User Account

All Pages

How much is the nci at the end

Assignment Help Accounting Basics
Reference no: EM133128313

Question - P Corporation, an SME, paid P3,000,000 for a 90% interest in S Company on January 1, 2019. The stockholders Company included share capital of P2,000,000 and retained earnings of P1,000,000. Of the excess of total conside (purchase price plus NCI) over book value, P200,000 is attributable to undervalued inventories and the remain goodwill. All inventories are sold in 2019. S's net income for the year is P522,500 and P's net income is P1,500,000 inc dividends received from S in the amount of P90,000.

1. How much is the NCI at the end of 2019?

2. Net Income Attributable to Parent.

Reference no: EM133128313

Questions Cloud

Charge different prices for the parcel and package service : Seven years ago, you started a crosstown delivery service. The service is an environmentally friendly business and, given all the traffic congestion, you are al
Potential choice of research topic and research design : Before the end of this course, you will complete CITI training to foster your professional development and integrity as a researcher. What will you learn in CIT
Complete a production cost report for april : Complete a production cost report for April 2022 for the fabrication department using the weighted-average method
Construct a suitably labeled demand and supply diagram : Using the demand and supply figures in Table 1 below, construct a suitably labeled demand and supply diagram, and clearly identify the equilibrium price and qua
How much is the nci at the end : P Corporation, an SME, paid P3,000,000 for a 90% interest in S Company on January 1, 2019. How much is the NCI at the end of 2019
Demonstrate trustworthiness of the data : Based on the sources of data identified in the first discussion question in this topic, how would the researcher demonstrate trustworthiness of the data to addr
Maximize the likelihood that your team exerts : Assume you are a manager in a business (or on a team) where effort is difficult to monitor. Which mechanism would you implement in order to maximize the likelih
Analyze starbucks various foreign entry strategies : You will analyze Starbucks various foreign entry strategies through the years from inception.
Compare and contrast a closed and a small open economy : This question asks you to compare and contrast a closed and a small open economy under a given scenario.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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