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Question - Problem Corporation owned 80% interest in a purchased subsidiary, Solve Company, which was accounted for by the cost method. During the year 2017, Problem Corporation had CI of P145,000 which includes dividend income from Solve Company amounting to P32,000. Solve Company had a CI of P120,000. There was no difference between the current fair values and the book values of Solve Company's identifiable net assets on the date of the business combination, and there was no goodwill in the business combination. For the year 2017:
What is the consolidated CI attributable to parent?
What is the consolidated CI attributable to NCI?
What is Problem Corporation's CI from own operations?
What is the consolidated CI of Problem Corporation and subsidiary?
What is Solve Company's CI from own operations?
Valor Ltd. issued $2,000,000 of 6%, 10 year bonds on September 30, 2020 when the effective interest rate was 8%. Calculate interest expense for December
Elimination journal entries for consolidation at that date and calculation of non-controlling interest balance and consolidation worksheet
Calculate the forecasted amount for accounts receivable in 2018 assuming the current period has 365 days. (Round to the closest whole number)
What the return each hour for item X is? Company B utilizes a throughput bookkeeping framework. The subtleties of item X per unit
On the grant date the pre set SAR price of the related common stock are the same, $17 per share. What is adjusting journey entry recorded at end of 12/31/x4?
Devon Harris Company sells 10% bonds having a maturity value of $2,741,000 for $2,543,396. The bonds are dated January 1, 2014, and mature January 1, 2019. Interest is payable annually on January 1. Determine the effective interest rate:
Question - You invest $500 in a stock that has a 30% chance of a 4% return, a 50% chance of a 6% return. What is your expected return after one year
Illustrate what are some of the risks of the interviewer basing their decisions on these interpretations? How can the interviewer minimize or avoid these risks?"
Towson keeps lumber on hand at 40% of the next month's production needs. Use this information to determine number board feet of lumber
Write a brief professional memo that evaluates VIZIO's domestic and international industry conditions, and analyse VIZIO's corporate strategy
Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors Corporation uses the LIFO inventory method. Calculate the inventory turnover and day..
Explain the differences between the legal and ethical aspects of the situation, as well as how the differences between the two can impact decision making.
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