User Account

All Pages

Pass the necessary consolidation journal entries

Assignment Help Accounting Basics
Reference no: EM133011112

Question - Assume that Company A acquires 70 per cent of Company B for a cash price of $14 million when the share capital and reserves of Company B are:

Share capital $8 million

Retained earnings $2 million

$10 million

Required - Pass the necessary consolidation journal entries and the journal entries to record the non-controlling interest if the non-controlling interest in the acquirer is measured at the non-controlling interest's proportionate share of the acquiree's identifiable net assets.

Reference no: EM133011112

Questions Cloud

Conduct the statistical analysis : Formulate the hypotheses from amongst the variables available in the questionnaire and conduct the statistical analysis
Compute the weighted-average budgeted contribution margin : Actual industry volume for the period for products X and Y was 100,000 units. Compute the weighted-average budgeted contribution margin
What is the value of the factory : You forecast that it will produce cash inflows of $80,000 in year 1, $140,000 in year 2, and $220,000 in year 3. The discount rate is 12%. What is the value
How to use the statistical analysis tools : Demonstrate an understanding of how to use the statistical analysis tools presented and used in the SPSS workshops - Describe the characteristics of the sample
Pass the necessary consolidation journal entries : Pass the necessary consolidation journal entries and the journal entries to record the non-controlling interest
Explain Responsible investing : Explain Responsible investing, and critically discuss how Environmental, Social and Governance (ESG) factors are addressed
How much revenue must be generated : How much revenue must be generated to produce $80,000 of pretax earnings? How many pairs of glasses would this level of revenue represent
What is the amount of the deferral of the intercompany gain : Company A purchases 85% of Company B. Company A reports operating income of $200,000. What is the amount of the deferral of the intercompany gain
What is the total market value of the firm equity : A market to book ratio of 2, and a book value per share of $5.00. What is the total market value of the firm's equity

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