Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Exchange of One Financial Asset into Another Financial Asset
Uranus Company owns 8,000 convertible preference shares of which was acquired in 2017 at a cost of P400,000. The investment was classified as trading securities. On December 31, 2017, the fair value of the preference shares was P425,000. On March 31, 2018, Uranus Company converted the 4,000 preference shares into 6,000 shares of ordinary shares, when the market price was P50 per share for the preference shares and P40 per share for the ordinary shares.
Question 1: Compute for the gain on exchange to be recognized in 2018.
Question 2: Give the journal entry on March 31, 2018.
Formulas for Compute the Ending Inventory Year 1 Year 2 Units in beginning inventory 0 2,000 Units produced during the year 10,000 6,000 Units sold during the year 8,000 8,000 Units in ending inventory 2,000 ?
Compute the variable overhead rate variance and Compute the variable overhead efficiency variance (VOEV).
Calculation of Cash and Cash equivalents with given information - What amount should be shown in Tulips December 31, 2009, balance sheet as "Cash and cash equivalents"?
The total costs comprise two-thirds variable and one-third fixed. The directors consider that as product X shows a loss it should be discontinued.
What annualized yield is it offering to investors? (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Explain with a graph how SML is different from CML. Why CAPM equation might be more relevant than other equations when calculating required rate of return.
The Aja Co. expects to produce 2,000 baskets in 2016. Each basket requires 2 pounds of plastic. Aja has 225 pounds of plastic on hand at the end of 2015, and it wants to have 190 pounds on hand at the end of 2016. How many pounds of plastic does Aja ..
Identify six different groups of users of financial statements, who would be interested in this company (ensure that both internal and external users are fairly represented).
Summarize the impact of foreign exchange rates on the company's financial statements. What risks do foreign exchange rates pose?
Calculate the cash flow ratios for each company and then create an industry average of all four companies. Comment on how well you think your industry average would work as a guide when analyzing other firms in this industry.
A cost behavior analysis indicates that 75% of the cost of goods sold are variable, 42% of the selling expenses are variable, and 40% of the administrative expenses are variable.
The difference between the costs at the high and low levels of activity represents the fixed cost element of a mixed cost
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd