User Account

All Pages

What carrying amount of disposal group after classification

Assignment Help Accounting Basics
Reference no: EM132724844

Problem 1: Amy Company is planning to dispose of a collection of assets. The entity designated these assets as a disposal group. The carrying amount of these assets immediately before classification as held for sale was P2,000,000. Upon being classified as held for sale, the assets were revalued at P1,800,000. The entity estimated that it would cost P100,000 to sell the disposal group. What is the carrying amount of the disposal group after classification as held for sale?

Reference no: EM132724844

Questions Cloud

Describe the important implications of the audit case : The international CPA firm of Arthur Andersen faced significant liability. Describe the important implications of audit case for a firm of public accountants.
Find what amount should the asset be measured in statement : Find what amount should the asset be measured in the statement of financial position on December 31, 2019? Terry Company accounts for noncurrent assets
Family health risks and multiculturalism : Discuss possible interventions or resources for the family using the resources available in your community.
Find what amount should be recognized in profit or loss : On December 31, 2021, the fair value of the equipment. What amount should be recognized in profit or loss as a result of the reclassification in 2021?
What carrying amount of disposal group after classification : Amy Company is planning to dispose of a collection of assets. What is the carrying amount of the disposal group after classification as held for
Community health project presentation : Suggest implications for community health nursing. Suggest areas of research for the elderly female poulation based on weekly readings and lectures.
Find and calculate the diluted earnings per share : Find and Calculate the diluted earnings per share. Wildhorse Corporation reported net income of $278,610 in 2020 and had 242,000 common shares outstanding
Competent information management structure : The establishment of a competent information management structure is a high priority for any health care organization.
How should he get started with succession plan : If you were going to advise Jack, what would you recommend he do first? How should he get started with his succession plan? What should he do next?

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