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 1 - On January 1, 2020, Second Company has acquired 2,000 shares of another company at P10 per share. The cost of investment includes transaction costs P1.5 per share. The company opted to present this investment at fair value through other comprehensive income irrevocably. At the end of 2020, the market price of the shares is P15 per share and this was sold at P18 per share on January 2, 2021. How much gain/(loss) should be recognized in the statement of financial position as of December 31, 2020?
Question 2 - The 2019 financial statements of Third company showed that they have a financial assets at FVOCI with a carrying value of P25,000 and according to the notes to financial statement, this investment was purchased at P28,000 not a long time ago. On May 5, 2020, third sold 30% of this investment at P10,000. As of December 31, 2020, the remaining shares have a market price of 10% less than its carrying value as of the previous year. The said decrease in market value is deemed other than temporary. How much is the gain/(loss) on the sale of investment?
Determine the classification of the lease for US GAAP? Does the classification differ for IFRS? If so, why? Provide comments where any judgment by CCI's management would be necessary.
Interest is payable annually on December 31. At December 31, 2010, Solis's adjusted unamortized bond premium is what amount
Assume you will need $250,000 in 18 years to pay for her college education. How much would you need to deposit today to have $250,000 in 18 years
What the cost per equivalent unit (rounded to nearest centavo) under weighted average? Units - 500 (with all materials added and 50% of labor and overhead)
Over the past two years, Jonas Cone has used a dollar-cost averaging formula to purchase $300 worth of FCI common stock each month.
A Company provides its employee with a car on 1 April 2015. Daniel is entitled to use it for personal transport
Journalize the transactions of Kendell Bryant Optical Dispensary. Include an explanation with each journal entry
Company produces 4,000 chocolate bars Sold 3500 No bars at the beginning, Calculate the unit production cost, assuming company uses variable costing
In the current year, Hanna Company reported warranty expense of $190,000, What were warranty expenditures during the year
A 6 year Circular File Bond pays interest of $80 annually and sells for $950. What is the coupon rate, current yield, and yield to maturity
The role of management accounting Consider the descriptions of management accounting provided in Exhibit 1-3 and in the remainder of the chapter.
Find what could be the total final payment according to the actual contract and the new final payment according to the new proposal. Should the contractor accept the new proposal? Why?
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