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Problem 1: A corporation issues 1,000 ordinary shares for furniture and fixtures. The market value of the furniture and fixtures is P95,000 and the market value per share is P105. What amount should be charged or debited to furniture and fixtures?
Compute the total overhead allocated to each job under an activity- based costing system using the appropriate activity drivers
If the OFW returned in the Philippines from March 1 of the taxable year and stayed to manage his sari-sari store, how much of his income is subject to tax
Calculate the cost of the bed and provide all journal entries that are necessary in the books of Large Mart to account for the receipt.
Based on the current regulatory environment, even if a U.S. hedge fund is exempt from registration under the 1940 Act, what type of regulations does it need to adhere to?
At a budgeted amount of 10,000 lounge chairs the manufacturing overhead is $50,000 variable, what would the spending variance
Construct the stockholders' equity section incorporating all the above information.
Calculate the average returns and standard deviations for the two stocks, calculate the variance and the standard deviation of the combined portfolio
Settle one-half of the note by transferring land with a recorded value of P400,000 and a fair value of P450,000. What total gains should X Corp record
The expected long-term rate of return on plan assets was 11%. Determine Abbott and Abbott's pension expense for 2021
a) Construct a 90% confidence interval for p. b) Based on the confidence interval, at a = .05 can you reject H0? Explain. c) What is the difference between the standard error and standard deviation of the sample proportion? d) Which is used in comput..
Cassell Company accepted credit cards in payment for $8,650 of services performed during March 2014. The credit card company charged Cassell a 4 percent service fee.
The auditor performs tests of controls on the credit-granting process. Explain when the testing of accounts receivable would take place and why.
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