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!
Problem 1: Marian Company, a parent entity, approved on December 1, 2018 a plan to sell its subsidiary. The s1e is expected to be completed on March 31, 2019. The subsidiary had assets with carrying amount of P30,000,000 including goodwill of P3,000, 000 on December 31, 2018. The subsidiary made a loss of P6,000, 000 from January 1 to March 1, 2019 and is expected to make a further loss of P4,000,000 up to the date of sale. At the date of approval of the financial statements, the entity was in negotiation for the sale of the subsidiary but no contract had been signed. The entity expects to sell the subsidiary for P18,000,000 and to incur costs of disposal of P1,000,000. The value in use of the subsidiary was estimated to be P 20,000,000. On December 31, 2018, what is the measurement of the subsidiary which is considered as a "disposal group classified as held for sale"?
General capital assets are accounted for different... General capital assets are accounted for differently in fund governmental-wide financial statements. A city engaged in the following transactions during a year. prepare journal entries to reflet t..
Company N, an accrual basis taxpayer, owes $90,000 to Creditor K. At the end of 2016, Company N accrued $7,740 interest payable on this debt. It didn’t pay this liability until March 3, 2017. Both Company N and Creditor K are calendar year taxpayers...
Mitro Corporation issued $651,000, 7%, 10-year bonds on January 1, 2015, for $606,764. This price resulted in an effective-interest rate of 8.0% on the bonds. Interest is payable semiannually on July 1 and January 1. Mitro uses the straight-line inte..
On January 2, 2014, the Clapton Studios leased six computers for use in the engineering department. The lease period is for 13 years and the estimated economic life of the leased property is 15 years. Provide the necessary journal entries to record t..
Evaluate the amount of cash payments to stockholders during the year
Prepare the journal entries that should be made by Atwater and England on July 1, 2009. Ignore fiscal year considerations. What financial statement disclosure should be made by Weather top in its role as a third party guarantor?
A company had free cash flows of $425.The company does not have any preferred stock. What is the estimate of the stock price based on the firm valuation model?
Find the cost of common equity and its WACC and Cost of common equity and WACC - target capital structure of 40% debt and 60% common equity,
During 2014, Desny Corporation reported after-tax net income of $3,580,000. During the year, the number of shares of stock outstanding remained constant at 9,700 of $100 par, 9 percent preferred stock and 397,000 shares of common stock. Compute the e..
Knowing that the coefficient of risk, what optimal percentages of your money must be invested in the risky asset and the risk-free asset, respectively?
What should you tell Icahn about being able to purchase such a policy? Name two ways that can you transfer risk?
Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2011, for $105,000 when the book value of Gates was $600,000. During 2011 Gates reported net income of $150,000 and paid dividends of $50,000. During 2012 Gates reported net income o..
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