What amount of pre-acquisition earnings

Assignment Help Accounting Basics
Reference no: EM133143592

Question - C purchases 80 percent of D. At the date of acquisition, D has revenue of P250,000 and expenses of P170,000. What amount of pre-acquisition earnings will be created on the consolidated income statement at the acquisition date?

Reference no: EM133143592

Questions Cloud

Assignment on organizational culture : Scan through the company's website to find any statements made about the company's culture. Describe what you found by answering these questions:
Main challenges they face related to data strategy : 1. Considering Ocado's reliance on data, what are the main challenges they face related to data strategy, architecture, and management?
Calculate her Taxable Income and Tax Liability : Calculate her Total Assessable Income, Taxable Income, Tax Liability, Medicare Levy and Medicare Levy Surcharge, if applicable, for the taxpayer (Julia)
Determine the average cost per salad : (a) Determine the average cost per salad at each of the following monthly volumes: 1,000; 10,000; 50,000; 100,000
What amount of pre-acquisition earnings : At the date of acquisition, D has revenue of P250,000 and expenses of P170,000. What amount of pre-acquisition earnings
Campus wide behavior management systems : Identify two classroom management models and two campus wide behavior management systems.
Online learning environment : Determine the key factors that you feel are the most important in creating a welcoming online learning environment and the key factors
Prepare a draft of the December consolidated statement : Prepare a draft of the December 31, 2021 consolidated statement of financial position and consolidated statement of profit or loss
Gender roles in ballet : Discuss the relative position of the sexes in ballet before and after Marie Taglioni's starring position at the Paris Opera Ballet.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the total factory overhead cost variance

Frogue Corporation uses a standard cost system. Standard kilograms per completed unit 6 kilograms. Compute the total factory overhead cost variance

  What amount of cash to be invested by dd

What amount of cash to be invested by DD and the total capital of the partnership are? On October 20, 2020, CC admits DD for an interest in his business.

  Discuss the economic or damage related issues

Find some news related to intellectual property and discuss the economic or damage related issues

  Plant and equipment in the financial statements

Do you think it is valid to add the items, given the measures used and How would you interpret the total amount for property, plant and equipment

  Calculate each of the four cost category groupings

calculating the sum for each separate cost category shown, and be aware it's likely that more than one expense item will apply in each calculation

  Solve the given problem using weighted average method

Weighted-average method, spoilage. Logic Co is a fast-growing manufacturer of computer chips. Direct materials are added at the start of the production process.

  Find the following transactions near the closing date

Merchandise costing $2,800 was received on January 3, 2011 and the related purchase invoice recorded January 5. The invoice showed the shipment was made on December 29, 2010, f.o.b. destination.

  Describe the major differences among industrial firms

Describe the major differences among industrial firms, resellers, and government units in the United States.

  How much revenue should Tesla recognize

Tesla incurred costs of $600,000 and the customer made the first two milestone payments. How much revenue (for this contract) should Tesla recognize

  Calculate the markup percentage using variable-cost pricing

Fixed selling and administrative expenses $29. Its desired ROI per unit is $31.40. Calculate the markup percentage using variable-cost pricing

  Journalize treasury stock transactions

The shareholders equity section of Rowen Company shows: Common stock $1,500,000; paid-in capital in excess of par value of $1,000,000;

  Prepare a horizontal analysis of the balance sheet

Prepare a horizontal analysis of the balance sheet, showing dollar and percentage changes. Round all calculations in parts (a) and (b) to two decimal places.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd