User Account

All Pages

How much is the carrying amount of the deferred income

Assignment Help Financial Accounting
Reference no: EM132792123

Question - Use the following information for the next four questions: On January 1, 20x1, CHIDE SCOLD Co. received cash of 16,000,000 from a local government to be used in constructing a building. The construction was completed on December 31, 20x1 for a total cost of 40,000,000. The building will be depreciated over 20 years.

1. If CHIDE Co. uses the gross presentation of government grants, how much is the carrying amount of the deferred income from the government grant on December 31, 20x5?

a. 15,200,000 b. 12,800,000 c. 12,000,000 d. 0

2. If CHIDE Co. uses the net presentation of government grants, how much is the carrying amount of the deferred income from the government grant on December 31, 20x5?

a. 15,200,000 b. 12,800,000 c. 12,000,000 d. 0

Reference no: EM132792123

Questions Cloud

At what level should the company operate : Assuming that PRIDE, Inc. is able to sell of its production at P3.00 above variable cost, at what level should the company operate
Sex and sexuality that gayle rubin : Are the 5 dominant views of sex and sexuality that Gayle Rubin describes (sex negativity, the fallacy of misplaced scale, the hierarchical valuation of sex acts
Describe the competitive landscape of the cosmetic industry : Describe the competitive landscape of the cosmetic industry? How has P&G positioned itself in this industry? What factors contributed to the success
What knowledge did you gain about the group : What knowledge did you gain about this group that you were not aware of? How will this knowledge change the way you care for this cultural group?
How much is the carrying amount of the deferred income : If CHIDE Co. uses the net presentation of government grants, how much is the carrying amount of the deferred income from the government grant on December
Name of the product being advertised : Name of the product being advertised. The target audience for the product. How placement of the advertisement is intended to reach the audience being targeted
Recommending interventions for adult african-american male : What cultural factors and diversity need to be considered when assessing and recommending interventions for an adult African-American male?
What is the relationship between motivation and emotion : What is the relationship between motivation and emotion? Provide an example of how emotions can motivate someone to act in a certain way
Explain health or nursing informatics policy or regulation : Create a 1-page fact sheet that your healthcare organization could hypothetically use to explain the health or nursing informatics policy/regulation.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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