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On January 1, 2014, Plow3 Company purchased an 70% interest in Slow3 Co. for P280,000. On this date, Slow3 Co. had Ordinary Share Capital of P100,000 and Retained Earnings of P50,000.
An examination of Slow3 Company's assets and liabilities revealed that book values were equal to market values all except plant and equipment (net) which had a book value of P200,000 and a market value of P250,000 and inventory which had a book value of P60,000 and a market value of P80,000. The plant and equipment had an expected remaining life of 5 years, and the inventory could all be sold in 2014.
Problem 1: Based on the consolidated financial statements: (Cost method and partial goodwill), what is the amount of NCI (non-controlling interest) as of December 31, 2015?
Find What is Timber Ridge's net profit margin? Round to 3 decimal places. The Timber Ridge Company has the following relationships.
Prepare a cash budget for the first quarter of the next year. Prepare a budgeted balance sheet as of the end of the first quarter of the next year.
Elliot Corp failed to record accrued salaries for 2013, of $2,000, for 2014 of $2,100 and for 2015 of $3,900. What is the amount of the overstatement and understatement of Retained earnings at December 31, 2016? Management has decided to switch from ..
Gupta Company purchased merchandise on account from a supplier for $13,200, terms 1/10, n/30. Gupta Company returned $1,700 of the merchandise and received full credit.
Miriah Inc. has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock?
What do you think the speaker in the Concepts in Action video you watched this week meant when he mentioned that he talked about the time value
Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period.
Obtain KO's 2014 Annual Report online. Review the financial statements and the notes to the financial statements.List the types of investments held by Coca-Cola fair-value method, cost-method, equity-method, consolidated.
capital structure decisions1.nbspthe cost of capital for a project depends primarily on thea. firms overall source of
How to Make the journal entries to record the acquisition of the drilling platform, and the asset retirement obligation for the platform, on January 1, 2020.
Make adjusting entries at July 31, assuming the company prepares adjusting entries monthly.
Assume, instead, that Sandhill Corp. decides to retire the bonds early, on January 1, 2022,Prepare the journal entry using the book value method.
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