Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - On March 1, 2022 Tulip purchased for P400,000 a trademark for a very successful soft drink it markets under the name PowPow! The trademark was determined to have an indefinite life. A competitor recently introduced a product that is in direct competition with the PowPow! product, thus suggesting the need for an impairment test. Data gathered by the entity suggests that the useful life of the trademark is still indefinite, but the cash flows expected to be generated by the trademark have been reduced either to P22,000 per year (with a probability of 60%) or to P33,000 per year (with 40% probability). The appropriate risk-free interest rate is 7%. The appropriate risk-adjusted interest rate is 12%. What is the carrying value of trademark as of December 31, 2022?
A. P368,291
B. P400,000
C. P377,143
D. P397,291
The first bond issue has a face value of $67 million and sells for 93 percent of par. What is Filer's capital structure weight of debt on a book value basis?
Variable costs are allocated based on the budgeted rate per copy times the department's actual usage. Which of the following is not an advantage of this allocation scheme over allocating actual costs based on actual usage?
Does ratcheting in Accounting budget mean automatically raising the goals or prices without considering changes to the business or economy?
What is the error in total net profit for the combined three-year period resulting from the inventory errors? Explain.
Employment Insurance (EI) premiums and income tax. Provide two examples of a cash allowance, a cash taxable benefit and a non-cash taxable benefit.
Gerald Englehart Industries changed from the double-declining-balance to the straight-line method in 2015 on all its plant assets. There was no change in the assets’ salvage values or useful lives. Plant assets, acquired on January 2, 2012, had an or..
15% interest paid every June 30, loan is payable on June 30, 2021 1,000,000. What is the total current liabilities as of December 31, 2020
If I capitalize an item that should have been expensed, my cash flow from operations will be overstated and my cash flow from investing activities will decrease. All financial statements submitted to the SEC including annual (10-K) and quarterly (10-..
Sandhill Corporation had 91,200 common shares outstanding. Calculate the weighted average number of shares for 2020 and earnings per share (EPS).
Compute the rate of depreciation per year to be applied to the plant assets under the composite method. Prepare the adjusting entry necessary at the end of the year to record depreciation for the year. Prepare the entry to record the sale of asset D ..
Will the adjustment to net income for deferred taxes to compute cash flow from operations in the statement of cash flows result in an addition or a subtraction for 2007? For 2008?
What is the carrying amount of the investment in associate on December 31,2019? SME acquired a 30% interest in the ordinary shares of another entity
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd