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Problem 1: Wynyard Ltd owns a plantation forest. As at the end of the reporting period the fair value of the plantation forest including the land was $10.5 million. Wynyard Ltd needs to determine the fair value of the trees excluding the land to comply with AASB 141/IAS 41 at the end of its reporting period. How does Wynyard Ltd determine the fair value of the trees?
Calculate the increase in corporate income in the following situations - Division A sells 10,000 units to Division B for $150 each, and Division B produces and sells 10,000 units for $225.
The Zamboanga branch of Casio Corporation, Compute the balance as of December 31, 2017 of the Unadjusted Balance of the Home Office Account
Calculate the Effective Tax rate, calculate the provision for incomes taxes and prepare the journal entry to record income tax expense.
Provide your own assessment of whether using LIFO has made Ford Motor Company more or less (1) liquid and (2) well-off. Defend your answers.
Journalize the following until maturity date. On January 1, 2019, Dela Cruz Company purchased land for 500,000 by issuing a 5-year non-interest bearing note
Explain by a way of a discussion of the relevant definitions and recognition criteria whether or not a liability and expense should be recognised.
How is this likely to affect the value of the Brazilian real? The Brazilian current-account balance
The current Coronavirus have distorted the Company's performance. What short term strategy will you take to safe the Company from total collapse
discount during the year. What amount should Fara report in its 2010 statement of cash flows for redemption of bonds payable?
The fixed overhead is an allocated common cost. How much is the relevant cost of the wicket? Bramble, Inc. currently manufactures a wicket as its main product.
You find short time lags between deposits and withdrawals and large deposits made on Fridays. What should you suspect? List out the things that should not be done in a fraud investigation.
Prepare the Consolidated Statement of Financial Position as at 31 December 2018. At the date of acquisition A Limited considered the net assets of B Ltd
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