User Account

All Pages

How would you treat this in the consideration

Assignment Help Accounting Basics
Reference no: EM132431181

Question - If the parent company borrowed $90,000 at 10% on 01.04.2018( the acquisition date) to acquire 70% of voting rights of the subsidiary company, this liability is due to 01.04.2020(2yrs time), the reporting date now is 31.03.2019, the parent company already put $90,000 as investment costs in non-current asset. How would you treat this in the consideration and in the consolidated SFP?

Reference no: EM132431181

Questions Cloud

Explaining the expected return on the portfolio : The expected return on these stocks is 9.40 percent and 13.10 percent, respectively. What is the expected return on the portfolio?
What is the standard deviation of the returns : A stock had returns of 18.46 percent, 21.74 percent, -14.90 percent, 9.02 percent, and 28.09 percent for the past five years. What is the standard deviation
Industrial Espionage in Cyberspace : What steps might have been taken to detect David's alleged industrial espionage? What steps might have been taken to prevent his perpetrating such an offense?
What relationship between social variable and health outcome : Explain how sociologists relationship between key social variables of class and health outcomes. explain how the three variables can have an impact on health
How would you treat this in the consideration : The parent company already put $90,000 as investment costs in non-current asset. How would you treat this in the consideration and in the consolidated SFP
Demonstrate your current knowledge of networking : Draw a network. Demonstrate your current knowledge of networking as compared to the knowledge at the beginning of Networking I.
Make all necessary journal entries to record transactions : A local grocery store provided fresh produce with a fair value of $100. The produce was immediately used. Make all journal entries to record transactions
Prepare the journal entries to record the exchange : Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance
What is the magnitude of the problem : What is the magnitude of the problem? Is it pervasive across the country or a localized problem? What populations are most affected?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the paid-in capital section of stockholders equity

DeLong Corporation was organized on January 1, 2014. Prepare the paid-in capital section of stockholders equity at December 31, 2014

  Find what should be the required initial investment

Find what should be the required initial investment at the beginning of the first year if the fund earns 11%?

  How much must be paid in dividends

TMI is a calendar year personal service corporation which reports income on a calendar year end basis. TML is also a personal holding company. TML had $125,000 of taxable income during the year. It is now December 31st.

  Compute the volume in units and the dollar sales

Compute the volume in units and the dollar sales level necessary to maintain the present profit level, assuming that the maximum price increase is implemented.

  Compute berclair basic and diluted earnings per share

Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2013. Round the amount to the nearest penny

  Prepare a response to the president remarks

Weak Division Lake Forest Electronics Company paid $7 million in cash 4 years ago to acquire a company that manufactures CD-ROM drives.

  What does it mean in business or accounting terms when a

what does it mean in business or accounting terms when a company has the folowwing horizontal analysis results current

  Discuss what was the sale revenues in 2014

what was the sale revenues in 2014?, and what was the 2014 cash flow

  What would be the dividends per share

What would be the dividends per share if net profit after tax = 65000, ordinary dividend = $27500

  Higher cost of printing the forms

Purchase orders, and sales invoices are not pre-numbered due to the higher cost of printing the forms.

  Calculate the average returns and standard deviations

Calculate the average returns and standard deviations for the two stocks, calculate the variance and the standard deviation of the combined portfolio

  Explain why npv and irr capital budgeting tools are superior

Explain why the NPV and IRR capital budgeting tools are superior to the accounting rate of return and simple payback techniques for determining the attractiveness of capital investment opportunities.

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