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Question - Assume that company A acquired 75% of company B in 1/1/2019. The investment cost is 300,000$. The book value of inventory is more than the market value of company B was 25,000, and no inventory sold in 2019. Additionally, company B incurred loss of 60,000. Net profit of company A before profit of investment was 100,000. Also, no dividends wat to Non-controlling interest. What is the amount of prepaid dividends that company A should be recognize it in its statement of financial position in 31/12/2019, and what is the amount of company A year net profit/loss?
On 1 July 2011, Parent Ltd acquired 100% of the share capital of Son Ltd for $ 1,000,000. Prepare the revaluation and pre-acquisition journal entries
Question - On October 1, Kenny Inc. signed a $50,000 note payable with First County Bank. Prepare the adjusting journal entry required at October
A deferral is the delay in recording an expense already paid, such as prepaid insurance. Wages payable is considered an accrued expense or accrued liability.
A company requires $1,020,000 in sales to meet its net income target. What is the target net income
evans company has the following informationannual demand -----------------------------------------4000 unitscurrent
johnson products inc. has three regional division organized as profit centers. the chief executive officer ceo
bubble corporation manufactures two products i and ii from a joint process. a single production costs 4000 and results
Your uncle offers to put you through school, and he will deposit in a bank paying 7% interest a sum of money, How much will be in the account immediately
Prepare a more logical performance report where standard allowed is based on actual output. Also, split each variance into its price/rate/spending.
Direct materials used during the year amount to $46,100 and the cost of goods sold for the year was $52,800. Prepare a cost of goods sold statement
Determine the amounts to be reported on Coronado's balance sheet and income statement for its investment in Sugar CORONADO LTD
Red Bank Enterprises was involved in the following transactions during the fiscal year ending October 31:
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