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Vivian Ltd acquired a 30% investment in Nori Ltd for $40,000. Vivian Ltd is a parent entity who prepares consolidated financial statements. During the year ended 30 June 2021, Nori Ltd declared and paid a dividend of $8,000?
Problem 1: Which of the following is part of the consolidation adjustment entries to record the dividend declared by Nori Ltd?
Option 1: Cr. Investment in associateOption 2: Dr. CashOption 3: Cr. Dividend revenue Option 4: Dr. Share of profit of associate
Division 1 and Division 2 wants to buy the part from Division 1. What is the minimum the transfer price, rounded to the nearest one dollar?
The monthly payment on a 1,000,000 15 yr. mortgage at 6% is 8,438.57 per month. How much of that 1,000,000 on day 1 is deemed to be "current portion of mortgage payable"?
Suppose a firm's stock is selling for $20. It just paid a $1.00 dividend, and dividends are expected to grow at 4.7% per year. What is the required return
Assuming a capital preservation approach, how much will Reed need to have accumulated on the day that he retires to adequately provide for retirement lifestyle.
Purchase furniture and equipment costing $33,000. A cash payment of 12,000 was made immediately; the reminder will be paid in 6 months
Assuming Ayayai is a private company that applies ASPE, prepare the appropriate journal entries at December 31, 2019, and December 31, 2020, under situation 1
Electronic Wonders reports net income of $95,000. The accounting records reveal Depreciation Expense of $50,000 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $40,000, $23,000, and $20,000, respectively. Prepare the..
Based on your working on an amortisation table, how much principal and interest would have your company paid after the first four months of payments?
Cane, Assume that Cane normally produces and sells 40,000 Betas per year. If Cane discontinues Beta product line, how much will profits increase or decrease?
Bravo wants to have a FY 2016 operating income of $40,000. Determine the number of units of Widgets that Bravo must sell in FY 2016 to meet this goal.
The results of KPMG surveys of corporate social reporting, explain these large scale shifts in both report production and the names being given to the reports.
What the amount for the credit losses in the statement of profit or loss and other comprehensive income for the year ended 28 february 20.8 will be
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