractors agreed to construct a building at a contract price of 6000000. marsh estimated
Explain in the straight-line method pleases?
a company had credit sales of 5.0 million for the year andestimates their bad debts to be 1 of net credit sales.
The trial balance of LaGrace Company includes the following balance sheet accounts. Identify the accounts that might require adjustment. For each account that requires adjustment, indicate
Calculate the rate per square foot for Warehousing. Calculate the traceable fixed costs for each division and for each product in the Clothing division
the yost company makes and sells a single product product a. each unit of product a requires 2.3 hours of labor at a
walden green provides custom farming services to owners of five-acre wheat fields. in july he earned 2400 by cutting
Dynamo Corporation manufactures toasters. Each toaster comes with a five year warranty.
A lottery has provided you with the following options: $350,000 today or $40,000 per year for 10 years. If you can earn 4% on your money indefinitely, which deal would you take
How the accounting practice can allay client fears about the changes and outline how clients may be able to minimise any negative impacts from these changes?
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