0,000, and accumulated amortization of P 60,000. The Patent is being amortized for its useful life of eight years. On January 1, 2018, Mayumi purchased a competing patent for a total cost of P75,000.  The newly purchased patent is expected to be used for five ye

Q: High Roller Properties is considering building a new casino at a cost of P10 million at t = 0. The…

A: WACC = 11%   Investment cost = $ 10,000   Cash flow with no tax = $ 3,750   Cash flow with tax = $…

Q: Them Company has a single investment property, which had original cost of P5,800,000 and estimated…

A: In case of Fair value model, assets is measured at fair value and any change in fair value during…

Q: In 2016, Landon has self-employment earnings of $195,000. Compute Landon’s self-employment tax…

A: Self-employment tax comprises social security tax and Medicare taxes which are to be paid to the IRS…

Q: PROBLEM: Fluffy Company's division one is a cash generating unit. The company has determined the…

A: Here discuss about the details of the impairment losses which are incurred to the business unit and…

Q: The owners’ equity account for Rantuil Utilities Berhad are shown below: Common Share (RM2 par) -…

A: Share dividend is declared by the company out of its retained earnings. On declaration and issue of…

Q: he economic order quantity is not affected by the a. cost of purchase-order forms. b. safety stock…

A: The economic order quantity (EOQ) is a company's optimal order quantity for minimizing its total…

Q: Porky Co. owns 40% of Watwat, Inc.'s ordinary shares. On July 1, 20x2, Porky Co. sells half of its…

A: As per ASC 860 ,when there is sale accounting of shares or financial assests then a gain or loss…

Q: During the year 2021, Pal Company purchased 1,000 shares of Pak Company ordinary shares at P150 per…

A: As per Accounting provisions, A held for trading share is purchased with the intention of short…

Q: Senators LLP. Peder is married to Kyler Prescott; Kyler is an investment analyst at Redwings plc, a…

A: Here discuss about the details of the transaction which are subject to the capital gain taxes or…

Q: d that 6

A: Equipment machine is the fixed which are been used in the production activity of the organisation,…

Q: On January 1, 2006, Ward Company issued its 9% bonds in face amount of P4,000,000, which mature on…

A: The bonds are issued at discount when market rate is higher than the coupon rate of bonds payable.

Q: A. Overall, how much did shareholders' equity increase or decrease as a result of the two treasury…

A: Introduction: When treasury shares are issued to pay all or a part of a stock dividend, the dividend…

Q: Complete the Fixed Asset Note to the Balance Sheet from the following ledger accounts of Shadrack…

A: Notes to the financial statements are made and given by the company so that it could be better to…

Q: Question Content Area Activity-Based Budget Olympus, Inc., manufactures three models of mattresses:…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: A UAE based company of Solar Panel supplies has developed monthly forecasts for a family of…

A: Average Demand Per Production Day=Demand ForecastProduction Days

Q: Assume the following information for Macro Company. Original asset: Office building purchased Jan.…

A: Straight line method of depreciation (Cost of asset-salvage value) / useful life    If any change…

Q: Discuss who perpetrates fraud and why it occurs, including the pressures, opportunities, and…

A: Fraud- Fraud is an intentionally carried out event that is illegal and unethical, but the…

Q: Required information [The following information applies to the questions displayed below.] Julio and…

A: Ordinary income is any type of income earned by an organization or an individual that is taxable at…

Q: Create a wage slip for the month of March 2021 using the data provided variable vs. fixed ratio…

A: Monthly CTC=20,00,00012=1,66,667 Fixed portion=Basic+HRA+PF+travel allowance+Insurance…

Q: Which of the following is a characteristic of tax? b. a. The amount to be collected is limited to…

A: Here discuss about the details of the characteristic of the taxes as well.  There are some district…

Q: Chevrolet Corporation is considering replacing an obsolete machine with a new machine. The new…

A: Formula: Simple rate of return = Net Annual savings in costs / Net initial investment where, Net…

Q: Sydney Ltd owns all of the shares of Mel Ltd. In relation to the following intragroup transactions,…

A: The question is related to Consolidated Financial Statements. The MEL Ltd is wholly owned Subsidairy…

Q: a. Make all necessary journal for 2018 b. Make all necessary journal for 2019 and 2020 c. Determine…

A: As per Ind As 16 and IAS 16 Property plant and equipment -  After recognizing an asset, PPE whose…

Q: Create a wage slip for the month of March 2021 using the data provided variable vs. fixed ratio…

A: Salary employees will have access to pay stubs, and it is your employer's responsibility to provide…

Q: Problem 18-2 (ACP) Endless Company provided the following shareholders' equity on December 31, 2021:…

A: Preference shares: Preference shares allow an investor to own a stake in the issuing firm in…

Q: The bank statement opposite shows transactions over a one-month period for a savings account that…

A: Interest on savings account is calculated on daily balance in the account.

