Reference no: EM132605670
The tax rate is 30%. All non-controlling interest are valued at the proportionate share of the acquiree's identifiable net assets. Inventory on hand at 30 June 2020 included goods obtained from within the group as follows:
Apple Ltd purchased from Banana Ltd, sale price was $10,000 and cost $7,500.
Apple Ltd purchased from Cherry Ltd, sale price was $20,000 and cost $18,500.
Banana Ltd purchased from Cherry Ltd, sale price was $15,000 and cost $13,800.
The directors had applied the impairment test for goodwill annually and determined that a write-down of $3,090 is required for consolidation purposes at 30 June 2020 (write-down of goodwill in Banana Ltd is $440 and write-down of goodwill in Cherry Ltd is $2,650) with the same amounts deemed to be attributable for the prior period. All debentures (including the debenture from Cherry Ltd to Banana Ltd) is due 30 June 2030.
Required:
Question 1: In the space provided - show goodwill entries, intragroup transactions and calculate direct and indirect non-controlling interest
|
What is Friedmans net pay
: Employee Net Pay - Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Friedman's net pay
|
|
Hazardous materials
: Abstract: Hazardous materials have many ways in which they can be made like explosives, flammable substances, radioactive ingredients,
|
|
Solve any non-controlling interest
: During this year there was intragroup sales totalling $60,000, Calculate any non-controlling interest. Show all intragroup entries and full workings
|
|
Conduct force field analysis on issue
: Conduct a force field analysis on an issue in your organization. What are the driving and restraining forces affecting this issue?
|
|
Solve direct and indirect non-controlling interest
: The tax rate is 30%. In the space provided - show goodwill entries, intragroup transactions and calculate direct and indirect non-controlling interest.
|
|
Describing your own cultural heritage and traditions
: Describing your own cultural heritage and traditions and exploring possible origins of your values, worldviews, and behaviors.
|
|
Prepared the sum of three major components
: When an annual statement of cash flow is prepared the sum of three major components, operating activities, investing activities and financing activities
|
|
Calculate the amount of depreciation expense for the year
: Calculate the amount of depreciation expense for the year ended December 31, 2017, using the straight-line method of depreciation.
|
|
About any notion of correctness
: What is it that draws you to those lines? How do they make you feel? What do they make you think about? Don't worry about any notion of correctness.
|