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Chocolate Bhd holds 80% of the equity shares of Vanilla Bhd, which was acquired on 1 January 2012 for RM2.5 million. The partial goodwill on consolidation recognised was RM500,000. On 1 January 2014, Chocolate Bhd disposed of 25% of its shares in Vanilla Bhd for RM1 million and the fair value of the net assets of Vanilla Bhd on that date was RM4.5 million. The remaining shares had a fair value of RM4.0 million. As at 1 January 2014, goodwill on consolidation remains unimpaired.
Question 1: Compute the gain or loss on the disposal of shares for Chocolate Bhd's financial statements and for the group's consolidated financial statements.
Suppose your company needs to raise $10 million to construct a a new manufacturing facility. You are the Treasurer and have recommended to the CFO that the company raise $10 million by selling 30-year, $1,000 par value bonds with a coupon rate of 6%...
For a company which produce its products in batches, the CEO'S salary is a __ cost.
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On June 30, 2015, Morey paid $560,000 for an additional 70 percent of Amsterdam, thus increasing its overall ownership to 95 percent. The price paid for the 70 percent acquisition was proportionate to Amsterdam's total fair value.
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Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary al..
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What type of fund should St. George County use to account for the retained percentage? Explain your answer.
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