User Account

All Pages

What figure for the fair value adjustment

Assignment Help Accounting Basics
Reference no: EM133176544

Question - Virgo Company acquired 65% of the share capital of a foreign entity on August 31, 2012. The fair value of the net assets of the foreign entity at that date was 8,240,000 yen. This value was 2,640,000 higher than the carrying value of the net assets of the foreign entity. The excess was due to the increase in value of non-depreciable land. The functional currency of the entity is Philippine Peso. The financial year-end of the company is December 31, 2012. The exchange rates at August 31, 2012 and December 31, 2012 were Yen 2 = P1 and Yen 1.25 = P1, respectively.

What figure for the fair value adjustment should be included in the group financial statements for the year ended December 31, 2012?

a. 4,284,800 c. 2,678,000

b. 2,112,000 d. 1,320,000

Reference no: EM133176544

Questions Cloud

Describe required processes for workplace collaboration : Identify organisational requirements relevant to managing and leading workplace relationships.
What is the taxable income : Capital gain on sale directly to buyer of shares of domestic corporation 120,000. What is the taxable income if the taxpayer had chosen itemized deduction
Advantages and disadvantages of donating to charity : The mission of three local charities (in your area) that have a high need of donations.
Explore the concept of repositioning : Search the Internet for an advertisement that you feel is targeted at you based on your age, ethnic background, personal interests, etc.
What figure for the fair value adjustment : What figure for the fair value adjustment should be included in the group financial statements for the year ended December 31, 2012
Stakeholder communications and engagement : Do you think the many communications options available are helping or hurting stakeholder communications and engagement?
Discuss the philosophical stance of the researchers : Identify two research appears that are directly relevant to your chosen topic - Use the research ‘onion below to annotate each layer of the onion
Describe a data warehouse : 1. Discuss HIPAA requirements regarding privacy and protected health information
Estimate the unlettered beta for HM plc : HM PLC has a capital structure of £60 million outstanding debt and £120 million equity. Estimate the unlettered beta for HM plc

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