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 - SMDC and DMCI formed a joint operation to produce hollow blocks and sell them to small contractors. They agreed to share equally on all matters relating to the operation. SMDC contributed 4,000,000 cash while DMCI contributed equipment costing 4,000,000 with accumulated depreciation of 1,000,000. The current fair market value of the equipment at the time of contribution amounted to 4,000,000.
Required -
1. If DMCI carries the equipment at Fair Value, what is the entry in the book of SMDC with respect to the contribution?
2. If DMCI carries the equipment at Fair Value, what is the entry in the book of DMCI with respect to the contribution?
3. If DMCI carries the equipment at Carrying Value, what is the entry in the book of DMCI with respect to the contribution?
broucek inc. makes baby furniture from fine hardwoods. the company uses a job-order costing system and predetermined
analyse the folowing costs betweeni direct materialsii direct labouriii
Write a 700- to 1,050-word paper. Reflect on an ethical dilemma that you have faced in your career, or a recent accounting scandal in the news. Describe the situations surrounding the ethical dilemma and your actions in response.
Common Stock exchanged for outstanding Long Term Notes Payable of $125,000. Determine Towson Companys Net Cash Flows
What is Fido's net operating income for April and what is the cost to groom one dog?
Widgets R Us is a manufacturing company. The selling price of a widget is $10. If the company sells 5000 units, what is the gross profit
a company uses a job order costing system and a redetermined overhead rate based on machine hours. at the begin of the
role of management accounting review the roles of management accounting within a company. what is the most important
chester amp wayne is a regional food distribution company. mr. chester ceo has asked your assistance in preparing
The following expenditures relating to plant assets were made by Glenn Company during the first 2 months of 2017.
Explain the pros and cons of debt financing (borrowing) and equity financing (issuing stock). Examine the balance sheets of a few companies and determine what percentages they are financed through debt and equity. In today's economic climate wh..
what is the asked price on the t-note that has a coupon rate 4.375 10 year to maturity and asked yield
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