Image transcription text6. Menudo Inc. acquired a welding machine with an invoice price of P 3,360,000 subject to a cash discount of 5% which was not
Image transcription text
6. Menudo Inc. acquired a welding machine with an invoice price of P 3,360,000 subject to a
cash discount of 5% which was not taken. Menudo incurred freight and insurance during
shipment of P 100,000 and testing and installation cost of P 150,000. Menudo als… Show more
cash discount of 5% which was not taken. Menudo incurred freight and insurance during
shipment of P 100,000 and testing and installation cost of P 150,000. Menudo als… Show more
Image transcription text
7. What is the cost of the land? * Saint Beatrice Co. made the following purchases for the year: –
Purchased for Php5,400,000, including appraiser fee of Php50,000, a warehouse building and
a land on which it is located The land had an appraised value of Php2,000,000 an… Show more
Purchased for Php5,400,000, including appraiser fee of Php50,000, a warehouse building and
a land on which it is located The land had an appraised value of Php2,000,000 an… Show more