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 January 1, 2019, Gardner Associates purchased 20 percent of the outstanding shares of stock of Gillen Corp. for P8,000,000 cash. investment. On that date, Gillen's net assets (book and fair value) were P30,000,000. Gardner has determined that the excess of the cost of its investment in Gillen over its share of Gillen's net assets is attributable to a depreciable asset which has an estimated useful life of 20 years.
Gillen's net income for the year ended December 31, 2019, was P1,800,000 and paid P400,000 cash dividends.
Gardner sold 50% of its ownership in Gillen for P3,200,000 on December 31, 2019.
Required - Record the above transactions under the cost and equity methods.
Prepare the journal entry to record the issuance of the bonds on April 1, 2019. Prepare the Adjusting entry for the year ended of December 31, 2019.
You can invest in the US at 8.8% per annum. From the US perspective, what is the effective dollar interest rate from investing in the US for one year?
Check Tampering; Register Disbursement Schemes; Billing Schemes; and Payroll and Expense Reimbursement. What are the six characteristics of skepticism including their definitions? What are the five areas of COSO and the seventeen supporting principle..
After-tax cash flows of $48.00 in Year 1, $72.00 in Year 2, and $129.00 in Year 3. The required rate of return is 20 percent. The net present value is
During March, the production department of a process operations system completed and transferred to finished goods 24,000 units that were in process at the beginning of March and 140,000 units that were started and completed in March. Compute the num..
Explain the Importance of non-financial information in financial report and future possible trends in reporting of non-financial information.
The firm's WACC is currently 10.54% and the tax rate is 41%. If the company converts to 27% debt, what will its cost of equity be
What the new amortizing payment after the prepayment (in dollars) is? You ae going to form a 4-tranche CMO from a pool of mortgages.
If Coaster Trucks makes the appropriate adjusting entry, how much will be reported on the December 31, 2021 balance sheet as accounts receivable?
At Help Today's annual fundraiser, pledges of $225,000 were received. How should these pledges be reflected on Help Today's financial statements
Its capital expenditures for the same year were $2,000,000. Compute the company cash flow adequacy ratio
Determine the net operating profit or loss for the business. Provide detailed assumptions to support each line item in your Proforma P&L Statement.
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