User Account

All Pages

What amount of prepaid dividends that company a recognize

Assignment Help Accounting Basics
Reference no: EM132737694

Assume that company A acquired 75% of company B in 1/1/2019. The investment cost is 300,000$. The book value of inventory is more than the market value of company B was 25,000, and no inventory sold in 2019. Additionally, company B incurred loss of 60,000. Net profit of company A before profit of investment was 100,000. Also, no dividends wat to Non-controlling interest.

Problem 1: What is the amount of prepaid dividends that company A should be recognize it in its statement of financial position in 31/12/2019, and what is the amount of company A year net profit/loss?

Reference no: EM132737694

Questions Cloud

Removable contamination : Apply the ALARA concept for worker protection during replacement of a pump in a system where removable contamination
What amount should wonder record as a note receivable : What amount should Wonder record as a note receivable on its statement of financial position on March 1, 2020, rounded to the nearest dollar?
Describe your chosen clinical issue of interest : Your quest to purchase a new car begins with an identification of the factors important to you. As you conduct a search of cars that rate high on those factors.
How such organization can be designed : Discuss, with a supporting model, how such organization can be designed or redesigned to accomplish the strategic goals.
What amount of prepaid dividends that company a recognize : What is the amount of prepaid dividends that company A should be recognize it in its statement of financial position in 31/12/2019
What was New England cash balance at the end of the year : New England Co. had net cash provided by operating activities of $351,000; What was New England cash balance at the end of the year
What is the value of retained earnings of company a : Assume that company A has retained earnings of 36,000, Under acquisition method, what is the value of retained earnings of company A directly after acquisition?
What is the fair value of inventory in company b : What is the fair value of inventory in company B? In 1/1/2019 company A consolidated with company B, and this result on company C. book values of inventory
Do you think that civil rights movements : Do you think that the Civil Rights Movements of the 1960s would have had the same impact if they had been lead by Malcolm X instead of Martin Luther King?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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