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Question 1: On 1/7/2013 Liverpool .Co invested in 40% in Arsenal. If the assets revaluation surplus balance of Arsenal (OCI) has increased by 50000 on 30/6/2014. Liverpool. Co will record:
Select one:
a. DR. Share of OCI of associate 50000 CR. investment in associate 50000b. DR. investment in associate 8000 CR. Share of OCI of associate 8000c. DR. investment in associate 20000 CR. Share of OCI of associate 20000d. DR. Share of OCI of associate 50000 CR. investment in associate 50000
on january 1 2011 climax corporation signed a 10000000 6 10-year mortgage note to finance the construction of its new
What is the total cash and cash equivalents to be presented in the December 31, 2020 Statement of Financial Position of F1 Inc.
Peyton Company payroll for the year is $737,910 of this amount, $472,120 is for wages paid in execess of $7,000 to each individual employee. The SUTA rate in Peyton company's state is $2.9% on the first $7,000 of each employee's earnings.
Explain how the techniques and tools can be utilized to present data to management and other organizational decision makers.
a common problem facing any business entity is the debt versus equity decision. when funds are required to obtain
Journalize the transactions. Do not provide explanations. Post the transactions to T-accounts. Prepare a trial balance at October 31, 2017.
Prater Corporation issued $479,000 of 10 year bonds at a discount. Prepare the entry to record the redemption of the bonds
If the fair rental value of the building is $30,000, what are the income tax consequences to the parties involved
At the beginning of current year, Czech Company purchased 10% of Prague Company. What amount should be reported as investment in associate at year-end?
On January 1, 2014, Canes Inc. sold $300 million of 9% bonds. What is the selling price of the bonds if the market (yield) is 10%
On 1/2/20X6, ALPHA acquired 100 shares of CHARLIE Corporation stock at $20 per share, What is the balance sheet amount for trading securities at the end of 20X7
Kennedy Company reports the following costs and expenses. Determine the total amount of manufacturing overhead. Determine the total amount of product costs.
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