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Question - Pi Company owns 85% interest in So Company. During the year, Pi Company reported net income of P200,000 and paid cash dividends of P150,000. So Company reported a net income of P80,000 and paid cash dividends of P40,000.
During the year, So Company sold merchandise costing P37,500 to Pi Company at a price that yields a 25% gross profit rate. Pi Company reported that 20% of the shipment from So Company are on hand at December 31. Loss on impairment of goodwill during the year is P10,000. The parent is using full goodwill approach in measuring NCI. Compute the net income attributable to NCI?
For the FY 2018, Frederick Company had net sales of $1,100,000 and net income of $75,000, Determine the Times Interest Earned Ratio
Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, its quick ratio is 1.0. What is firm's level of current liabilities
Assuming that a 12% interest rate properly reflects the time value of money in this situation. Determine which option Kiddy should choose
Determine the net present value of the project and the present value index. If required, use the minus sign to indicate a negative net present value.
on september 25 2010 a hurricane destroyed the work in process inventory of biloxi corporation. at that time the
The following data consists of 6 homes with variables Price = sale price in tens of thousands of dollars, Floor = floor size in thousands of square feet, and Lot= lot size.
Finozest Solutions Limited (Finozest) is involved in transporting commodities from Lilongwe to Lusaka. What is the interest rate implicit in the finance lease
Gross proceeds from the offering amounted to $850,000,000. The discount on the Senior Discount Notes is being accreted under the effective interest method.
Write a paper that discusses your own consumption practices over the last ten years. List and explain the ways that online consumption activities
Identify each of the company's expenses (including cost of goods sold) as either variable, fixed, or mixed - Using the high-low method, separate each mixed expense into variable and fixed elements.
Comment on what these graphs indicate about how well your company performed in the past - the monthly stock price for the past five years compared to other companies in the same industry.
On December 1, 2017 Jog, Inc., declared and paid cash dividends of $100,000. Prepare journal entries on the December and January
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