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Question - On January 1, 2018, CDE corporation has 10,000 ordinary shares outstanding. It issued an additional 3,000 and 2,000 ordinary shares on May 1, 2018 and July 1, 2018, respectively. During 2018, it earned a profit of P72,000 and paid preference dividend of P12,000.
Required: Compute the basic earnings per share.
Record the necessary journal entries to adjust the books for the appropriate reconciling items. Start with Page 6 for the journal entries
The company uses straight-line depreciation on all equipment. Calculate the total cash flow net of income taxes in year 3
In the second year, production increased to 19,000 units. Using the units-of-production method, what is the amount of accumulated depreciation
Summarize the major reform principles of any three titles. Analyze how it could have been avoided if the principles of Sarbanes-Oxley would have been followed.
tom and jenny formed tj inc. a corporation in 2011. tom received 70 shares of the voting common stock the only class
Salaries payable, $3,750,000, due January 14, 2011. Indicate in what circumstances, if any, each of the three liabilities above would be excluded from current liabilities.
Juicy Fruits produces four different kinds of fruit chewing gum: grape, strawberry, lime, and cherry. How many of each product must be sold to break even
acme company had the following information for the yearnbspnbspdirect materials used113100nbspnbspdirect labor incurred
The management of current assets and current liabilities in the short run can lead to several challenges for the financial manager. What are some of the more common challenges or problems encountered by the firm in this regard, and what are the p..
charles royston was checking the year- end blances for his wood furniture manufacturing amp business amp was concerned
Mauna Loa would like to hedge its yen receipts, but it has too many customers and transactions to make it practical to sell each receivable forward.
Prepare the stockholders' equity section of the balance sheet at December 31, 2014. (Amounts to be deducted should be indicated with a minus sign.)
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