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 - DURIAN CORP. purchased 40% of Associate Company's outstanding ordinary shares on January 2, 2012, for P270 million. The book value of Associate Company's net assets (shareholders' Equity) at the purchase date totaled P450 million. Book Values and Fair values were the same for all financial statement items except for inventory and buildings, for which fair values exceed book values by P12.5 million and P112.5 million, respectively. All inventory on hand at the purchase date was sold during Associate Company reported net income of P110 million for the year ended December 31, 2012, and paid cash dividends of P40 million. The fair value of Durian's investment in associate was P300 million at December 31, 2012.
Required -
1. What is the investment balance at December 31, 2012?
A. P270 million
B. P300 million
C. P290 million
D. P298 million
2. At what amount will Durian Corp. report its investment income in its 2012 income statement?
A. P44 million
B. P36 million
C. P20 million
D. P16 million
what would your export response to coca-cola be if the price of pepsi doubled? if the prices of coca-cola and pepsi
based on the information above, what is total amount of expenses allocated to each department(rounded to the nearest dollar)?
Dolor's interest for P32,000 and no asset revaluation is recorded, compute the balance of Dino capital immediately after the withdrawal of Dolor
Calculate employment income? Johnathan is an accountant who works for Reading Railroad Ltd, which is a public company. He earns $80000 in wages during the 2020
What the amount of the unrealized gain reported by Tg-9dF Company in its 2023 income statement related to the Spy Corporation stock would be equal to
Macedon Company leased many assets, Prepare journal entry to record the actual purchase of the equipment on the books Macedon Company.
How much can MYC expect to earn from the city during the fourth quarter and How much can MYC expect to collect from the city during the fourth quarter
The Project cost of capital is 10%, and its marginal tax rate is 35%. Should Chen buy the new machine? Do not round intermediate calculations
Purpose a direct materials budget for the seasoning, by month an in total for the second quarter. Be sure to include both the quantity to be purchased and its cost for each month.
Calculate the sustainable growth rate for Kaleb's Heavy Equipment. Capital intensity ratio.64. Profit margin8.6%. Debt-equity ratio.69
Prepare the journal entry on July 31, 2014, to record the first annual interest payment and the amortization of the premium or discount.
Recently, several states have outsourced some of the services traditionally provided by government employees. In one state, the Department of health and Human Services (Department) has outsourced its electronic benefit transfer services to eFunds, In..
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