Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - On January 1, 2015, SouthCo, bought 25% of the outstanding common shares of Courtland Corp. for $266,000 cash and has the ability to significantly influence Courtland Corp.'s financial and operating policies. At the date of acquisition of the shares, Courtland Corp.'s net assets had a fair value of $744,000. Their carrying value was $520,000. The difference was attributable to the fair value of Courtland Corp.'s buildings and its land exceeding carrying value, each accounting for one half of the difference. Courtland Corp.'s net income for the year ended December 31, 2015, was $250,000. During 2015, Courtland Corp. declared and paid cash dividends of $36,000. The buildings have a remaining life of 10 years. SouthCo follows IFRS.
Make all appropriate journal entries related to the investment during 2015, assuming SouthCo accounts for this investment by the equity method. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). Please make sure your final answer(s) are accurate to 2 decimal places.
the marinade department began the period with 125000 units. during the period the department received another 180000
What is the adjusted cash in bank on december 31,2019? During the audit of exciting company on december 31 2019, outstanding cheque's $19000
Manufacturing overhead is allocated to products based on the number of machine hours required. In a year when 20,000 machine hours were anticipated, costs were budgeted at $125,000.
Performance Drinks, LLC is owned by Dave N. Port. Performance Drinks produces a variety of sports centered drinks. They began operations in 1993 shortly after Mr. Port graduated with his M.B.A. from Davenport University.
The credit manager estimates that $18,910 of these receivables will become uncollectible. Prepare the journal entry to record the estimated uncollectibles
What is a secure creditor's obligation in this situation? Can the creditor retain the collateral and seek judgment for the amount of the note?
When reacquired, the car was appraised to have a fair value of P 600,000. What is the realized gross profit on installment sales during the year?
Prepare journal entries to record the above transactions assuming Urban Faith has a December 31 year end. Be sure to prepare the appropriate closing entries.
Janice Corporation UK is public corporation which manufactures a technology. Janice uses fair value measurement for the measurement of all assets of its business.
What does it mean to obtain a competitive advantage? What role does the cost management system play in helping to achieve this goal?
Nonemployees would be allowed to use the facility as part of the company's effort to build strong community support. What are the relevant tax issues
A contractor was paid $415,000 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd