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Morgarella [4.7K]
2 years ago
12

Mr. Benjamin salgado invested his savings to salgado and delgado construction corporation amounting to php500,000 in cash and eq

uipment worth php250,000.00
Business
1 answer:
ohaa [14]2 years ago
7 0

Answer:

Mr. Benjamin has invested total php 750,000 in Salgado and Delgado construction corporation.  

Explanation:

The investment made by Mr. Benjamin in cash and as an equipment both will be considered as investment made in the company. The percentage of stake will be calculated by considering both forms of investments. Mr. Benjamin will have controlling stake in Salgado and Delgado corporation. The company can receive dividends according to percentage of stake declared by the company.

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Prepare journal entries to record the following transactions and events, based on the assumption that the nonprofit uses a singl
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Answer:

1. Apple Stocks             Dr. $75,000

  Deferred Donation Income   Cr. $75,000

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Explanation:

1. when stocks are received subject to a condition that we can't recognize donation income. therefore it is recorded as liability. please note that deferred income is called as liability.

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5 0
3 years ago
Su Industries has international subsidiaries in Asia. These subsidiaries enter into transactions in both the US dollar and local
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2 years ago
Pacific Division has the following information:
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Answer:

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\left[\begin{array}{cccc}&Continued&Discontinued&Differential\\Sales&1,200,000&0&-1,200,000\\Variable&-640,000&0&640,000\\Allocate cost&-620,000&-620,000&0\\Result&-60,000&-620,000&-560,000\\\end{array}\right]

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3 years ago
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I used an excel spreadsheet because there is not enough room here.    

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