Reference no: EM132765990
Doctor Stranger Incorporated provided the following data on December 31, 2020:
Accounts payable- P562,165
Accrued taxes- P72,365
Dividends (ordinary share)- P2,000,000
Dividends (preference share)- P1,000,000
Income summary (credit balance)- P821,585
Mortgage payable (P500,000 due in 6 months)- P5,500,000
Note payable, January 2022- P457,645
Ordinary share capital - P5,000,000
Preference share capital- P3,500,000
Premium on notes payable- P633,480
Retained earnings, December 31, 2019- P545,425
Share premium- P500,000
Unearned rent income- P354,815
Problem 1: What is the amount of noncurrent asset for 2020?
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What is the total shareholders equity of good doctor on dec
: Good Doctor Company was registered at the Securities, What is the total shareholders' equity of Good Doctor on December 31, 2021?
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How much is the gross profit for the year
: How much is the gross profit for the year? Increase in accounts receivable- P100,000. Collections on accounts- P800,000. Cash sales- P120,000
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What is the correct profit for the year ended december
: What is the correct profit for the year ended December 31, 2020? During 2020, Dream High received P40,000 as cash advance from a customer for merchandise
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How much of the note payable is classified as current
: How much of the note payable is classified as current in the December 31, 2020 financial statements that were issued on March 31, 2021?
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What is the amount of noncurrent asset
: What is the amount of noncurrent asset for 2020? Mortgage payable (P500,000 due in 6 months)- P5,500,000. Accounts payable- P562,165.
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How happy pets company would use during the conduct
: Describe data items, information and knowledge, providing a clear example of how HPC would use each of these during the conduct of its business.
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What effect would have on the carrying value of investment
: Vaughn Company did not amortize the discount, What effect would have on the carrying value of the investment and on net income, respectively?
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Which statements is true concerning contingent liabilities
: Which statements is true concerning contingent liabilities? Such liabilities are generally reported and totaled with other liabilities to make up the liability
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Which straight-line method of depreciation is not appropriat
: Which straight-line method of depreciation is not appropriate for? Equipment on which the amount of maintenance and repairs increase substantially with age.
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