A mortgage loan should be fully repaid in 48 monthly installment of Rp5 million. If the loas is Rp200 millio, without making the schedule. how much is the loan amortization in the 30th installment? O A. Rp4,12 million O B. Rp4,21 million O C Rp4,32 million O D. Rp4,23 million

Q: Glencoe Supply had the following accounts receivable aging schedule at the end of a recent year.    ...

A: Answer 1) Calculation of Bad debts Expense Bad Debts Expense = Allowance Required on the basis of De...

Q: ABC Corporation has an investment of 4,000,000 shares in XYZ Corporation. On December 31, 2021, ABC ...

A: Dividend in form of shares given to stockholders is called as Stock Dividend Stock Dividend is usual...

Q: a. 12.36% ON thIs planned investment is most nearty b.i 10.36% c 10% d. 9.36%

A: The Return on Investment is calculated with the help of following formula  Return on Investment = An...

Q: Which of the following is an exclusion from gross income?  a. Separation payment as a consequence of...

A: Under the Tax Code of the Philippines, separation fees and benefits in the Philippines are exempted ...

Q: Show your solution pls On March 1, 2016, Rose Corporation issued at 103 plus accrued interest, one h...

A: Bonds are issued by governments and businesses when they need to generate revenue. When you buy a bo...

Q: On January 2, 2021 PAMIGAY CORP paid P380,000 cash and issued 120,000 new shares of its P5 par value...

A: Consolidated financial statements are the one which are prepared when one or two subsidiaries are ac...

Q: Age of Receivables. (Classify them to: 0-30 days, 31-60, 61-90, and 90+ days) Afterwards, compute fo...

A: The calculation of Age of Receivables and past due ratio are shown hereunder : Past due ratio is cal...

Q: . Mr. Ron acquired machinery for use in his business. After a strong tyP machinery suffered partial ...

A: Depreciation per year before typhoon = P500000/5 = P100000 Accumulated depreciation is P300000 , thi...

Q: Case 1 Steve Ramos owns apartment buildings in Baguio City, and Tagaytay City. Each property has a m...

A: Window-dressing fraud is the deliberate manipulation of financial statements to mislead a company's ...

Q: Cash dividends are paid based on the number of shares: a. outstanding. b. authorized. c. issued

A: As per IAS 33 Earnings per share standard  Earnings per share = Net income available to ordinary equ...

Q: On January 1, 2016, Denver Inc. issued its 10% bonds in the face amount of P400,000, which mature on...

A: Please see Step 2 for required information.

Q: Agrix Company grants its managerial employees the privilege to select a car of their choice with val...

A: Value of fringe benefit provided  to manager who did not meet the requirements  = 40% x P1000000

Q: Capital gains tax that is not payable on installment basis is due  a) within 30 days from the date o...

A: Tax is the liability calculated on the income earned by an individual or corporation. It is paid to ...

Q: An investment of S110.000 in safe 10-year corporate bonds yieids an average of 12% per year, payable...

A: In this question, we will find out that how much his $110,000 be worth in 10 years in todays purchas...

Q: ABC Corporation has an investment of 4,000,000 shares in XYZ Corporation. On December 31, 2021, ABC ...

A: A dividend refers to the amount that the shareholders receive from the company in which they have in...

Q: Globalization rule in determining the taxable income of the taxpayer means that

A: c. The regular income of taxpayer from employment and business or profession, including other income...

Q: Common Shares ($5 par value, 2,000,000 authorized, 402,000 issued, and 400,000 outstanding) $2,010,0...

A: Outstanding shares are the number of shares which is held by the shareholders and which are entitled...

Q: cost of the ending work in process is closest to

A: Materials per unit = 229000/(40900+16800) = 229000/57700 = 3.9688 or 4   

Q: urin Ltd has been asked to give a quote for making a large piece of​ earth-moving equipment. The ord...

A: A relevant cost is a cost that only relates to a specific management decision, and which will change...

Q: The management of Russel Ltd. is trying to decide whether it can increase its c During the current y...

A:

Q: Pebble Beach Company buys a piece of equipment for $51,000. The equipment has a useful life of six y...

A: Depreciation expense refers to the fall in the value of the asset due to time usage, wear and tear, ...

Q: Which of the

A: This is a multiple-choice question in which we have to select the correct option. 

Q: During the measurement period, which of the following may affect the amount of goodwill from busines...

A: Measurement period refers to the reasonable time period after the date of acquisition when acquirer ...

Q: Staley Inc. reported the following data:Net income $396,200Depreciation expense 61,250Loss on dispos...

A: Statement of cash flows forms a part of financial statements and is prepared with a view to show the...

