User Account

All Pages

Determine the gain or loss on disposal of shares

Assignment Help Accounting Basics
Reference no: EM133075098

Question - John Company owns 80,000 shares of Carlo Corporation's 100,000 outstanding common shares, acquired at book value. The December 3], 20x4, consolidated balance sheet presented by John and Carlo included net assets of Carlo in the amount of P600,000. On January 1, 20x5, John sells 10,000shares (10%) of its Carlo stock to unrelated parties for P70,000. Determine the gain or loss on disposal of shares to be recognized in the profit or loss statement.

Reference no: EM133075098

Questions Cloud

Determine the amount of the american opportunity credit : Dante is a full-time student and claimed as a dependent by Paola and Isidora. Determine the amount of the American Opportunity credit for 2021
What specific actions can louisville city fc leaders take : What specific actions can Louisville City FC leaders take to address each scenario?
List two factors that influence the benchmark : List two factors that influence the benchmark for a given security, assuming the benchmark is government securities?
Explain accrual basis and cash basis of accounting : Question 1: What is the difference between accrual basis and cash basis of accounting?
Determine the gain or loss on disposal of shares : ohn sells 10,000shares (10%) of its Carlo stock to unrelated parties for P70,000. Determine the gain or loss on disposal of shares
Describe two empirical facts about earnings announcements : Describe two empirical facts about earnings announcements in US equity markets, and explain how these facts do or do not support theories of behavioral finance.
Free cash flow to equity models : Financial Analysts most always keep financing cash flows separate from operating cash flows, for good reasons. However, the FCFE model mixes operating and finan
Describe the outlines of regulatory system : Please briefly describe the outlines of this regulatory system and then why you believe it failed us so spectacularly in the financial collapse of the great re
Determining the estimated return for the underlying stock : You conducted multiple regression using quarterly data and found a slightly significant alpha of 0.006, a beta factor for the market of 1.15, and a beta factor

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd