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Question - A Co. acquired 80% interest in B Co. for P1,200,000. On acquisition date, B's identifiable assets and liabilities have fair values of P1,700,000 and P400,000, respectively.
a. How much is the goodwill if A Co. opts to measure the noncontrolling interest at the NCI's proportionate share in B Co.'s net identifiable assets?
b. How much is the goodwill if A Co. opts to measure the noncontrolling interest at fair value?
Shaw Company sells goods that cost $321,000 to Ricard Company for $438,700 on January 2, 2014. Prepare the journal entry to record the sale on January 2, 2014.
During the year, the accounting department prepared monthly statements but no adjusting entries were made in the journals
As of 12-31-14, H had $6,000,000 of 7%, 40-year convertible bonds. What will H report as diluted EPS for the year ended
The company's beginning merchandise inventory was $15,000 and its ending merchandise inventory was $13,000. What was the company's cost of goods sold
What are the alternatives for Smooth Move, Smooth Move Company manufactures professional paperweights and has been approached by a new customer
Prepare T-accounts for Raw Materials, Work in Process, Finished Goods, Manufacturing Overhead, and Cost of Goods Sold
How does auditing the disposals of property, plant, and equipment provide evidence related to depreciation expense
Financial markets are the forums in which buyers and sellers of financial assets such as stocks and bonds, and commodities such as grains, oil and gold, meet. Write a paper of not more than 10 pages on business and financial risk, as follows:
during the fiscal year ended 2010 a company had revenues of 390000 expenses of 250000 and an income tax rate of 36
What is the future value in five years of $1,500 invested in an account with an annual percentage rate of 10 percent, compounded annually
Keep-it-Hot Inc. manufactures popular thermoses. On June 30, the company had 1,000 thermoses in inventory. Prepare a production budget for the third quarter
Prepare the general journal entries that should be made at December 31, 2018, to record these events. (Ignore tax effects.)
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