ds for the next 3 months. She badly needed P30,000,000 in cash because of an emergency. Pielago looked for the list

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A: A decrease in the value of assets with time is known as depreciation. There are different methods in...

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A:

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Q: Position (S

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A:

Q: Sokolov Company purchased a computer for $3,000 on January 1, Year 1. The computer is estimated to h...

A: Depreciation is an expense which is calculated on the asset. It is the amount which shows the decrea...

Q: Ivanhoe Company reported net income of $93,300. The partnership agreement provides for salaries of $...

A: Partnership Business: A partnership business is comprised of two or more individuals who pool their ...

Q: What is the purpose of thestatement of cash flows?

A: The statement of cash flows is a statement that summarizes the movement of cash and cash equivalents...

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A: Partnership means where two or more person comes together to do some common business activity and ea...

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A: The fixed assets are recorded at the cost which is paid to acquire it by the business.  

Q: Denber Co. acquired 60% of the common stock of Kailey Corp. on September 30, 2019. For 2019, Kailey ...

A: The acquisition means that the the company acquires the other company by acquiring more than 50% int...

Q: 1. Disposal of an asset. From pages 7-7 and 7-8 of the VLN, the company sold the mower after using i...

A: Depreciation means the amount fixed assets written off due to normal wear and tear , normal usage , ...

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Q: Total Per Unit Sales (7,200 units) Variable expenses $ 230,400 136,800 93,600 $ 32.00 19.00 Contribu...

A: The total fixed cost  and variable cost per unit remains constant for each level of production.

Q: 1. According to PAS 7, which of the following statement is incorrect? *   a. Statement of Cash Flows...

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A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net...

Q: Total Per Unit Sales (7,200 units) Variable expenses $ 230,400 136, 800 $ 32.00 19.00 Contribution m...

A: Formula: Sales revenue = Sales units x sales price per unit

Q: Requirements:  Compute the total liabilities after formation

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Q: Following the depreciation example on page 7-6 of the VLN, determine 150% declining balance year 2 d...

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