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Question - Brad Ltd owns 75% of Jolie Ltd. During the year ended 30 June 20x1 Brad Ltd reported total sales of $10,000,000 and Jolie Ltd reported total sales of $15,000,000. $2,000,000 of Brad Ltd's sales were sales to Jolie Ltd. Jolie has sold all the assets from these sales from Brad Ltd to external parties during this year. What are the total sales reported in the consolidated profit or loss account for this year?
Prepare an income statement, a retained earnings statement, and a balance sheet as of December 31, 2010.
What is "Activity Based Costing" and how does it work? What does it do for a firm employing such a system? How do you go about developing such a system in a firm? What are the steps? What would an example look like?
Blossom Company leases an automobile with a fair value of $12,791. What is the present value of the minimum lease payments
Prepare any journal entries for the equipment at December 31, 2015. The fair value of the equipment at December 31, 2015, is estimated to be $4,600,000
Identify the classification of the lease transaction from Ballieu's point of view. Give the reasons for your classification
(Journal entries and financial statements for a Private Purpose Trust Fund) Prepare a statement of fiduciary fund net position as of that date.
The required return on your company's common stock and internal equity 12%. Calculate the pre-tax weighted average cost of capital (WACC) for your company
Determine a transfer price based on variable product cost. Determine a transfer price based on total variable product cost plus markup
Suppose a project requires a $10 million initial outlay to produce a guaranteed future cash flow of $12 million one year from today.
Show the entries for transaction - Show the adjusting entry assuming December 31 is the last day of the accounting period?
Phil Phoenix and Tim Tucson are partners in an electrical repair business. Their respective capital balances are $91,100 and $48,500, and they share profits.
How do you get the operating income. exclude the line starting with a 22,000 loss. Add in the data cash received from customers for services
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