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 - Philip Inc acquired a 70% interest in Jeff Inc several years ago. In 20X1, Jeff Inc sold inventory costing $150,000 to Philip Inc for $180,000. 20% of them were unsold until 20X2 (next year). In 20X2, Jeff sold inventory costing $120,000 to Philip again for $160,000 40% of them were unsold. In 20X2, Philip reported COGS of $300,000 while Jeff reported $400,000.
Philip 20X2 income: $800,000;
Jeff 20X2 income: $400,000.
What is the controlling interest in the 20X2 income of the subsidiary if all the above intra-entity transfers are downstream sales and parent uses equity method?
Record of all entries and write disclosure. Anthony'shas entered a lawsuit against one its former suppliers who failed to deliver goods as ordered
Calculate the interest expense Gunderson reports in 2011 for these bonds.On June 30, 2011, Gunderson Electronics issued 8% stated rate bonds with a face amount of $300 million. The bonds mature on June 30, 2031 (20 years).
As long as an accounts receivable statement is sent before the outstanding amounts are paid, the actual time frame does not matter. Do you agree?
What net amount is recognised in Pattinson Co's profit or loss in the year ended 31 December, 20X8 in respect of the property?
The difference between the costs at the high and low levels of activity represents the fixed cost element of a mixed cost
Assume the Asuka Sueda Corporation sold its investment in "Something" of Heejin Lee Limited on February 13, 2023, Prepare compound entry required on this date
$500 but in Jan 2020, the company received bill showing $600. Since 2019 accounts have been published, is it late to correct the $100?
Show financial statements, notes, and ratio analysis, how this fraud could have been detected. The focus this week should be on effects on revenue and expenses.
Heart corporations net income was 400,000, What percentage increase in net income must heartnachieve in 2006 to offset the decline in profits in 2005.
At the end of the last accounting period, this company's quick ratio was 0.82:1. Has the change in the quick ratio been favourable or unfavourable?
Find What is advice about implementing a strangle strategy, i.e., choosing a long or a short strangle, to capitalize on the possible stock price movement
Describe the governmental activities of a state or local government and identify the measurement focus and basis of accounting used in accounting
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