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 2021 the equity of Steven Ltd consisted of share capital of $95 000 and retained earnings of $65 800. All the identifiable assets and liabilities of Steven Ltd were recorded at amounts equal to fair value except for:
Carrying amount
Fair Value
Brand
$75 000
$85 000
Plant (cost $90,000)
50 000
59 000
Inventories
25 600
30 000
Chris Ltd acquired all the issued shares of Steven Ltd for $180 000 on 1 July 2021. The Brand was considered to have an indefinite life. It was estimated that the plant had a further life of 7 years and was depreciated on a straight-line basis. All the inventories were sold by 30 June 2022.
In May 2022, Steve Ltd transferred $23 500 from the retained earnings on hand at 1 July 2021 to a general reserve. In June 2022, Steve Ltd conducted an impairment test on the Band and on the goodwill acquired. As a result, the goodwill was considered to be impaired by $6 000 and brand by $6 500.
The tax rate is 30%.
Required -
1. Prepare the acquisition analysis at 1 July 2021.
2. Prepare the consolidation worksheet entries for Chris Ltd's group at 1 July 2021.
3. Prepare the consolidation worksheet entries for Chris Ltd's group at 30 June 2022.
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: - Explain the goals and uses of special journals.
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.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
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, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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