Identify the related parties of black

Assignment Help Financial Accounting
Reference no: EM132973251

Question - Blue Limited ('Blue') holds 70% shares in Black Limited ('Black'). The remaining 30% is held by Mary who is a passive investor in Black merely for dividend returns. Mary's husband is Steve who is the Chief Financial Officer of Black. Steve is also the Chief Executive Officer of White Limited ('White') which has joint control over Pink Limited ('Pink'), of which Black is the other joint-venture partner.

Apart from the 30% ownership in Black, Mary has also got 100% shareholding in Purple Limited ('Purple').

Required - Identify the related parties of Black in accordance with IAS 24 Related Party Disclosures by completing the following table (copy this table to your answer book).

Reference no: EM132973251

Questions Cloud

At what amount should the bond investments be shown : At what amount should the bond investments be shown on December 31, Year 2 and December 31, Year 3 statement of financial position
Find what is an monetary policy during the pandemic : What is an appropriate monetary policy during the pandemic? Pick a country of your choice and use FRED economic database to support your answer.
What is the loan effective interest rate for thursday bank : The loan has a ten percent interest rate that is due yearly beginning December 31, 2011. The loan will be matured, What is the loan's effective interest rate?
Identify five important guidelines for drawing a flowchart : Select one from your list and describe why it could be the most important one to consider when preparing a flowchart
Identify the related parties of black : Identify the related parties of Black in accordance with IAS 24 Related Party Disclosures by completing the following table
Find how much will each shareholder group receive : How much will each shareholder group receive? On the same date, 300,000 common shares [contributed capital $3,600,000] and 175,000 preferred shares.
Prepare the journal entries for machinery leasing : Consider a PVIF (n=10, i=15%) of 0.2472 and PVIFA (n=10, i=15%) of 5.0188. Prepare the journal entries for Machinery Leasing
What would you pay for a debenture bond : What would you pay for a $205,000 debenture bond that matures in 15 years and pays interest of $10,250 a year if you want to yield 2% then 3% and 4%
How much will each shareholder group receive for athleetz i : How much will each shareholder group receive? The company declared and paid a cash dividend on December 1, 2018 of $658,800. Dividends had not been declared.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Journalize the adjusting entry for the inventory shrinkage

Triangle Company's perpetual inventory records indicate that $111,500 of merchandise should be on hand on September 30, 2008. The physical inventory indicates that $107,400 of merchandise is actually on hand

  Determine how many units must be sold to break-even

How many units must be sold to break-even? Round to two decimal places. Tim Taylor has written a self improvement book that has the cost characteristics.

  What florida would receive net cash of

On July 1, 2015, Interest is payable semi-annually on April 1 and October 1. From the bond issuance, Florida would receive net cash of .

  Identify the type of change for each of the six items

Identify the type of change for each of the six items. At the end of 2019, the company accrued sales salaries of $47,500 in excess of the correct amount.

  Why reporting and monitoring is important using relevant ex

Using relevant example illustrate why Reporting and Monitoring is important? While Managing Market Risk Senior management should ensure

  Find how many units do need to produce

How many units do they need to produce? If the company budgets 4000 units to sell for a month, has a beginning inventory of 1000 units and a desired ending

  What is the rate of return investors earn on this investment

Assume these investments sell for ?$551 in return for which you receive ?$2,000 in 30 years. What is the rate of return investors earn on this investment

  What amount should the inventory be valued

Freight costing P 10,000 with terms FOB Shipping Point was paid by Oust The Turtle upon delivery. What amount should the inventory be valued

  Explain how would the concepts of utility-income

Explain how would the concepts of utility, income, and substitution predict consumer behavior based on the rise in the cost of carbonated beverages?

  Determine the selling price of the bonds-coronado inc

Coronado Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant

  Assets must grow at the same rate as projected sales

Broussard Skateboard's sales are expected to increase by 20% from $7.8 million in 2016 to $9.36 million in 2017. Its assets totaled $4 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as proj..

  Find what amount be reported as retained earnings on dec

Charm Company reported net income of P1,500,000 for 2017, P2,500,000 for 2018, What amount should be reported as retained earnings on December 31, 2020?

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd