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Problem 1: Variant Corp. is authorized to issue 100,000 shares of P100 par value capital stock. Johnny subscribed to 1,000 shares at par on March 1, 2020. A 25% down payment was given by Johnny, the balance is payable in two equal instalments payable on March 30 and April 31.He paid the first instalment, but defaulted in the second installment due. The unpaid subscription was offered for sale at public auction. Advertising cost incurred amounted to P7,000. Bonbon made a bid for 800 shares, Cora, for 900 shares, Zally for 600 shares, and Yolly for 700 shares. Who is the highest bidder?
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.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
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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