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!
December 31, 20X8. that goodwill involved in its acquisition of Saver shares had been impaired and the correct carrying value was $2,600. No additional impairment occurred in 20X9.
Trial balance data for Price and Saver on December 31.20X9, are as follows:
Item
Price Corporation
Saver Company
Debit
Credit
Cash
$ 48,400
$ 41,000
Accounts Receivable
89,000
14,000
Inventory
101,000
24,000
Land
64,000
25,000
Buildings & Equipment
357,000
152,000
Investment in Saver Company
123,000
Cost of Goods Sold
135,000
109,000
Wage Expense
30,000
15,000
Depreciation Expense
20,000
9,000
Interest Expense
7,000
3,000
Other Expenses
18,000
11,000
Dividends Declared
32,000
40,400
Accumulated Depreciation
$ 163,000
$ 39,000
Accounts Payable
42,000
Wages Payable
6,000
Notes Payable
143,000
86,400
Common Stock
196,000
52,000
Retained Earnings
129,100
40,000
Sales
293,000
205,000
Income from Saver Company
54.400
$1,034,500
41,034,500
$443,400
Question a. Prepare all consolidating entries needed to prepare a three-part consolidation worksheet as of December 31, 20X9.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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