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Question 1: In 2010, CI had purchased a subsidiary of ABC Inc. and agreed to pay additional future consideration for the purchase (the consideration would take the form of additional CI shares). The additional consideration was a function of the profitability of the subsidiary. The more profitable the subsidiary, the more shares that CI would issue as consideration. Given that CI's shares are highly volatile, CI and ABC agreed that the number of shares to be issued should be based on the average price per share in the three months prior to the future issuance date of the shares. So far, the subsidiary has been performing above expectation.
ABC Co. is a manufacturer of escalators and elevators. The following provides information on two types of property, plant, and equipment as at the end of fiscal year 2014:
The Bottling Department of Rocky Springs Beverage Company had 3,100 ounces in beginning work in process inventory (70% complete).
kenneth invernesss weekly gross earnings for the week ending december 18 were 2480 and his federal income tax
Prepare a schedule computing the net cash flow from operating activities that would be shown on a statement of cash flows using the indirect method
Prepare any journal entry necessary as a direct result of the change as well as any adjusting entry for 2011 related to the situation described.
family supermarkets has decided to increase the size of its lansing store. it wants information about the profitability
Below is the summary of the subsidiary's expected pre-tax cash flows for the first five years in each location. Even though most operating cash flows will be in pesos or bahts, the company anticipates some US dollar denominated expenses.
Why do you think Jon is taking weeks to directly communicate with stakeholders about the new system? Why do you think Jon and the system administrators decided to outsource the software for this system to an ERP company rather than developing it from..
Temperance is now preparing an estimate for monthly 20000 units on the basis of data presented. Compute the most accurate sales forecast possible
Accrued taxes and expenses payable 42,000, Long-term debt 120,000. Compute the Return on common stock equity
Why would you be interested in reviewing its statement of cash flows? What additional information can you gather from the statement of cash flows?
Using financial accounting standards, discuss the correctness of this treatment. If you believe an entry have been made, prepare that entry and discuss why.
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