Q: the business. February 1 - PPS paid advance rent for 6 months. P120,000. February 2 - PPS received…

A:

Q: Proposal Number 1 2 3 4 Investment Required P8,000 P12,000 P10,000 P4,000 Net Present Value P3,200…

A: NPV: - Net Present value is the difference between the present cash inflows and the present value of…

Q: An entity uses periodic inventory system and neglected to record a purchase of merchandise on…

A: The periodic inventory system records the purchase of inventory of inventory on account as debit…

Q: What is the carrying value of the franchise at December 31, 2022?  How much is the amortization…

A: As Per Ind As 38 and IAS 38 : - A. An intangible asset is an identifiable non-monetary asset without…

Q: The taxpayers are husband and wife  with the following data during the taxable year:  Husband:…

A: Income Tax Calculation Here to discuss the details of the calculation of income tax for both Husband…

Q: From the following information prepare balance sheet  of NCP Ltd. as on 31st March 2013 :  Stock…

A: Financial ratios helps in testing short-term solvency, long-term solvency, profitability, and…

Q: On January 1, 2020, May Company appropriately reported a debit balance of P125,000 (before income…

A: Other comprehensive income include among other things unrealised loss and gains. The same is done to…

Q: Them Company has a single investment property, which had original cost of P5,800,000 and estimated…

A: Lets understand the basics. As per IAS 40 "Investment property", investment property can be recorded…

Q: On January 1, 2006, Taguig Company issued 3-year bonds with face value of P5,000,000 at 99.  The…

A: Q1 Effective Interest Rate. The discounting rate at which the present value of cash flows equal to…

Q: onroe Company is engaged in a number of research and development projects. Its accounting policy…

A: Research and Development Project : It is the activity to innovate and introduce new products and…

Q: Advances and declines are associated with market a efficiency b. position c. diffusion d. depth

A: Advances and losses relate to the number of stocks (or even other assets in a certain market) that…

Q: Reported in the ledger of Mayumi Company On December 31, 2017, is a Patent account with a balance of…

A: As per the accounting standards the carrying value of patent is equal to the purchase cost of…

Q: Johnson Chemicals is considering an investment project. The project requires an initial P3 million…

A: The question is related to Capital Budgeting. The Net Present Value is calculated with the help of…

Q: daughter for

A: Mr B is the resident senior citizen [60+]of India .   For F.Y 20-21 & A.Y 21-22 , there are two…

Q: He Company owns land and building classified as investment property .  The land and building is…

A: Fair value gain for the year 2021 = Fair value of Investment property as on Dec 31, 2021 - Fair…

Q: Theirs Company owns the properties below, which it leases out under operating leases to the…

A: Generally, The Properties, which are leases out under operating lease, is accounted for as…

Q: Better Company is negotiating to acquire the net assets of Best Company. Better is willing to pay…

A:

Q: the patent is 8 years. During the year 2021, the company determined that the economic life of the…

A: The amortization expense is charged on intangible assets of the business.

Q: Exciting Products transferred 18,000 units to one department. An additional 5,000 units were added…

A:

Q: On March 1, 2006, Cain Company issued at 103 plus accrued interest 4,000 of its 9% P1,000 face value…

A: >Bonds Payable are the source of finance for the companies.   >The bondholders are…

Q: A 68-year old retiree has a pension savings of $51, 000, a 401k of $58,000, and an IRA account of…

A: The retiree has a pension savings of $51,000, which is relevant information for the amount he will…

Q: How much unrealized holding gain should Lover report in profit or loss for the year 2022?

A: The calculation of unrealised holding gain that should be reported in profit or loss for the year…

Q: Fitness Worlds operates a chain of exercise facilities attachable with Great Eastern Insurance…

A: In case of issue of additional shares as the stock dividends, the number of the shares outstanding…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.