User Account

All Pages

Calculate the cost of control or capital reserve

Assignment Help Financial Accounting
Reference no: EM133002333

Question - On 30 June 2017, two-third of the shares of S Ltd. (with a total capital of Rs.48,00,000) was acquired by H Ltd. the balance sheet of S Ltd. showed a debit balance of Rs.24,00,000 or 1 January 2017 and a credit balance of Rs14,40,000 on 31 December 2017. The investment by H Ltd. in shares of S Ltd. is Rs.36,00,000. Calculate the cost of control or capital reserve.

Reference no: EM133002333

Questions Cloud

What are the total equivalent units for conversion costs : The ending work in process inventory was 4,800 ounces (70% complete). What are the total equivalent units for conversion costs
Identify the three personal financial statements : Identify the three Personal Financial Statements that can provide a summary of an individual's financial position
What will be the impact on abcs profit : ABC Company needs 1,000 components for one of its products. What will be the impact on ABC's profit if they choose to subcontract production of the component
What stands out to you when you think about restorative : What stands out to you when you think about Restorative Justice? Do you think these principles might be useful in the Healthcare Administration Field?
Calculate the cost of control or capital reserve : The investment by H Ltd. in shares of S Ltd. is Rs.36,00,000. Calculate the cost of control or capital reserve
What is the amount of monetary loss or gain from assets : Consider the following monetary assets and liabilities: Average Index Number 150. What is the amount of Monetary Loss/ Gain from assets
Assignment - Timeline of the History of Medicine : Choose one key event in the Timeline of the History of Medicine. Research and write a one-page paper on the discovery you choose
What amount of gain as a result in the change : What amount of gain (loss) as a result in the change in value of the biological asset to be reported in the statement of comprehensive income for the year
How much money is required today to fund perpetuity earning : Question - How much money is required today to fund a perpetuity earning 5.65% annually that needs to pay out $17,000 at the end of each year

Reviews

Write a Review

Financial Accounting Questions & Answers

  Record the entry of furley using the goodwill method

Assume Furley puts into the partnership $350,000 of cash and is awarded a 40% interest. Record the entry of Furley using the goodwill method.

  Conversion costs under the weighted-average method

Valley Manufacturing Corporation's beginning work in process inventory consisted of 13,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The equivalent unit cost was computed to be $2.7 for mat..

  Prepare income statement for air temp manufacturing company

Prepare the January income statement for Air Temp Manufacturing Company and determine the inventory balances at the end of the first month of operations.

  Calculate the loan outstanding

The interest rate applicable is j2 = 8% p.a. applicable for the first five years, Calculate the loan outstanding at the beginning of each five-year interval

  Compute total overhead cost applied to job

Compute the total overhead cost applied to Job 407. Would you expect substantially different amounts of overhead cost to be charged to some jobs if the company used a plantwide overhead rate based on direct labour cost instead of using departmental..

  Discuss the corporate social responsibility

Discuss the CORPORATE SOCIAL RESPONSIBILITY of each company - How important is the conceptual framework, and above pictured 8 principles of corporate governance are for the chosen companies

  Considering possible financial restructurings to increase

You are considering possible financial restructurings to increase your company’s credit rating that include strengthening financial ratios typically used to assess liquidity and solvency by rating agencies.

  For each site compute the net present value

For each site, compute the net present value.-  Use the The sum of the present values of a series of equal cash flows to be received at fixed intervals.

  Determine the amount that ainul will have to pay each year

The tenure of loan is for 7 years at an interest rate of 8% per annum. Determine the amount that Ainul will have to pay each year for 7 years?

  What is the IRR for Project A

Bruin, Inc., has identified the following two mutually exclusive projects: What is the IRR for Project A? What is the IRR for Project B

  What is the character of any gain or income recognized

Sam and Drew are equal partners in SD LLC formed on June 1 of the current year. Sam contributed land that he inherited from his uncle in 2007. Sam’s uncle purchased the land in 1982 for $30,000. How much gain or income will Sam recognize on his contr..

  What price is the bond trading for now

3% coupon rate and semiannual coupons. Suppose you are told that its yield to maturity has increased to 3.0% (APR). What price is the bond trading for now?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd