Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Assume that Company A acquires 70 per cent of Company B for a cash price of $14 million when the share capital and reserves of Company B are:
Share capital $8 million
Retained earnings $2 million
Total $10 million
(a) What amount of goodwill will be shown in the consolidated statement of financial position pursuant to AASB 3 assuming that any non-controlling interest in the acquirer is measured at fair value?
(b) What amount of goodwill will be shown in the consolidated statement of financial position pursuant to AASB 3 assuming that any non-controlling interest in the acquirer is measured at the non-controlling interest's proportionate share of the acquiree's identifiable net assets?
(c) Pass the necessary consolidation journal entries and the journal entries to record the non-controlling interest if the non-controlling interest in the acquirer is measured at the non-controlling interest's proportionate share of the acquiree's identifiable net assets.
(d) What are some of the implications of allowing the group to have two options in accounting for goodwill on consolidation?
April 6 Returned $300 of the inventory purchased on April 3. Prepare the journal to record the first transaction (i. e. 3 April)
How much annual payment in the retirement account is needed to accumulate the amount needed to purchase the bond when retiring?
A bond payable is dated January 1, 2014, and is issued on that date. The face value of the bond is $100,000, and the face rate of interest is 8%. The bond pays interest semiannually. The bond will mature in five years.
Shareholders invested an additional $35,000 cash in the business. Prepare a classified balance sheet (statement of financial position) at December 31, 2015
Merlin Corporation owns a patent that has a carrying amount of $400,000. Prepare journal entry, if necessary, to record the loss on Impairment
The company collected $4,170,000 in cash from customers during the year. Which amounts will appear on the income statement
Rosa's employer has instituted a flexible benefits program. What is Rosa's cost of underfunding as compared with cost of overfunding flexible benefits account
How unit product cost is computed under two methods of variable and absorption costs? How does variable cost affect the banking industry
internal control procedures as an auditor you have discovered the following problems with the accounting system control
Give an example of a company that had to alter a product or service because of society's concerns about its health, moral, or social impacts.
How does Gina's monthly profit increase as revenue increases? (Note: given that absence of unit-level data, you will need to express Gina's monthly profit in terms of revenue).
Paid-in Capital in Excess of Par-Common Stock 551000. What the total stockholders' equity of Waterway Industries
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd