KUNG AKO NA LANG SANA Company acquired land and building with fair value of P3,500,000 by issuing 30,500 shares with par value of P15 per share and quoted price of P75 per share. What is the initial cost of the land? C. 1,800,000 D. 3,500,000 A. 457,500 B. 2,287,500 MR. Co. a VAT-registered business, acquired a piece of equipment for P84,000 on account. The purchase is inclusive of 12% VAT. The credit term for this transaction is 1/10, n30, but MR. Co. did not avail of the discount. MR. Co. also incurred P45,250 cost of training the personnel who will be operating the equipment and installation cost of P10,250. After one month, MR. Co. decided to redeploy the equipment to another location. MR. Co. incurred P10,500 in the relocation and reinstallation. The cost of the equipment is A. 74,160 B. 119,410 C. 84,410 D. 94,910

KUNG AKO NA LANG SANA Company acquired land and building with fair value of P3,500,000 by issuing 30,500 shares with par value of P15 per share and quoted price of P75 per share. What is the initial cost of the land? C. 1,800,000 D. 3,500,000 A. 457,500 B. 2,287,500 MR. Co. a VAT-registered business, acquired a piece of equipment for P84,000 on account. The purchase is inclusive of 12% VAT. The credit term for this transaction is 1/10, n30, but MR. Co. did not avail of the discount. MR. Co. also incurred P45,250 cost of training the personnel who will be operating the equipment and installation cost of P10,250. After one month, MR. Co. decided to redeploy the equipment to another location. MR. Co. incurred P10,500 in the relocation and reinstallation. The cost of the equipment is A. 74,160 B. 119,410 C. 84,410 D. 94,910

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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