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Question - R Ltd manufactures items of machinery. On 1 Jan 2020, T Ltd, a subsidiary of R Ltd acquired an item of machinery from R Ltd and recognises it as property, plant and equipment (PPE). This item of machinery was sold to T Ltd for $65,000 but it took R Ltd only $50,000 to manufacture. T Ltd depreciates its PPE at the rate of 10% on cost. In relation to this intra-group transaction, prepare adjusting journal entries for the consolidation worksheet at 30 June 2020. Assume tax rate of 30%.
Interest on Notes Receivable - For each of the notes receivable, compute the amount of interest revenue earned during 2017
(Long-Term Contract with Interim Loss) On March 1, 2014, Pechstein Construction Company contracted to construct a factory building for Fabrik Manufacturing Inc.
The amount currently required to be distributed by the will. The estate's records showed the following. What amount of the distribution was taxable
Prepare the retained earnings statement for the year assuming the balance in retained earnings on January 1, 2017, was $218,000
Discussion of the products and services offered with your evaluation of how each of the products contribute to the banks existence, profitability and liquidity
Discuss the strategies, programs, and targets of the company in relation to each of those global pillars, as mentioned in the report.
A random sample of 50 observations from a binomial population was used to estimate the population parameter p as pˆ = 0.63. (i) Construct a 95% con?dence interval for p.
Cameron Bly is a sales manager for an automobile dealership. Does the warranty accrual decision make any ethical dilemma for Bly
Calculate the variable rate using the High Low method of measuring cost function. High capacity High capacity January: 55,000 machine hours
Darius Rucker started a business by investing $10,000 cash and a car worth $15,000. There is a $6,000 note payable on the car for the amount still owed.
Phipps manufactures circuit boards in Division A, Analyze the effect of both full-cost and variable cost transfer pricing methods on Phipps cash flows
what is the purpose of engagement planning? what critical information should the auditor consider during engagement
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