What are criteria to determine if primary beneficiary exists

Assignment Help Managerial Accounting
Reference no: EM133003990

Problem 1: Apple owns 80% of Pear, Apple had a bond payable outstanding on January 1, 2010 with a book value of $212,000. Pear purchases the bond in the open market for 199,000. How much is the Same facts with Pear reporting interest income of $22,000 and Apple reporting interest expense of $21,000. How much is consolidated income in 2010.( show calculations)

Problem 2: Which special purpose entities must be consolidated ?

Problem 3: Who is required to consolidate a variable interest entity?

Problem 4: What are the criteria to determine if a primary beneficiary exists?

Reference no: EM133003990

Questions Cloud

Prepare the journal entry to be recorded by thompson on dec : Thompson owns 100% of Rollins and at December 31, 2012, Prepare the journal entry to be recorded by Thompson on December 31, 2012.
Evaluating the value and merit of the research : Demonstrating proficient English language skills - Evaluating the value and merit of the research you will be utilizing
What amount was actually paid this year for warranty claims : The amount charged to warranty expense on its books was 95,000. Assuming a 40% income tax rate, what amount was actually paid this year
Perform a financial analysis for a project : Perform a financial analysis for a project. Assume that the projected costs and benefits for this project are spread over four years as follows: Estimated costs
What are criteria to determine if primary beneficiary exists : What are the criteria to determine if a primary beneficiary exists? Apple owns 80% of Pear, Apple had a bond payable outstanding on January 1, 2010.
Analyze enbridge as a company : 1. Analyze Enbridge as a company. Are they a good buy nor not? Why/why not?
Written assignment-capm considerations : Estimates of firms using the CAPM suggest that almost 75% of firms use the CAPM as a method to calculate their costs of new equity. Given the CAPM, the formula
What is actual plus adjustment budgeting in finance : What is actual plus adjustment budgeting in finance, with example?
Find how much is the gain or loss on retirement of the bond : Apple owns 80% of Pear, Apple had a bond payable outstanding on January. How much is the gain or loss on retirement of the bond

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How calculate the net present value in dollars

Calculate the net present value in dollars , assuming a 15% rate of return. (Ignore income taxes.)Magenta Inc. is considering modernizing production facility

  What is the minimal amount of fixed capital

What is the minimal amount of fixed capital which is to be paid prior the registration in the commercial register? What are the options to deposit fixed capital

  Find How can an investor buy Samsung stock in the US

Find How can an investor buy Samsung stock in the US? While Samsung is a hugely popular brand, holding its shares has never been easy for U.S. investors.

  Calculate the manufacturing cycle efficiency

Calculate the manufacturing cycle efficiency. The vice president of finance has decided that traditional standards are inappropriate for performance measures

  What is the dividend payout ratio

If Net Income is $50,000, earnings per share is $1.50 and paid dividends is $0.30 per share. What is the dividend payout ratio? Provide the suitable example.

  Reconcile difference variable costing and absorption costing

Walsh Company manufactures, Reconcile the difference between variable costing and absorption costing net operating income in year 1 and year 2.

  Calculate the total manufacturing costs for july for job

Prepare the journal entry when job A254 was completed on 26 July, assuming that the balance of work-in-process inventory for job A254 on 1 July

  Prepare a suggested price list for the atlanta area

Prepare a suggested price list for the Atlanta area. Consider only one-separation rounds and two-separation rounds or ovals, and only the two sizes - Calculate the variable costs per thousand bottles for one- separation rounds, two- separation rou..

  Discuss the way in which bhp billiton has demonstrated

According to Sikka (2008, p.291), "The burgeoning corporate social responsibility literature rarely focuses on the anti-social practices of accounting firms...Accountancy firms are on a collision course with civil society".

  Which is not a value engineering method of reducing costs

Which is not a value engineering method of reducing costs? Simplifying the design and thereby decreasing the number of component parts

  What is budgeted materials purchases cost for first quarter

Beginning inventory for this material is 23,600 kg and the cost per kg is $8. What is the budgeted materials purchases cost for the first quarter?

  Calculate the total costs in keeping the old machine

Calculate the total costs in keeping the old machine and purchase a new machine. Should the old machine be replaced

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