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!
Corporate Accounting Assignment
FinalHeadache Ltd acquires all of the shares in Solutions Ltd on 30 June 2018. The financial statements for FinalHeadache Ltd and Solutions Ltd at 30 June 2019 (one year after acquisition) are provided below.
Additional information
Carrying amount ($000)
Fair value ($000)
Cash
150
Accounts receivable
200
Land
750
800
Plant (cost of $1 000 000, accumulated depreciation of $200 000)
900
1,900
2,050
No revaluations are undertaken in Solutions Ltd's accounts before consolidation.
Required
Provide the consolidated accounts of FinalHeadache Ltd and Solutions Ltd as at 30 June 2019 with the following:
-Goodwill computation
-Consolidation journal entries to:
Consolidation worksheet for FinalHeadache Ltd and its controlled entity for the period ending 30 June 2019 showing columns of Eliminations and adjustments and Consolidated amounts
Consolidated statement of financial position of the FinalHeadache group.
a. As a result of uninsured accidents during the year, personal injury suits for $350,000 and $60,000 have been filed against the company. It is the judgment of XYZ Company's legal counsel that an unfavorable outcome is unlikely in the $60,000 ..
division a manufactures electronic circuit boards. the boards can be sold either to division b of the same company or
Pitch Promotion Company recieved a bill for jet fuel. The bill is for $86,000 and is payable in 45 days. The accounting entry is?
"Auditors shouldn't be allowed to act like God," said Hideyuki Aizawa, a senior member of Japan's major political party the LDP. "Resona should be the first and last time this happens."
Assuming that the tractor was sold for $10,000, prepare the journal entry to record the sale.
the treasurer of riley coal co. is asked to compute the cost of fixed income securities for her corporation. even
Explain some common internal controls that a company might have in place. What are they designed to protect? What are the reporting requirements regarding internal controls in the Sarbanes-Oxley Act?
Calculate the tax disadvantage to organizing a U. S. business today, after passage of the Jobs and Growth Tax Relief Reconciliation Act of 2003, as a corporation versus a partnership under the following conditions.
a firm with a 13 wacc is evaluating two projects for this years capital budget. after-tax cash flows including
Disney's variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $22,000. If sales are expected to increase $40,000, by how much will the company's net income increase? and what is the process?
last year charles and kathy price bought a home with a dwelling replacement value of 200000 and insured it via an ho-3
MixRecording Studios purchased 7,800 in electronics components from TechCom. MixRecording Studio signed a 60-day, 10% promissory note for 7,800. If the note is dishonored, what is the amount due on the note?
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