User Account

All Pages

Make the consolidated eliminating entries

Assignment Help Accounting Basics
Reference no: EM13513100

Petronet owns 60% of Sahara, acquired on January 1, 2012. On June 30, 2012, Sahara sold land to Peronet for $2,000,000. Sahara had carried the land on its books at $800,000. This is the only intercompany transaction. Petronet sold the land to an outside party on January 1, 2014 for $3,000,000. Make the consolidated eliminating entries for the intercompany land sales for each year, 2012, 2013, 2014.

Reference no: EM13513100

Questions Cloud

Production and purchases budgets : Production and purchases budgets
Identifying key challenges of sky high airlines : Identifying key challenges of Sky High Airlines transitioning to an integrated system and providing detailed recommendations for how the strategy could be effectively implemented.
Explain a gaseous mixture contains 0.30 mole of co : A gaseous mixture contains 0.30 mole of co(g), 0.10 mole of H2(g) AND an Unknown amount of CH4(g) in a litre flask. this mixture is in equilibrium at 1200 deg K acc to
What is the magnitude of the magnetic field at this moment : At a particular instant in time an electromagnetic wave has an electric field which can be written E=(6.22N/C)x+(2.87N/C)y What is the magnitude of the magnetic field at this moment
Make the consolidated eliminating entries : Make the consolidated eliminating entries for the intercompany land
Explain standard cubic meters of natural gas to produce : How many litres of ethyl mercaptan (C2H5SH ; liquid density = 0.8931 g/cm^3) should be added to 100,000 standard cubic meters of natural gas to produce a concentration in the gas of 1ppm
Find by what factor will the acceleration change : An object is accelerated by a force. If the force is increased by a factor of 3 and the mass is increased by a factor of 4, by what factor will the acceleration change
Understanding of humans and human evolution : How does Anthropology aid in our understanding of humans and human evolution. Within a summary can you touch base with genetics, biological classification, human variation, the living primates, and human paleontology.
Assume the role of an internal auditor : Assume the role of an internal auditor who has been asked to identify a minimum of threehigh quality propositions that management can implement to establish a tone at the top that conveys a commitment to integrity and ethical values.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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