Mr. XYZ is negotiating to buy a parcel of property for his business. The seller of the property is asking for P1,700,000 for the property. The assessed value of the property for tax purposes of P 1,250,000. The property is presently insured by the owner for P 1,350,000. Mr. XYZ, originally offered the seller P 1,300,000 for the property. Mr. XYZ and the seller have agreed on a purchase price of P 1,500,000. Shortly after the purchase is made by Mr. XYZ, he is offered P 1,750,000 for the same property. At what price would Mr. XYZ record the property on the books of his business?

 

Ms. QWE began a business on April 1, 2021, contributing to the business the following assets: Cash, P 3,000,000; Office Supplies, P 275,000; Office Equipment, P 700,000; Furniture and Fixtures, P 2,100,000.

What is the total value of the assets that Ms. QWE contributed to the business?

Determine the value of Ms. QWE's ownership of the business.

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Compute for the amount of Revenue from Monthly clients * Berthold Tax Services Income Statement For the Year Ended April 30, 2020 Revenue: Revenue from Income Tax Preparation Revenue from Monthly Clients Total Revenue Expenses: Salaries Expense Advertising Expense Rent Expense Automobile Expense General Office Expense Total Expenses Net Income P ? 900 6,000 1,300 7,500 2 points P 21,300 2 ? P 28,200 P.36.900 Compute for the amount of Revenue from Monthly clients * Berthold Tax Services Income Statement For the Year Ended April 30, 2020 Revenue: Revenue from Income Tax Preparation Revenue from Monthly Clients Total Revenue Expenses: Salaries Expense Advertising Expense Rent Expense Automobile Expense General Office Expense Total Expenses Net Income P ? 900 6,000 1,300 7,500 2 points P 21,300 2 ? P 28,200 P.36.900