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Question - Basahin Company acquires 80% of Mabuti Company for P600,000 on January 1, 20x8. Mabuti reported capital stock of P400,000 and retained earnings of P200,000 on that day. An equipment with 8-year remaining life was undervalued by P100,000 and buildings with 10-year remaining life were overvalued by P60,000. Any excess consideration transferred over fair value was attributable to goodwill. Based on annual review, goodwill was impaired by P12,000. In 20x8, Mabuti net income is P100,000 and paid dividends of P40,000. How much is the non-controlling interest under partial goodwill method in December 31, 20x8 consolidated financial statements?
John's car was completely destroyed by fire in 2010. Its cost and fair market value were $8,000. John's claim against insurance was $3,000 and was NOT made until 2011. The following year, 2011, John settled with the insurance company for $2,000. W..
the yost company makes and sells a single product product a. each unit of product a requires 1.2 hours of labor at a
X Ltd is developing a new product called a burble. The company spent $300 000. How much of the above expenditure would qualify
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In winding up operations during the month of May, noncash assets with a book value of $94,000 are sold for $116,500, and liabilities of $30,000 are satisfied. Prior to realization, Capital Sales has a cash balance of $8,000.
the audiology department at randall clinic offer many services in the clinics patients. the three most common along
Are you required to file a fictitious name application in your state? What types of business license are you required to apply for?
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Lisa sells the land she acquired for $120,000. What are Tanya's recognized gain or loss and adjusted basis for the West Coast land on January 4, 2019
BNA Co.,Ltd is registered as a limited company in Thailand. Calculate Corporate Income Tax for the fiscal year 20x8
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