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Question - Pfizer Ltd owns all of the shares of Biotech Ltd. In relation to the following intragroup transactions, all parts of which are independent unless specified, make the consolidation worksheet adjusting entries for preparation of the consolidated financial statements as at 30 June 2021. Assume an income tax rate of 30%.
On 1 January 2021, Pfizer Ltd acquired $60?000 of debentures previously issued by Biotech Ltd. These were acquired on the open market for $60,000. The Half-Yearly Interest of $600 on debentures was paid on 30 June 2021.
Alpha Company purchased a $1,000, 5 years, 5% bond on July 1, 2015 for $950. Prepare the adjusting General Journal entry for the December
You have found your desired house for $500,000 and you like to purchase it. Determine your monthly mortgage payment
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Using the above information for December, complete the T-accounts below. The beginning balances should be the balances as of November 30
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an accountant wishes to find the present value of an annuity of 1 payable at the beginning of each period at 10 for
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abbix has a complex financial system with the following relationships the ratio of required reserves to total deposits
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