4+ 4 CUC

Nellie Company provided the following information at the end of each year:                                       2020                2019Borrowings                 2,500,000            800,000Share capital               3,500,000         2,000,000Retained earnings.       950,000.            750,000 Borrowings of 300,000 were paid during 2020 and a new borrowing include P200,000 vendor financing arising on the acquisition of property.The movement in retained earnings comprised profit for 2020 of 900,000 and 700,000 net of cash dividend paid to the shareholders. The movement in share capital arose from issuance of share capital for cash during the year. What is the amount of net cash provided or used by financing activities?

The following information was obtained from XYZ Corporation:2023EBIT $200,000Interest $50,000Depreciation $100,000Dividends $55,0002022 2023Long-term debt $600,000 $600,000Capital spending was $150,000 in 2023. The net new equity issuance was $50,000 in 2023. Theapplicable tax rate was 30% in year 2023.Calculate the change in net working capital for 2023. Show your calculation.

9. Michael and Jackson are partners with capital accounts that had following transactions during 2020: the Michael Jackson Debit Credit P182,000 Debit Credit P175,500 Balance, January 1, 2020 February 28 P52,000 78,000 March 31 104,000 April 30 65,000 June 30 91,000 August 31 September 30 October 31 26,000 26,000 The Income Summary account has a credit balance of P663,000. Requirements: Prepare a statement of profit distribution for each of the following independent profit-sharing agreements: 1. In the average capital ratio. 2. Interest on average capital at 9 percent, salaries of P78,000 to Michael and P130,000 to Jackson, respectively, a bonus to Michael of 25 percent of net income after interest and salaries but before the bonus, and the balance.equally. 3. Interest at 10 percent on the amount by which the ending caplie balance exceeds the beginning balance and the balance equally. 4. Salaries of P104,000 and P156,000 to Michael and Jackson, respective a bonus to Michael of 25…

Determine the comprehensive income

Ashvin

Below is the history of Barn Corporation's E&P. What is the company's Accumulated E&P at the beginning of 2023? Year 2020 2021 2022 2023 O $20,000 $27,500 O $62,500 O $15,000 Current E&P Distributions $10,000 $20,000 $5,000 $0 $20,000 $30,000 $5,000 $7,500

Sandhill Corporation had a projected benefit obligation of $3,210,000 and plan assets of $3,371,000 at January 1, 2025, Sandhill also had a net actuarial loss of $444,740 in accumulated OCI at January 1, 2025. The average remaining service period of Sandhill's employees is 6.9 years. Compute Sandhill's minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss $ 62

Carla Vista Corporation had a projected benefit obligation of $2,890,000 and plan assets of $3,097,000 at January 1, 2025. Carla Vista also had a net actuarial loss of $437,680 in accumulated OCI at January 1, 2025. The average remaining service period of Carla Vista's employees is 7.9 years. Compute Carla Vista's minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss

T4.