0    46000    Net annual cash inflow 110000    146000    Estimated useful life 5 years    6 years    Salvage value 0    0

Q: o agents for e

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

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A: Introduction  Income tax of individual is determined after calculation of taxable income. Taxable…

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Q: Partner A first contributed P50,000 of capital into an existing partnership on March 1, 2021. On…

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Q: The selling price for bonds is computed by calculating the present value of future cash receipts by…

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Q: 1.)During the year 2021,David Company purchased 1,000 shares of Goliath Company ordinary shares at…

A: 1) Holding gain should David report in equity on Dec 31, 2021 :- 1,000 ordinary shares of Goliath…

Q: Account

A: The account is a statement that records journal entries. In the double-entry system of accounting,…

Q: Chapter : Goodwill On January 1, 2021, PT Nain purchased the net asset of PT Wuna which will be an…

A:

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

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Q: On Oct. 1, 2020, Shaw Company purchased a machine for P1,260,000 that was placed in service on Nov.…

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Q: Example of the cost center responsiblity is O 1. Investing in long term assets O2. Purchasing of…

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Q: 69. How much should be capitalized as intangible asset? a. P15,000 b. P62,000 C. P77,000 d. P80,000…

A:

Q: What are the accounts that should be carefully audited in a cooperative industry? Give at least…

A: Answer:-  Auditing meaning:- The inspection of financial accounts, records and associated activities…

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Q: Required Information TES-417 Inc. is a retailer. Its accountants are preparing the company's 2nd…

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Q: The interest on a non-interest bearing note is equal to

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Q: On 1 January 2021 Bob Company sells an item of machinery to Jaison Company for its fair value of…

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Q: SOR-493 Inc. is a manufacturing company. It has received a special order for 11,000 units of its…

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Q: received                                                 1,000,000 Long-term loss accrual in excess…

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Q: Recreate the Post-Closing Trial Balance that wou require an entry, leave it blank.

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Q: Case study no. 1: At the beginning of January N entity A has an initial flour inventory of 200 kg…

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Q: Table 1: Cost and Production Data for the ixing [Jadual 1: Data Kos dan Pengeluaran untuk Jabatan…

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Q: 13.Samir is single and 55 years of age, and has gross income of $58,000 in 2019. His expenses are as…

A: Answer:-  Adjusted gross income (AGI) meaning:- Adjusted gross income (AGI) is basically calculated…

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Q: You were engaged as an independent auditor of Thomas Corporation . In the course of your examination…

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Q: Required Information TES-417 Inc. is a retailler. Its accountants are preparing the company's 2nd…

A: The purchase Budget is prepared to estimate the number of units to be purchased during the period.

Q: On Jan. 1, 2020, Eee Company issued 9% bonds in the amount of P 500,000, which mature on Jan. 1,…

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.