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Question - Aubrey Company provided the following data at year-end:
2018
2019
Share Capital (P100 par value)
5,000,000
5,750,000
Share Premium
1,000,000
1,500,000
Retained Earnings
3,500,000
4,500,000
During the current year, the entity declared and paid cash dividend of P1,000,000 and also declared and issued a share dividend.
There was no other changes in shares issued and outstanding during the year.
Required - What is the net income for the current year?
a. 3,250,000
b. 2,000,000
c. 1,000,000
d. 2,750,000
Goods were in transit from Greg to Reagan on December 31. The cost of the goods was $25,000, and they were shipped f.o.b. shipping point on December 29.
Prepare a statement of cash flows for 2013, using the indirect method. Assume that current assets (excluding cash) and current liabilities have remained the same on December 31, 2013. The cash balance on December 31, 2013 is $66,050. 2.Draft ..
Calculate the unit cost of M.T. Glass' beginning inventory. Enter your answer with two places after the decimal point (i.e., $9.80).
For the current year ending March 31, Ewok Company expects fixed costs of $740,000, a unit variable cost of $55, and a unit selling price of $80.
One financial accounting issue encountered when a company constructs its own plant is whether the interest cost on funds borrowed to finance construction should be capitalized and then amortized over the life of the assets constructed. What is the ju..
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Use probability-proportional-to-size method
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