User Account

All Pages

Prepare the consolidation adjustments journal entries

Assignment Help Accounting Basics
Reference no: EM133171750

Question - DS Berhad acquired 40% of VW on 1 December 2020, DS Berhad used cost method to record VW transactions. The retained earnings at the date of acquisition was RM40,000 and on 31 December 2020 was RM60,000. During the year 2021, VW loss after tax was RM70,000. On 30 November 2021, VW paid dividend of RM30,000 to the shareholders although reported loss for the current year. Prepare the consolidation adjustments journal entries for DS Berhad.

Reference no: EM133171750

Questions Cloud

Compute csu taxable income or loss : Compute CSU's taxable income or loss, showing the calculation (on a "white paper" schedule not on IRS forms)
Information system management : Explain the goal of information security in relation to mobile devices. Discuss which technical safeguard(s) should be used for mobile devices.
What is the current price of this preferred stock : The National Bank of Columbia has issued perpetual preferred stock with a $100 par value. What is the current price of this preferred stock
Explain how you would foster innovation in a workplace : Explain how you would foster innovation in a workplace. This could apply to the whole workplace or to particular areas in the workplace.
Prepare the consolidation adjustments journal entries : VW paid dividend of RM30,000 to the shareholders although reported loss for the current year. Prepare consolidation adjustments journal entries for DS Berhad
Set organizational mission and goals : Considering the business, you are currently working in, or you previously worked in, if you are a leader or manager, how you would set objectives and goals?
Record the repurchase of its shares by taterbeer in march : In August, it reissued 1,200 shares of treasury stock for $54 per share. Record the repurchase of 2,000 of its shares by Taterbeer in March
Strategic Human Resource Management : Explain the importance of human resource department in having strategic departmental goals.
Compute the company return on equity in the current year : Cat Fancy. Inc., has provided the following information from its most current financial statements. Compute the company's return on equity in the current year

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