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Question - Peter Ltd. acquired 80% of Lenny Ltd. in 20X5. On Jan. 1, 20X9, Peter acquired another 5% of Lenny's common shares for $300,000. Under the entity method, the balance of the non-controlling interest at December 31, 20X8, was $500,000. What adjustment should be made to the consolidated shareholders' equity to reflect Peter's additional purchase of shares?
The tax rate in the United States is 34 percent, If the subsidiary declares a 100% dividend, what is the amount of its direct and deemed direct tax credit
Insurance expense was debited for this premium. The entity paid $13200 previous year. what's the adjusted journal entry
Evaluate what changes should be made to both the Sarbanes-Oxley Act of 2002 and other current laws in order to make them more effective in deterring companies from committing crimes.
alam company is a manufacturing firm that uses job-order costing. at the beginning of the year the companys inventory
A variable selling cost of $2 per unit would be eliminated. If the order is accepted, find the differential effect on profit
preferred stock 8 50 par value 300000 150000 common stock 10 par value 80000 shares authorized 80000 shares issued
Paid $2,900 cash on accounts payable. Prepare a tabular analysis of the September transactions beginning with August 31 balances
Determine the difference between absorption and variable costing witout preparing an incom statement.
Janice, who does not have a job, received interest income of $780 from a personal investment; Calculate Kevin's tax payable
Williams & Sons last year reported sales of $10 million and an inventory turnover ratio of 2. The company is now adopting a new inventory system.
accrual based accounting is a requirement of generally accepted accounting principles gaap. the use of both the
What questions about cash are answered by the statement of cash flows? Distinguish among the three activities reported in the statement of cash flows.
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