Q: A Manager of MUUG Corporation received the following remunerat Gross salaries, net of SSS, PHIC and ...

A:   Manager of MUUG Corporation received following Compensation Gross Salaries, Net of SSS, PHIC an...

Q: LLED has purchased a new chip making machine for $1,500,000 with a salvage value of $100,000 in 10 y...

A: Straight-line depreciation per year=Cost of asset-Salvage valueUseful life

Q: Unadjusted account balances at December 31, 2019, for Rapisarda Company are as follows:             ...

A: Journal Entries Date Account Titles and Explanation  Debit   Credit  A Depreciation Expenses  $...

Q: 5.Pedro earned and incurred the following income and expenses: Compensation (exclusive of mandatory ...

A: Graduated tax rates in Philippines is applied to the business taxable income , the individuals who h...

Q: Use Lie TOIOWIny OiatiUIT TOI LTe CxeiciseS pelow. (Aiyu) [The following information applies to the ...

A: The accounting equation states that assets equal to sum of liabilities and equity. Assets = Liabilit...

Q: 0 Variable Manufacturing Overhead ……………. $7.00 Fixed Manufacturing Overhead…………........................

A: The margin of Safety : The premise behind the margin of safety is that an investor should only acqui...

Q: Mike is single, age 67, and has gross income of $150,000. His expenses are as follows: Alimony paid ...

A: Taxable income refers to base income on which person is liable to tax . It include some or all items...

Q: This project covers general partnership basis issues including computation of partners' adjusted bas...

A: The significant tax implication for the year are summarized by calculating the Adjusted tax basis of...

Q: Accounting Dream Big Pillow Co., pays 65% of its purchases in the month of purchase, 30% the month a...

A: A cash budget details the predicted sources as well as uses of cash over a given time period. This b...

Q: es erest income, net of final st of sales

A: Working: Allowable deductions from Gross income: →Salary expense →Interest expense →Rent expense →Ad...

Q: Which is not correct?

A: This is a multiple-choice question in which we have to select the correct option.

Q: An entrepreneur of a custom sign company is reviewing reports showing the cost of printing machines,...

A: The key purpose of accounting is providing information to the users. This is done by using the repor...

Q: On January 1, 2020, Oriole Company purchased 6% bonds, having a maturity value of $620,000 for $535,...

A: Solution A Bond represents a loan to company or government in return of this company pay a fixed rat...

Q: On January 1, 2019 Crampton Company acquired land on which to construct a new distribution warehouse...

A: The property plant and equipment are also called fixed assets, they consist long term assets like bu...

Q: Garry Santos, company chief accountant: “Mark, you are asking to8 Accounting principles are designed...

A: Ethical issues in Accounting There are many types of ethical issues which are incurred to the busine...

Q: Rick and Cindy Davis are married and file a joint return. They live at 3223 Taccone Ave., Apt. 37, M...

A: Information from Form W-2, Wages and Tax Statement. Rick Davis Amount ($) wages, tips and other...

Q: ABC Corporation has an investment of 4,000,000 shares in XYZ Corporation. On December 31, 2021, ABC ...

A: Normally dividend in form of stock is to be issued when company has less cash reserves.   

Q: 19. Firm X has a Return on Equity (ROE) equal to 15%, a total debt ratic equal to 0.6. If the firm h...

A: Ratio analysis of the financial statement helps in evaluating the performance of the company as comp...

Q: The projected benefit obligation was $340 million at the beg the year, pension benefits paid by the ...

A: Service cost  Service Costs are the Consultant's predetermined monthly costs for the performance of ...

Q: (d) At 30 June 2002 a company had Klm 8% loan notes in issue, inter yearly on 30 June and 31 Decembe...

A: Statement of comprehensive income The statement of comprehensive income includes revenue and expendi...

Q: Based on the information below: a. Seller sold merchandise on account to the buyer, $4,750, terms 2/...

A: The perpetual inventory system records the sales and cost of goods sold as and when they are incurre...

Q: Which of the following taxpayers is taxable on income from all sources within and outside the Philip...

A: Tax is the liability for the individual or corporation that is calculated on the income earned. It i...

Q: Undeclared dividends (in arrears) to cumulative preferred stockholders must be filed to. in the note...

A: Dividends are payments made by a company to its shareholders in the form of cash, stock, or other pr...

Q: laremore Industries uses a weighted-average process-costing system. All materials are added at ne be...

A: Solution: Ending work in process refers to the costs which have been added to the production but the...

Q: 7.Domex Corporation is a resident foreign corporation. It shows the following for the taxable year 2...

A: A foreign corporation in Philippines, whether resident or non-resident, is taxed only on income deri...