User Account

All Pages

What is the NCI in CI of subsidiary

Assignment Help Accounting Basics
Reference no: EM132832605

Problem 1: On January 1, 2012, Pro Company acquired 70% of Sol Inc., at book value. On December 31, 2013, Sol sold a computer to Pro for P90,000. Sol acquired the computer at a cost of P60,000. Pro will use a 10-year life, no salvage value, and straight-line depreciation. For 2013, Sol reports CI of P100,000. What is the NCI in CI of subsidiary?

Reference no: EM132832605

Questions Cloud

Essential outputs of an organization : 1. Who directly produces the goods and services that are the essential outputs of an organization?
What was the ending inventory for the company at year-end : Delta Merchandising, Inc., has provided the following information for the year just ended: What was the ending inventory for the company at year-end
What amount of gain should patton report from transaction : What amount of gain should Patton report from this transaction in its consolidated income statement for the year ended December 31, 2017
How each theorist addresses the metaparadigm for nursing : Select two grand nursing theories and discuss how each theorist addresses the metaparadigm for nursing. Discuss briefly the similarities and differences.
What is the NCI in CI of subsidiary : Pro will use a 10-year life, no salvage value, and straight-line depreciation. For 2013, Sol reports CI of P100,000. What is the NCI in CI of subsidiary?
How much of what you receive will be interest : You want to receive $375 at the end of each year for 2 years. Interest is 7.2% compounded annually. How much of what you receive will be interest
Authority-competition-confrontation and dependency : Pick one of the following terms for your research: authority, competition, confrontation, dependency, empowerment, intergroup conflict,
What is the consolidated depreciation expense of equipment : What is the consolidated depreciation expense of the equipment for the year ended December 31, 2022? PLDT acquired 60% of outstanding shares
What is the maximum profit : 1. How many units of A and B should it produce respectively? 2. What is the maximum profit?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd