Reference no: EM132857433
Problem - On January 1, 2019, Brave Company acquired 20% of ordinary shares of an associate for P5,600,000. On this date, all identifiable assets and liabilities of the associate were ecorded at fair value. In December 2019, the associate sold inventory to Brave Company for P640,000. The cost of the inventory was P480,000. This inventory remained unsold by Brave on December 31, 20219. However, it was sold by Brave in 2020. In 2020, the associate sold equipment to Brave for P750,000. The carrying amount of the equipment is P600,000. The asset has a remaining life of 4 years. The associate reported the following net income and dividend payment: Net income of 2019, P2,400,000; Net income of 2020, P3,200,000; Cash dividend of 2019, P1,000,000 and cash dividend of 2020, P1,500,000. Prepare journal entries on the books of Brave for 2019 and 2020.
|
Describe the kilmann thomas managerial grid model to team
: Your manager has requested you to assist with training on work relationships. Describe the four types of work relationships and real-life scenario to illustrate
|
|
What is the z-score for a polar bear
: What is the z-score for a polar bear weighing 975 pounds? Round your answer to two decimal places.
|
|
Difference between manual and computerised payroll systems
: What is the difference between manual and computerised payroll systems and provide details of the payroll system that you currently use
|
|
State whether the events created are mutually exclusive
: For each of the following, state whether the events created are mutually exclusive and whether they are collectively exhaustive. So, for each item below
|
|
Prepare journal entries on the books of Brave
: Cash dividend of 2019, P1,000,000 and cash dividend of 2020, P1,500,000. Prepare journal entries on the books of Brave for 2019 and 2020
|
|
Discuss the interviewer and the interviewee roles
: Create a two-sided,tri-fold brochure or pamphlet outlining guidelines for college students on how to have a successful interview.
|
|
Dante wrote the divine comedy
: Our modern world has changed considerably in the 700 years since Dante wrote The Divine Comedy.
|
|
Identify the parameters p
: Identify the parameters p and n in the following binomial distribution scenario. Jack, a bowler, has a 0.38 probability of throwing a strike and a 0.62 probabil
|
|
Describe the steps of an interview
: Discuss the interviewer and the interviewee's roles during the opening, body, and closing portion of an interview. Describe the steps of an interview.
|