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DADA Corporation has acquired 90% of the outstanding stocks of MAMA Company at book value. During the current year, MAMA sold its own merchandise inventories to DADA for P60,000. Normally, MAMA charges 25% mark-up on cost on the intercompany sales. Inventory balance of DADA Corporation at the end of the current year amounted to P15,000.
Problem 1: If net income reported in the books of subsidiary amounted to P183,000, how much will be the share of non-controlling interest in the consolidated net income?
Describe each proposals effects on main company's debt to equity Ratio. does it improve it or not? Assign a probability of acceptance to each proposal using expected value model.
Oklahoma Manufacturing Company uses a standard cost accounting system. In 2012, the company produced 28,500 units. Each unit took several pounds of direct materials and 1½ standard hours of direct labor at a standard hourly rate of $13.00.
BFA507 - Accounting Framework Assignment Help and Solution - University of Tasmania, Hobart, Australia - Assessment Writing Service
What is the new owner's yearly tax savings if she uses straight line depreciation of the purchase price over the full 15 years allowed by the IRS?
Show a statement of comprehensive income for July. Purchased washing machines for NTS36,000. Snow White paid NTS5,000 signed a 60-day notes payable
When a customer redeems a previously purchased gift card, what impact does this transaction have on Walmart's financial statements?
The following account balances can be found in the general ledger of Abco Corporation at year-end. Prepare the shareholders' equity section of the balance sheet.
Purpose a depreciation schedule for each depreciation technique
Suppose a company had the following accounts and balances at year-end.
question 1suppose you are asked to do a cash flow budget for the next 12 months for a newly opened baby health clinic.
Conan and Andy decide to form a new corporation, LN Corp. Conan contributes property with a basis of $10,000 and a fair market value of $18,000 in exchange for 5 shares of LN stock and $13,000 in cash, which LN borrows from a bank to finance. How muc..
Jackson Ski Company is involved in four separate businesses. The following information is available for each of the four industries. Determine which of the separate businesses are reportable based on Revenue test.
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