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!
Question - On 1 July 2016, Jackson Ltd acquired all the issued shares (cum div.) of Laurie Ltd for $240 000. At that date the financial statements of Laurie Ltd showed the following information:
Share capital $100 000
General reserve 50 000
Retained earnings 70 000
Dividend payable 20 000
All the assets and liabilities of Jackson Ltd were recorded at amounts equal to their fair values at that date.
The dividend payable reported at 1 July 2016 by Laurie Ltd was paid on 15 August 2016.
Laurie Ltd paid a $25 000 dividend on 2 February 2017.
Required
A. Prepare the consolidation worksheet entries at 1 July 2016.
B. Prepare the consolidation worksheet entries at 30 June 2017.
when a company sells the product for cash it generally recognizes the revenue. but therere situations when it isnt
norr and caylor established a partnership on january 1 2013. norr invested cash of 100000 and caylor invested 30000 in
smith has applied overhead of 73000 and actual overhead of 87600 for the month of november. it applies overhead based
kyle worked as a free-lance software engineer for the first three months of 2013. during that time he earned 44000 of
Zola Corporation records adjusting entries each month before preparing monthly financial state- ments. The following selected account balances are taken from its trial balances on June 30, 2014. The ''unadjusted'' columns set forth the general led..
Alan, who is a security officer, is shot while on the job. As a result, Alan suffers from a leg injury and must spend most of his time in a wheelchair until his recovery. Alan's physician recommends that he install a whirlpool bath in his home for..
If the asset is sold at the end of Year 3, which method would yield the highest gain (or lowest loss) on disposal of theasset?
the board of education for the central catskill school district is considering the acquisition of several minibuses for
Merchandise is sold on account to a customer for $12,500, terms FOB shipping point, 1/10, n/30. The seller paid the freight of $400. Determine the following:
study the financial statement and the statement of cash flows of barnes and noble with the link provided.how does the
On April 1, 2014, Briggs Corp. purchases a 24-month property insurance policy for $72,000. The policy is effective immediately. Assume that Briggs prepares adjusting entries only once a year, on December 31.
Supply journal entries for each of the transactions. The numbers in the journal entries can be rounded to the nearest dollar. Develop an income statement in good form for Sanford Company for the first three months of 20x3
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