Reference no: EM132937362
Questions -
Q1. On January 1, 2019, Im Yoon-ah Co. acquired 20,000 ordinary shares out of the 100,000 outstanding ordinary shares of Seohyun Inc. for P5,000,000. Seohyun's assets and liabilities approximate their fair values except for inventories with carrying amount of P600,000 and fair value of P650,000, machinery with carrying amount of P1,000,000 and fair value of P1,500,000 and land with carrying amount of P1,500,000 and fair value of P1,200,000. The remaining useful life of the machinery is 10 years. Seohyun's net assets have a book value of P12,000,000. On December 31, 2019, Seohyun reported net income of P8,000,000 and declared and paid dividends of P2,000,000. How much is the carrying amount of the investment as of December 31, 2019?
Q2. ABC Company has a note that bears 8% interest and is to be repaid in 3 equal annual installments of 250,000 every December 31 plus interest on outstanding balance. The first payment is due on December 31,2019 and the prevailing interest rate for note of this type is 12%. How much is the interest income for the year 2020 that shall be presented on the Statement of Comprehensive Income?
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How much is debited to accounts receivable
: ABC Company sold P 500,00 worth of inventories with trade discounts of 10%, 15%, 25%, terms: 2/10, n/30. How much is debited to accounts receivable
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Describe one pro and one con for using a graph or chart
: Describe one pro and one con for using a graph or chart. Then, share an example of a time when a data visualization (like a graph or chart) changed your mind ab
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Multimedia and webpage design
: Identify, explain and apply the design principles that underlie good multimedia and webpage design, from both a visual & content design perspective
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Describe the five job dimensions
: The textbook describes the five job dimensions that represent the most important job characteristics that influence employee satisfaction
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How much is the interest income for the year
: The first payment is due on December 31,2019 and the prevailing interest rate for note of this type is 12%. How much is the interest income for the year
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What are some of the benefits of strategy formulation
: What are some of the benefits of strategy formulation to organizations from an HR perspective? Identify and briefly describe five benefits. Answer in paragraph
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Explain the purpose of training objectives
: One truism of instructional design and performance management is that you get what you measure. Training objectives are essential to all development.
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Prepare a classified income statement
: Prepare a classified income statement and a statement of changes in equity for the year, along with a classified balance sheet as of the end of the year
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What does good faith bargaining mean
: What does 'good faith bargaining' mean in reference to the negotiation process? Give an example (real or hypothetical) of a good versus bad faith bargaining neg
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