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 - Resolute Limited acquired 45% of Jain Corporation's 58,000 common shares for $17 per share on January 1, 2021. On June 15, Jaindeclared a dividend of $126,000 and Aurora received its share of the dividend on the same day. On December 31, Jain reported net income of $304,000 for the year. At December 31, Jain's shares were trading at $20 per share. Resolute accounts for this investment using the equity method.
Resolute also acquired 15% of the 378,000 common shares of Trevis Ltd for $29 per share on March 18, 2021. On June 30, Trevisdeclared a $330,000 dividend and Aurora received its share of these dividends on that day. On December 31, Trevis reported net income of $594,000 for the year. At December 31, Trevis's shares were trading at $27 per share. Resolute intends to hold on to the Trevis shares as a long-term investment for the dividend income. Resolute uses the fair value through profit or loss model for this investment.
Required - Record the above transactions for the year ended December 31, 2021.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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