Reference no: EM132669917
Question - Joyce Corporation acquired 60 percent ownership of Ria Company on January 1, 2014 for P525, 000. The purchase differential was assignable entirely to a depreciable asset with a remaining economic life of 10 years at the date of acquisition. On that date, the following amounts were reported in the shareholders' equity by Ria Company
Ordinary Shares P300,000
Capital in Excess of par value 150,000
Accumulated profits 300,000
In the consolidated statement of financial position prepared as of December 31, 2017, the non-controlling interest was reported at P348, 000. Joyce reported operating income of P150,000 during the 4-year period and paid dividends of P67,500. Joyce had accumulated profits of P900, 000 on the date of combination.
Required - Determine the consolidated accumulated profits as of December 31, 2017.
Compute the activity rate for each activity cost pool
: Hubs require special equipment and are more complex to manufacture than Sprockets. Compute the activity rate for each activity cost pool
|
Describe five internal control weaknesses in everyday supply
: Describe five internal control weaknesses in Everyday Supplies' internal control for the cash receipts and billing functions and explain why
|
Post a logic model and theory of change for a practitioner
: Post a logic model and theory of change for a practitioner-level intervention. Describe the types of problems, the client needs, and the underlying causes.
|
How an income statement budget could be created
: Discuss how an income statement budget could be created for a year starting with the sales budget through the SG&A budget.
|
Determine the consolidated accumulated profits
: Joyce reported operating income of P150,000 during the 4-year period and paid dividends of P67,500. Determine the consolidated accumulated profits
|
What is compassionate nursing
: What does it mean to be a patient advocate, and why is that important? In your own words, what is compassionate nursing? How can you avoid burnout as a medical.
|
Explain the implications for the audit
: Provide four (4) possible explanations for the results of the various ratios for Nova Ltd and explain their implications for the audit
|
Compare the major sources and uses of cash
: Compare the major sources and uses of cash under investing activities, and under financing activities, for each of the companies. Provide amounts
|
Evolution of the field of microbiology
: Make a concept map that shows the evolution of the field of microbiology including the important people, discoveries, and impact of microbes on humans.
|