21 22 Question 22Kyle Ortega Enterprise had a revenue of P50,000, P35,000 of which was collected. The company incurred expenses worth P25,000, wherein onlyP10,000 was paid in cash.How much should be recognized as expenses?Note: Do not use Peso sign or "P". If the answer has decimal amount, round off your answer to two decimal places. For example, if your answer isP90,000, you should type 90,000 Question 21Kyle Ortega Enterprise had a revenue of P50,000, P35,000 of which was collected. The company incurred expenses worth P25,000, wherein onlyP10,000 was paid in cash.How much should be recognized as revenues?Note: Do not use Peso sign or "P". If the answer has decimal amount, round off your answer to two decimal places. For example, if your answer isP90,000, you should type 90,000

Hi student Since there are multiple questions, we will answer only first question.

Question 22 Kyle Ortega Enterprise had a revenue of P50,000, P35,000 of which was collected. The company incurred expenses worth P25,000, wherein only P10,000 was paid in cash. How much should be recognized as expenses? Note: Do not use Peso sign or "P". If the answer has decimal amount, round off your answer to two decimal places. For example, if your answer is P90,000, you should type 90,000

Question 22 Kyle Ortega Enterprise had a revenue of P50,000, P35,000 of which was collected. The company incurred expenses worth P25,000, wherein only P10,000 was paid in cash. How much should be recognized as expenses? Note: Do not use Peso sign or "P". If the answer has decimal amount, round off your answer to two decimal places. For example, if your answer is P90,000, you should type 90,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

33 34
Bumgardner Incorporated has provided the following data concerning one of the products in its standard cost system. Inputs Direct materials Standard Quantity or Hours per Unit of Output 8.0 liters Standard Price or Rate $ 5.00 per liter The company has reported the following actual results for the product for April: Actual output Raw materials purchased 7,400 units 65,400 liters $ 5.70 per liter 59,210 liters Actual price of raw materials Raw materials used in production The raw materials price variance for the month is closest to: (Round your intermediate calculations to 2 decimal places.)
un.3
Only EX 13-11 please and thank you?
37. Choices: a. P7,092,000, P1,110,130, and P756,130 b. P9,616,000, P1,791,610, and P1,437,610 c. P9,616,000, P1,653,370, and P756,130 d. P9,104,000, P1,653,370, and P1,299,370
7-3 A
26 27 28 A Moving to the next question prevents changes to this Question 2 What is the definition of liability on the Balance Sheet? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Arial BIUS Paragraph In 99 Ω
18 pts Multiple Functions 88 MULTIPLE CHOICE Question 2 ◄ Listen When f(x)=-3x-6 and g(x) = x²-x-6, what is ? A B C f 54 g = 3 fg = -3 x-3x=3 f 51 g = -2x+2; x=1
C B A Question 2 Listen What is tane for the given triangle? 13 53 12 25 55 13 12 13 e
Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours 18.3 Wait time Process time Move time Queue time 1. 1 Inspection time 0.1 2.0 9.1 The manufacturing cycle efficiency (MCE) was closest to: (Round your intermediate calculations to 1 decimal place.)
How to do
17 18