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Questions -
Q1. On January 1,2021 ABC acquired 90% of DEF. Analysis of data relative to this purchase indicated that goodwill of P70,000 was acquired in this purchase. The goodwill in unimpaired. On July 1,2021, DEF sold a patent to ABC. The sales price was P140,000. DEF's book value was P70,000. DEF estimated that the patent has a life of 5 years and no salvage value. It will use straight line depreciation. For 2023, ABC's net income is P560,000 from its own operations. DEF had net income of P140,000. What the 2023 net income attributable to equity holders of ABC?
Q2. On January 1,2020, ABC Co. acquired 70% of DEF Inc. at book value. On December 31,2021 DEF sold a machine to DEF for P112,500. The machine on DEF's books has a book value of P75,000. ABC will use a 10-year life, no salvage value, and straight-line depreciation. For 2021, DEF reports net income of P137,500. Compute the non-controlling interest in net income of subsidiary?
Evaluate what is the purpose of the debt service fund? Find what is inter-period equity? How does inter-period equity affect capital project and debt services funds?
$2 billion share repurchase program. One reason that Tesla may want to repurchase its own stock is to signal to the market that its shares are overvalued
Jerry is confused about the partnership characteristics of mutual agency and unlimited liability. Briefly explain these two characteristics for Jerry.
Evaluate financial accounting information and standards. Describe the various theoretical and philosophical approaches to accounting
What is the company's wacc? 7,000 6.8 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 104 percent of par.
Payroll information when setting up QuickBooks Payroll. You want to enter each employee's pay history in one place. Where do you begin this process?
Explain how a given investor chooses an optimal portfolio, and discuss whether this choice must always relate to a diversified portfolio.
On January 1, 2023, the lease agreement is modified, What is the balance of the lease liability as of January 1, 2023 after considering the modification?
Compute the account balance at the end of the sixth year. Compute the amount of each payment that Linda must make at the end of each of the six years to accumulate the $40,000.
Which Efforts by the Federal Reserve Bank (the Fed) to control the money supply and interest rates are known as? securities policy.
computation of depreciation under various methods.jon seceda furnace corp. purchased machinery for 315000 on may 1
A company has the following cash flow operating (30) from investing (45) from financing 90 what stage best describes this company
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