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Question: Equity Investment (30)Panthers Corp. purchased 8,000 shares of Canes Corp. for $100 per share on August 1, 2019. As per IFRS 9, Panthers chose to classify this new investment as FVOCI at the time of the purchase. On November 1, 2019 Canes paid a dividend of $2 per share. At balance sheet date the market price of Canes was $90 per share. On March 1, 2020 Panthers sold all 8,000 shares for $105 per share.
Required: Prepare the journal entries required under IFRS as well as those that would be required under GAAP.
Whetzel Corporation reported net income of $150,000, declared dividends on common stock of $45,000, and had an ending balance in retained
Assume for 2011 that Don made one transfer involving his granddaughter as follows: Don opened a joint checking account with his granddaughter, with right of survivorship, for her college expenses.
Estimate the labor rate variance and round to the nearest whole dollar. Enter a favorable variance as a negative number. Enter an unfavorable variance
Research ERP to determine what its purpose is. Also, determine what problems have been encountered when different companies in different industries have implemented this kind of system.
warren company owns a machine with an acquisition cost of 800000. the estimated residual value of the machine is 50000
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Fortune Brands Home & Security, Inc., sells Master Lock padlocks. It reported an increase in net sales from $ 3.3 billion in 2011 to $ 3.6 billion in 2012, and an increase in gross profit from $ 1.0 billion in 2011 to $ 1.2 billion in 2012. Based on ..
Evaluate the quality of each gene in your test set. How was the intron/exon structure of these genes determined
global.com has cash of 75000 short-term notes payable of 100000 accounts receivables of 275000 accounts payable of
Walmart's 2020 annual report, When a customer purchases a gift card from Walmart, what impact does this have on Walmart's financial statements?
A positive foreign currency translation adjustment for the year totaled $680. Prepare Wu's single, continuous statement of comprehensive income for 2021
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