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The HUL Company Limited decides to replace one of its old plants with a modern one with a larger capacity. The plant when installed in 1980 cost the company Rs. 24 lakhs, the components of materials, labour and overheads being in the ratio of 5:3:2. It is ascertained that the costs of materials and labour have gone up by 40% and 80% respectively. The proportion of overheads to total costs is expected to return the same as before. The cost of the new plant as per improved design is Rs. 60 lakhs and in addition, material recovered from the old plant of a value of Rs. 2,40,000 has been used in the construction of the new plant. The old plant was scrapped and sold for Rs. 7,50,000. The accounts of the company are maintained under the Double Accounts System. Indicate how much would be capitalised and the amount that would be charged to revenue. Show the ledger accounts.
Gerken Company concluded at the beginning of 2013 that the company's ownership interest in DillCo had increased to the point that it became appropriate to begin using the equity method to account for the investment.
All of the 2009 loss can be carried back against the income of 2007 and 2008 for purposes of determining the company's 2009 income tax liability. How should the carryback be presented in the company's 2009 financial statements?
Compute the labor rate variance, the labor efficiency variance, and the total direct labor cost variance for October and for November.
Would it be appropriate to make the changes described above in order to obtain favorable terms from the labor union negotiators?
discuss the advantages and disadvantages of using analysis trees. do you think using an analytical tree approach would
according to gasb statement no. 44 all of the following is a recommendation category for the cafrs statistical section
Explain the pros and cons of debt financing (borrowing) and equity financing (issuing stock). Examine the balance sheets of a few companies and determine what percentages they are financed through debt and equity. In today's economic climate wh..
Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?
Compute the income or loss before taxes recorded by Krawczyk for the years ended December 31, 2011, and 2012,as a result of the above transaction, assuming that the installments are collected as due under the contract.
juan acquires a new five-year class asset on march 14 2013 for 200000. this is the only asset juan acquired during the
Determine Lacy's pension expense for 2013.
Will the CPA firm be liable to the creditors who extended the money because of their reliance on the erroneous financial statements if Newell Corporation should fail to pay them? Explain.
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