User Account

All Pages

How to record in the accounting book of abc company

Assignment Help Financial Accounting
Reference no: EM132552110

Question 1: How to record in the accounting book of ABC company, if ABC company issued 50,000 shares to its subsidiary to obtain the control of it. The 50,000 shares have nominal value of $1 but the market value of share at date of issurance is $30.

Reference no: EM132552110

Questions Cloud

Undermine effective risk management : What are the forces that tend to undermine effective risk management in an organization? Is effective risk management possible without constructive dialogue?
Compute the april inventory at the lower of approximate cost : Markdowns cancellations, Compute the April 30 inventory at the lower of approximate cost or market using the conventional retail method.
Each type of testing appropriate : Discuss the advantages and disadvantages of each type of testing. When is each type of testing appropriate?
Creating an Interface : Physical, cognitive, perceptual, personality, and cultural differences introduce challenges when designing universally usable products.
How to record in the accounting book of abc company : How to record in the accounting book of ABC company, if ABC company issued 50,000 shares to its subsidiary to obtain the control of it.
Describe the service capacity management : Describe the service capacity management using an example?
Briefly describe the company and the nature of its business : Briefly describe the company and the nature of its business and corporate business environment. Do not spend a lot of time on the history of the company
Goal Setting : Early computers were only usable by experts with strong technical knowledge. Examine how interactive systems have changed throughout the years
Service capacity management using an example : Describe the service capacity management using an example?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Question on january 1 2011 porter company purchased a 90

question on january 1 2011 porter company purchased a 90 percent interest in the capital stock of salem company for

  Prepare a bill of activities for the activity costs

Prepare a bill of activities for the activity costs. What is the difference between the product unit cost you computed using the traditional approach and the one you computed using ABC?

  What is amount of mortgage loan that the bank will lend to

What must your annual salary be in order to be approved for this loan? What is the amount of the mortgage loan that the bank will lend to you?

  Overhead allocation computation the unit cost of product

overhead allocation computation the unit cost of product uses an abc system cost drivers machine hours materials

  What should korral record as sales revenue on the pinto

Korral Used Kars sold a 1973 Ford Pinto to Fred Gullip. Fred gave $200 to Korral as a down payment and agreed to pay $90 per month for three years. If Korral charges interest of 24% per year, compounded monthly, what should Korral record as sales rev..

  Describe the treasury stock account

Describe the treasury stock account. What method is used to record treasury stock? Why is treasury stock presented as a reduction in stockholders' equity?

  Straight-line-units-of-production-double declining basis

Prepare a depreciation schedule showing depr. exp., accumulated depreciation and ending book value, year-by-year. Three schedules for the 3 methods: straight-line, units-of-production, double declining basis. Asset is a delivery Truck. Assuming the t..

  Discuss the transfer tax consequences if meredith is

Meredith dies. Briana, Meredith's daughter, then redeems the CD when it matures. Discuss the transfer tax consequences if Meredith is

  What are your companys main products or services

Provide a brief overview of your company (one to two paragraphs at most). What industry is it in? What are its main products or services?

  How many shares of ordinary stock are outstanding

How many shares of ordinary stock are outstanding at year-end?

  What is the gross profit on its sale

The production of one unit of Product B used $17.50 of direct materials and $21.00 of direct labor. The unit sold for $56.00 and was assigned overhead at a rate of 30% of labor costs. What is the gross profit on its sale?

  Check control procedures

Check one or more control procedures (either general or application controls or both) that would guard against the error.

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