A reconciliation of the Investment in Tarlac Branch account of Manila Company and the Home Office account carried in the books of the branch shows the following discrepancies at December 31, 2021: > A credit for merchandise allowance for P3,000 was taken by the branch as P3,600. > A charge by the branch of P5,500 for an advance taken by the president when he visited the branch has not yet been recorded by the home office. 3. The branch has not taken up P9,000 covered by a debit memo from the home office as share in advertising expenses. The Investment in Tarlac Branch account in the home office books had a de bit balance of P430,000 at December 31, 2021. The reciprocal accounts were in agreement at the beginning of the year. What is the unadjusted balance of the Home Office account in the books of the branch on December 31, 2021?

A reconciliation of the Investment in Tarlac Branch account of Manila Company and the Home Office account carried in the books of the branch shows the following discrepancies at December 31, 2021: > A credit for merchandise allowance for P3,000 was taken by the branch as P3,600. > A charge by the branch of P5,500 for an advance taken by the president when he visited the branch has not yet been recorded by the home office. 3. The branch has not taken up P9,000 covered by a debit memo from the home office as share in advertising expenses. The Investment in Tarlac Branch account in the home office books had a de bit balance of P430,000 at December 31, 2021. The reciprocal accounts were in agreement at the beginning of the year. What is the unadjusted balance of the Home Office account in the books of the branch on December 31, 2021?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Plppi Aaia of S C acell(PASUC 45,939,500.00 1:37 U v O 4G 4 0 Statement of Financial Position December 31, 2018 and 2019 2019 2018 Assets 2,030,500.00 Cash Marketable Securities 1,191,000.00 4,002,000.00 4,383,500.00 208,500.00 18,384,500.00 379,500.00 28,132,000.00 2,636,000.00 4,704,000.00 Accounts Receivable Allowance for Doubtful Accounts - Inventories 224,000.00 - 23,520,500.00 256,000.00 Prepaid Expenses Total Current Assets 32,923,000.00 20,303,500.00 Property, Plant and Equipment Less: Accumulated Depreciation 13,253,500.00 3,765,000.00 9,488,500.00 5,764,000.00 14,539,500.00 Other Assets Total Assets 186,500.00 47,649,000.00 334,000.00 37,954,500.00 Liabilities and Equity Accounts Payable 7,147,000.00 2,807,000.00 942,000.00 2,834,500.00 3,795,500.00 Notes Payable Current Portion of Long-term Debt 3,006,000.00 758,000.00 2,656,500.00 317,500.00 8,487,500.00 Accrued Liabilities Deferred Income Tax Long-term Debt Total Liabilities 421,500.00 10,529,500.00 24,681,500.00…
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If the fixed assets 9 250 ID ,-3 Current assets 11 600 ID , short term liabilities 2 04O ID , Long term liabilities 5 40O ID , the capital in 31/12 (.. .) are 13 410 ID. 14 310 ID. O 12 210 ID. O
QUESTION 9 Fill in the blanks below:
of current year, an equipment was leased to another entity France Company is a dealer in equipment. At the beginning Problem 14-15 (IAA) with the following provisions: Annual rental payable at the end of each year Lease term and useful life of machinery Cost of equipment Residual value-unguaranteed Implicit interest rate PV of an ordinary annuity of 1 at 12% for 5 periods PV of 1 at 12% for 5 periods 1,500,000 5 year 4,000,000 500,000 12% 3.60 0.57 At the end of the lease term the equipment will revert to the lessor. The entity incurred initial direct cost of P200,000 in finalizing the lease agreement.
Question 16 of 30: A provision of % should be made on loss assets 50% O 100% O 150% O 75%
Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals Credit $ 129,000 11,400 10,400 4,400 34,000 240,000 54,000 440,000 340,000 17,000 34,000 4,400 $923,200 $923,200 Debit $11,400 144,000 5,400 27,000 340,000
write the following numbers in millions 11067, 1654, 647, 18779, 7623, 3099
Q. 14
Capital Rationing Decsion Involving Four Proposals Kopecky Industries Inc. Is considering allocating a limited amount of capital Investment funds among four proposals. The amount of proposed Investment, estimated income from operations, and net cash flow for each proposal are as follows: Project Uniform victor Sierra Tango Name Investment $900,000 Investment $2,770,865 Investment $1,762,515 Investment $1,040,013 Income Income Income Income Net Cash Net Cash Net Cash Net Cash from from from from Flows Flows Flows Flows Year Operations Operations Operations Operations $84,000 $240,000 $294,500 $950,000 $207,000 $450,000 $109,000 $390,000 84,500 240,000 294,775 950,000 207,000 450,000 109,000 390,000 85,000 240,000 295,050 950,000 207,000 450,000 109,000 390,000 85,500 240,000 295,325 950,000 207,000 450,000 109,000 390,000 5. 86,000 240,000 295,600 950,000 207,000 450,000 109,000 390,000 Total $425,000 $1,200,000 $1,475,250 $4,750,000 S1,035,000 $2,250,000 $545,000 $1,950,000 Present…
Given the information in the table below, what is country A's real aggregate product in B$ at constant purchasing power of year 2 for years 1, 2, and 3 respectively? Remember: step 1, make sure that the general price index has the correct base year; step 2, transform the nominal aggregate product in A$ into the real aggregate product in A$ using the correct general price index; and step 3, transform the real aggregate product in A$ into the real aggregate product in B$ using the correct exchange rate (and pay attention that exchanges rates are BS/A$, so you may need to use division or multiplication). Year 1 Year 2 Year 3 Country A's nominal aggregate product in the local currency A$. A$1000 A$1500 A$1800 1.000 1.250 1.200 Country A's general price index. Country B's nominal aggregate product in the local currency BS. B$2160 B$2592 "B$3888 0.500 0.625 1.000 Country B's general price index. Market exchange rate (BS/AS). 1.00 1.20 1.35 PPP exchange rate (BS/AS). 1.50 1.80 2.00
40"l1贪A N 65% D 3:19 +968 9925 1453 8 minutes ago These are selected account balances on December 31, 2011. Land (location of the corporation's office building) $100,000; Land (held for future use) 150,000; Corporate Office Building 600,000; Inventory 200,000; Equipment 450,000; Office Furniture 100,000; Accumulated Depreciation 300,000. What is the total amount of non- current assets that will appear on the statement of financial position? Select one: a. $1,100,000 b. $1,300,000 C. $1,600,000 d. $950,000 口口