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Question: Big Ltd., a Canadian public corporation owns 85% of the shares of Small Ltd. Both corporations have a December 31 year-end. The fair market value and tax value of the non-depreciable assets owned by Small total $400,000 and $100,000, respectively. The values have increased substantially from their $300,000 value at the time Big acquired Small. The shares of Small are currently worth $600,000 and have an ACB of $150,000. Big and Small amalgamated on January 1 of the current year. What is the ACB of Small's non-depreciable assets in the corporation formed by amalgamation?
Determine the annual bond interest rate that they must pay if investors desire a MARR of 8% per year.
The lease requires $150,000/year, payments at beginning of each year. Lease is for 7 years. Interest rate is 3.0%. Show the appropriate journal entries
What would be the net present value? Michaels, Inc., purchased a machine for $75,000. The machine has a useful life of five years and no salvage value.
What is the amount the employer should record as payroll taxes expense for the employee for the month of January
On January 20, 2011, Tamira Nelson, the accountant for Picton Enterprises, is feeling pressure to complete the annual financial statements.
Net cash flow of shs 80,000,000 per year for 6 years. The required rate of return for both projects is 13%. Calculate the IRR and the NPV for the equipment.
Which one of these statements is correct? Assume all else held constant.
Assuming that the exchange has commercial substance, Bloomington would record equipment and a gain/(loss) on exchange of assets in the amounts of
On January 1, 2019, Ramsey Company purchased 35%,Ramsey accounted for the investment using the equity method. what Ramsey's share of Vapor's income for 2019 is?
Which is a non-adjusting event requiring disclosure? When is difficult to distinguish between a change in accounting estimate and accounting policy, an entity?
What amount should Joe invest today so he can withdraw $60,000 at the end of each year for 30 years after he retires? Assume oe can invest money at 6%
Karl's share of partnership liabilities before the distribution is $5,000, What is Karl basis of inventory for case
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