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Question - Company A acquires 80% of outstanding shares of Company B. On 1/1/2016, parent Company sold to subsidiary company machines at a price of 18,000 $, noting that the cost of machines in parent books was 25,000 $ and the balance of the accumulated depreciation of machines was 9,000 $, the remaining life of the machines is 4 years, and the machines were consumed using the straight-line method. Company B estimated the useful life of the machines as 3 years and decided to consume them using the sum-of-the-years method. The net profit of subsidiary at the end of 2016 is 40,000$, and 80,000$ in 2017.
Required - Find the difference of depreciation expense between parent and subsidiary in 2017?
Discuss which of the above activities would be viewed as value-added in the eyes of Prince Insurance's Customers. Give reasons for your answer. What non-value added activities and suggestions could be made at Prince Insurance to improve the claims ..
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the following information was taken from the inventory records of the peter park companyproductabcdereplacement
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The income statement does not disclose any detail on the operating expenses that were subtracted in determining operating profit, but refers readers to several.
Cash Conversion Cycle. Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the following firm.
top-quality stores inc. owns a nationwider chain of supermarkets. the company is going to open another store soon and a
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