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Question - On 1 July 2018 ABC Ltd. acquired a land for 100,000 which is measured using the revaluation model. At 30 June 2019, Land was assessed to have a fair value of $150,000. At 30 June 2020, Land was assessed to have a fair value of $90,000.
Required - Prepare the journal entries during the period 30 June 2019 to 30 June 2020 in relation to the Land.
Which amounts increases each period when accounting for long-term mortgage payable?Reduction of principle/Interest expense
Which Gain or loss on discontinued segments, if material, are reported? as a part of income from continuing operations with other gains and losses.
How the asset will be accounted for in the 2015 financial statements ( Statement of Profit and Loss for 2019 and Statement of financial position)
What is the price variance in November? Henry's Food Services budgeted 3,400 covers to be served in November, and the budgeted price/cover was $7.50.
Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends: Determine the dividends per share for preferred and common stock for each ye..
The bond has a face value of $1,000 and a 9% annual coupon. The bond has a current yield of 7.63%. What is the bond's yield to maturity?
what are the journal entries required from the bank reconciliation. Ensure that your journal entry(ies) includes an explanation as to the reason for adjustment
What amount of total assets did Beta reported in its balance sheet immediately after the acquisition; what amount of assets was reported in the consolidate
Construct a swap that is equally attractive to Martial International Inc and Mo International Inc. and show the rates of interest they will end up paying.
The CFO thinks an adjustment is required. What is the difference in the expected NPV if the inflation adjustment is made vs. if it is not made?
What was the cash generated by the revenues - How much new investment in PPE was there during the year - What was the cash generated from revenue in 2013
You need to read the auditing article regarding “Analytical procedures” very carefully to write an acceptable comment on it. Comment should be detailed oriented. “Analytical procedures are an important aspect of not only understanding financial data,..
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