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Question - On January 1, 2019, An entity acquired 30% of the voting share capital of another entity for P2,000,000 which was equal to the carrying amount of interest acquired. The investee reported net income of P800,000 for 2019 and paid dividend of P500,000 on December 31, 2019. The investee reported net income of P1,000,000 for the six months ended June 30, 2020 and P2,500,000 for the year ended December 31, 2020, but paid no dividend during 2020. On July 1,2020, the investor sold half of the investment for P1,500,000. The fair value of the retained investment was P1,600,000 on July 1, 2020 until January 1, 2021. The retained investment is to be held as nontrading measured at FVTOCI. What amount of gain from re-measurement of investment?
Ridge is the manager of a motel. As a condition of his employment, Ridge is required to live in a room on the premises so that he would be there in case.
this is in response to a request for each candidate to submit his or her management philosophy for the position of
Calculate the 2022 depreciation expense on the garage using the straight-line method and assuming a 15-year life and a $37,500 salvage value
it is found that when a particular 4-sided die is rolled a 1 occurs 22.8 of the time a 2 occurs 25.3 of the time a 3
Identify and explain the advantages and disadvantages of virtual teams. Outline the factors required for virtual teams to be successful
What does the term accounting ethics most closely related to? Determining what is acceptable to stakeholders vs your own thoughts.
On June 10, Tuzun Company purchased $9,700 of merchandise from Epps Company, Prepare separate entries for each transaction on the books of Tuzun Company
Selling and administrative expenses for this product line are $1,100 per month. How many 10-inch skillets should Cook Pro produce in July
On August 1, Piper sent the sales tax collected from the sale to the government. Record entries for the July 15 and August 1 transactions.
Construction was begun on June 1, 2010 and was completed on December 31, 2010. Compute the amounts of total amount of interest cost
you work as an accountant for a small land development company that desperately needs additional financing to continue
e-Shop, Inc. has net sales on account of $1,600,000. The average net accounts receivable are $620,000. Calculate the days' sales in receivables
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