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Question - A sawmill is sold for NOK 11,000,000. Buyer pays NOK 8,000,000 for the mill and takes over the seller's debt regarding the sawmill of NOK. 3,000,000. Last year's accounts for the sawmill show that the assets are worth NOK 9,000,000 based on the rules of the Accounting Act. When assessing the sawmill, this was valued at NOK 10,000,000. What is the value of goodwill in trading?
The directors are wondering why we complicate a very simple way of calculating long service leave – why not “stick with” recognising the expense when we pay for it? What do you think we should do?
Prepare the journal entries for the transactions below and prepare the statement of stockholders equity as of December 31
Let's say Biagio deposits $15,550 dollar, The bank is offering to pay 6.75% interest for 5 years. What will be the balance in Ken account five years from today.
His drawings were: cash £750 per week for 52 weeks, cheque payments £1,500. Draw up statements to show the profit or loss for the year.
Accounting for income tax - Determine the balance of any current tax liability and deferred tax assets and liabilities as at 30 June 2017
Explain the decision made by the regulator in terms of the economic interest group theory of regulation, Explain decision made by regulator in terms of public
Relevant concepts of Michael Hill International Ltd: Overview: Briefly describe the firm. Explain what the firm does and its objectives
How much free cash flow did was generate? Wells water systems recently reported $8250 of sales and 950 of operating cost other than depreciation
What is the percentage of completion during the year 2015? What is the contract price in 2016? What is the realized gross profit in 2015?
A firm has $600 market value of equity and $300 market value of debt. The firm also has $100 in nonconsolidated subsidiaries and $50 in excess cash. If the firm’s expected EBITA is $100, what is the value-to-EBITA ratio?
How high can the discount rate be before you would reject the project? What is the Net Present Value if the discount rate is 11%?
he effective interest rate is 12% per year compounded annually. How this liability is shown in the Balance sheet at the end of first year?
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