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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?
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
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Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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