Reference no: EM132937995
Questions -
Q1) The Black Corp. accounts for non-current assets using the cost model. On 25 April 2021, Black Corp. classified a non-current asset as held for sale in accordance with PFRS5. At that date the asset's carrying amount was P32,000, its fair value was estimated at P22,000 and the costs to sell at P3,200. On 15 May 2021 the asset was sold for net proceeds of P17,400. In Black Corp.'s statement of comprehensive income for the year ended 30 June 2021: What amount should include as an impairment loss?
Q2) On January 01, 2020, Blue Corp. acquired an investment property, and the initial cost of the investment property was P5,000,000. On the acquisition date, the company chooses the cost model to account for its investment. As of December 31, 2020, it has a carrying value of P4,900,000 and a fair value of P5,100,000. On December 31, 2021, the company decided to transfer the investment property to owner-occupied property that is also under the cost model. On the date of transfer, the fair value of the property is P5,000,000 while its carrying value was P4,800,000. What amount of gain or loss on transfer should the company recognize on December 31, 2021?
|
At what amount the investment property should recognized
: The rest of the floor area are let out to tenants, at what amount the investment property should be initially recognized
|
|
What is the role of the trainer
: What is the role of the trainer? Have the trainers you've been trained by exemplified that role? How or how not? Again, use workplace examples and integrate ide
|
|
Employee perspective and from an employer perspective
: Ohio is an employment-at-will state. Briefly explain what that means from an employee perspective and from an employer perspective. Do you believe employment at
|
|
What is the balance in the supplies expense account
: Yard Professionals Inc. experienced the following events in 2018, What is the balance in the Supplies Expense account as of January 1, 2019?
|
|
What amount of gain or loss on transfer company recognize
: The fair value of the property is P5,000,000 while its carrying value was P4,800,000. What amount of gain or loss on transfer should the company recognize
|
|
International human resource management
: Appraisal system in international human resource management
|
|
How the four bioethical principles should guide budgetary
: Explain how the four bioethical principles should guide budgetary decisions in the public health realm. The bioethical principles are autonomy, beneficence, mal
|
|
How much accounts receivable must presented as of December
: How much accounts receivable must be presented as of December 31, 2020, assuming only the above transactions happened during the year
|
|
Health and safety practices at workplace
: Discuss three benefits of following health and safety practices at workplace?
|