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Problem - ABC Corporation is preparing its bank reconciliation for the month of April. The bank statement showed and ending balance of P500,000, collection of a customer note by the bank of P100,000, bank service charge of P10,000, and an erroneous bank debit of P5,000 which it immediately corrected within the month. The cash in bank balance per ledger is P400,000. You determined that the entity recorded a P50,000 check payment as P5,000. Compute the correct cash in bank balance?
The attorneys estimated that there is a 40 % chance of losing. If this is the case, their attorney estimated that the amount of any payment would be $500,0000. Illustrate what is the required journal entry as a result of this litigation?
develop an idea that will be the start of a business plan. build on the idea for a service business - a home
Define each of the following and the effect on the number of shares outstanding: Stock split. Stock dividend. Cash dividend.
What is the amount that will appear under the non current liabilities in respect of this lease in the statement of financial position as at 31 December 2019
On June 1 of the current year, Ben Rork sold 500 shares of Kul Corporation stock. Rork had received this stock on May 1 of the same year as a bequest from the estate of his uncle, who died on March 1 of the current year. His uncle's basis in the stoc..
Suppose that energy savings are less than claimed. Calculate the minimum annual cash savings that must be realized for the project to earn a rate equal to the firm's cost of capital.
question jamie wong is considering building an investment portfolio containing two stocks l and m. stock l can
multiple choice questions on balance sheet and financial ratios.1.the term receivables refers toa.amounts due from
Which group will be benefited by a contract that aligns the interest of principal and agent? Neither the principal nor the agent,The agent
On December 1, 2016, Lynch Incorporated sold $18,000 of merchandise with terms 2/10, n/EOM. On December 11, 2016, collections were made on sales originally billed for $12,000, and on December 31, 2016, additional collections on sales originally bille..
Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $160,000 and for the office equipment, $105,000. The allowance for doubtful accounts has a balance of $17,000. ..
process costing fifo costing methodcanned fruits and vegetables are the main products made by yummy foods inc. all
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