Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - GSW owns 20% in JV Inc. and uses the equity method to account for its interest in the joint venture. GSW has joint control over the JV Inc. In 2019, GSW sold inventory to JV Inc. for P 100,000 with a 50% gross profit on the transaction. The inventory remains unsold during 2019 and was only sold by JV Inc. to external parties only in 2020. GSW's income tax rate is 30%. Assuming JV Inc. reports profit of P 1,000,000 and P 1,500,000 on December 31, 2019 and 2020, respectively:
REQUIRED -
1. What is the share in profit of JV Inc. before adjustment for 2019 and 2020?
2. How much is the unrealized profit from the downstream sale net of tax for 2019 and 2020?
3. How much is the realized profit from downstream sale net of tax for 2019 and 2020?
4. How much is the adjusted share in profit of the JV Inc. for 2019 and 2020?
What would be the total cost, both fixed and variable, at an activity level of 7,900 units?
Mar 3 Purchased a Steinway piano (inventory) for $43,000, signing a six-month, 10% note. Record the general journal entries for 5 String Music
Your powerpoint presentation should be 4 to 5 slides of content. Also include a title slide and a reference slide. The title slide and reference slide are not included in the 4 to 5 slide content requirement.
Total assessed value of property at the beginning of 2012: $65,000,000 and Property taxes to be collected: $7,000,000. Compute the millage rate in decimal form
Deutsch Company incurs these expenditures in purchasing a truck: cash price $24,000; accident insurance (during use) $2,000; sales taxes $1,080; motor vehicle license $300; and painting and lettering $1,700. What is the cost of the truck?
Prepare the Income Statement, Statement of Owner's Capital and Balance Sheet for Ace Lawn Care for May, 2014 - Prepare journal entries, in good form, to record the May adjusting entries. Explanations are optional. Start with Page 3 of the General ..
on april 15th 2012 the board of directors for auction.com declared a cash dividend for 40 cents per share payable to
What amount of the computer department's fixed costs will be allocated to the civil and family law divisions, respectively
Prepare a monthly purchases budget and a schedule of budgeted cash payments for purchases for July, August, and September.
Assuming that the company continues with its present production setup: Compute the current breakeven point in sales dollars
Sadowski Video Center accumulates the following cost and market data at December
Exercise - Break-Even Analysis and CVP Graphing. Compute the break-even point for the dinner-dance (in terms of the number of persons who must attend)
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd