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Problem - On 1 July 2020, DDF Ltd purchasd the Qinghua Ltd for the consideration of: Cash $250 000 Land the carrying amount of the land was $150 000; fair value was $185 000.
The statement of ?nancial position of the Qinghua as at the date of acquisition shows assets of $300 000 and liabilities of $85 000. All assets were fairly valued except for building, which had carrying amount of $60 000, but has a fair value of $75 000. What is the value of Goodwill?
on january 1 2009 carlin corporation issued 2400000 of 5-year 8 bonds at 95 the bonds pay interest semiannually on july
Keenan Company has had bonds payable of $20,000 outstanding for several years.
Use the DuPont formula to calculate the rate of return on investment, and show the profit margin, the investment turnover, and rate of return on investment
office universe supplies inc. has cash and carry customers and credit customers. office universe estimates that 25 of
The journal entry to be recorded at the end of the second year for the payment of interest and the amortization of discount will include a ??
Borderbooks Company has two locations, downtown and at a suburban mall. During March, the company reported net income of $271,000 and sales of $1.2 million. The contribution margin in the downtown store was $320,000 (40% of sales).
Determine the total indirect costs allocated to the wholesale containers and the snack packs under the original allocation system
Compute Latesha's taxable income and federal tax liability for 2018 (round to dollars). Compute Latesha's marginal, average, and effective tax rates.
Madison Inc. uses job order costing for its brand new line of sewing machines. How much is the cost per machine
last month 22000 pounds of material were purchased and 18000 pounds were used. if the actual cost per pound of the
Prepare the journal entry for each transaction listed above, explain the main differences between common and preferred stock
If sales were overstated by recording a false credit sale at the end of the year, where could you find the false "dangling debit"?
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