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!
Vixen Ltd owns all the share capital of Post Ltd and the income tax rate is 30%. In February 2020, Post Ltd sold inventories to Vixen Ltd for $12 000, at a mark-up of 50% on cost. One-third of this inventory were unsold by Vixen Ltd at 30 June 2020, the rest were sold to external entities. In December 2019, Vixen Ltd paid a $1500 interim dividend.
Required
Question 1: In relation to the above intragroup transactions prepare the appropriate general journal entries for the consolidation worksheet at 30 June 2020.
The Statement of Cash Flows is an extremely important concept and is, in my opinion, the most important of the financial statements. There are two different methods for preparing a cash flow statement that are acceptable according to GAAP. One is use..
On August 1, Clayton Co. issued 1,300,000 of 20 year, 9% bonds, dated August 1, for $1,225,000. Interest is payable semi annually on February 1 and August 1. Present the entries to record the following transactions for the current year. Accural of in..
he equipment was ready for use on April 1, 2012, but the company did not start using it until May 1, 2012.
Adjusting Entries: Unearned rent at 1/1/1X was $5,000 and at 12/31/1X was $8,000. The records indicate cash receipts from rental sources during 201X amounted to $40,000, all of which was credited to the Unearned Rent Account. You are to prepare the m..
Deducted in computing the cost-to-retail ratio. Employee discounts.Abnormal shortages.Sales returns.
Recast the income statement for December 31, 1998, so that it includes comprehensive income - even though not allowed by the FASB, compute the EPS for comprehensive income.
Enter up the Sales Day Book and the returns inwards day book from the following details. Then post to the customers accounts and show the transfers to the General Ledger.
the objective of the course project is to examine the financial statements of a publicly traded company.get an annual
Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud? What is horizontal analysis of financial..
identify your specific concept and briefly explain how it appears in the film
Compute the gain or loss on the disposal for financial reporting purposes. Explain how the gain or loss would be reported in the company’s income statement.
computation of cash conversion cycle from income statement and balance sheet.the hopewell pharmaceutical companys
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