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Question - On January 1, 2022, Entity A, a public entity, acquired 90% of outstanding ordinary shares of Entity B. All the assets and liabilities of Entity B are properly valued except for its only building with cost of P1,000,000 and accumulated depreciation of P100,000 without any residual value. On January 1, 2022, the building is already two years of age. The fair value of the building on Jan 1, 2022 is P720,000. On July 1, 2022, Entity B sold the said building to Entity A at a loss of P90,000.
On Dec 31, 2022, what is the consolidated book value of the said building to be presented in the Consolidated Statement of Financial Position of Entity A?
If the alternative set up was adopted, direct cost could have been 850, 000. In addition, Mozart fixed costs were 100, 000. The incremental cost was ?
They need your help! What kind of guidance would you provide to them in this situation? What additional facts would you need to know?
The expected return on the market portfolio is 15% and the expected risk-free rate is 4%. Calculate the WACC for Lulia Apparel plc
Common fixed costs (fixed costs not traceable to either cabinet) are $35,000. Calculate the number of Grade I and Grade II
Be sure to label and clearly identify your work to demonstrate your understanding of the concept even if you arrive at the incorrect answer.
How can business professionals use the LOOKUP functions in Excel in an inventory worksheet to track individual store sales? explain and list references
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To process the pictures, she estimates that she would have supplies expenses of $7 per picture. Compute the break-even point in sales dollars
Land, $374,000; Building, $1,100,000 and Equipment, $726,000. What value will be reported for the building on the balance sheet
Rhodes, Inc., is a fast-growing start up firm that manufactures bicycles. The following income statement is available for July:
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