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Question - Prepare the amortization table.-Provide all the necessary journal entries.
a) On January 1, 20x1, Lala Bus Co. received a 4-year, non-interest bearing note of P1,000,000 in exchange for land with carrying amount of P500,000. The note is due on Dec. 31, 20x4. The effective interest rate is 14%.
b) On January 1, 20x1, Ning Co. received a 3-year, non-interest bearing note of P900,000 in exchange for machinery with historical cost of P1,200,000 and accumulated depreciation of P400,000. The note is due on Dec. 31, 20x3. The effective interest rate is 12%.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
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Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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