User Account

All Pages

What is the audit response for fair value measurement

Assignment Help Accounting Basics
Reference no: EM132872127

Question - The fair value measurement of the properties as at 31 December 2019 are carried out by C H Williams Talhar & Wong Sdn. Bhd. and RHT Chestertons Valuation and Advisory Pte. Ltd. and are determined primarily using comparison methods.

The fair value measurement using comparison method draws reference to transactions of similar properties in surrounding with adjustments made for differences in location, terrain, size and shape of the land, tenure, title restrictions, if any and other relevant characteristics.

Required - What is the audit response for fair value measurement?

Reference no: EM132872127

Questions Cloud

Find the current and future income tax rates : Net income before income tax for 20X1 = 300,000. Find the current and future income tax rates are the same for this year. What is this rate
How much was the total paid in capital as of December : A 50% bonus issue was declared when each share sells for 42. How much was the total paid in capital as of December 31, 2021
Compute the required exclusion in gross estate : Assuming the bank was duly notified of his death, compute the required exclusion in gross estate
How this would change the accounting for the share issue : If a company used a direct private placement for issuing shares rather than a public placement, briefly explain how this would change the accounting for share
What is the audit response for fair value measurement : The fair value measurement using comparison method draws reference to transactions of similar properties. What is the audit response for fair value measurement
Discuss how much is the income subject to tax in each year : At the time of receipt in 2018 the note may be sold to a bank at a discount of 18%. Discuss how much is the income subject to tax in each year
What is cost of goods sold using full costing : During the year, Canarie produces 51,900 snow shovels and sells 46,500 snow shovels. What is cost of goods sold using full costing
Compute the net present value of the new copier : Compute the net present value of the new copier, assuming that the company goes ahead with the replacement decision
Calculate the target cost for the Slim Slicer : The company wants to earn a return of 40% of the selling price. Calculate the target cost for the Slim Slicer

Reviews

Write a Review

Accounting Basics Questions & Answers

  Based on your analysis would you recommend an individual

Based on your analysis would you recommend an individual invest in this company? What strengths do you see? What risks do you see?

  Calculate the cash paid for merchandise

Assume the following information was available for the current year's operations of the shoe company founded by Blake Mycoskie, TOMS. Use these data to calculate the cash paid for merchandise.

  How much in dividend was paid during the year 2012

The general manager proposed changes in the company's accounting policies in a few areas in an attempt to show a higher profit. He met the company's auditors to discuss these ideas. What do you think the auditors should have said?

  What is the value of the company inventory at year end

Using the Annual Report of any American (non service) company, answer the following questions: What is the value of the company's inventory at year end

  What amount would be reported on AKM income statement

On January 1, 20X5, AKM Corp. paid $450,000 cash to acquire 25% of the common shares of GKM Corp. What amount would be reported on AKM income statement

  Prepare journal entries to record each year end

Prepare journal entries to record each year end fair value adjustment for thesesecurities.

  How much must be deposited on January

How much must be deposited on January 1, 2014 in a savings account paying 6% annually in order to make annual withdrawals of $30,000

  Prepare a report comparing actual to budget

Prepare a report comparing Actual to Budget Year-to-date figures to disclose relevant variances for revenue and cost items and to signify whether the variance

  A business purchased some land for 25000 for a new business

a business purchased some land for 25000 for a new business location. the business decides to amortize the loan with 18

  What amount should ABC report as fund-raising expenses

Printing membership benefits brochures 30,000 and Maintaining donor list 10,000. What amount should ABC report as fund-raising expenses

  Calculate joan travel expense deduction for the trip

Joan is a self-employed -attorney in New York City. Calculate Joan's travel expense deduction for the trip, assuming the trip was made in 2010

  Compute the company current income tax expense or benefit

Draco Corporation reported pretax book income of $2,000,000. Compute the company's current income tax expense or benefit

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