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Question - A Limited acquired B Limited for $150,000. At acquisition date the fair value of the B Limited's Land was $50,000 and the book value was $40,000. If the company tax rate is 30%, what the appropriate adjustment to recognise the tax effect of the business combination revaluation of Land?
a. CR Deferred tax liability $3,000
b. CR Deferred tax asset $3,000
c. DR Deferred tax asset $3,000
d. DR Deferred tax liability $3,000
Calculate the maintenance cost that would be budgeted for the month of May in which 5,700 machine hours are planned to be used.
A sales invoice included the following information: merchandise price, $12,000; What is the amount of cash that should be received by seller
Estimate the value of Khyber Electronics, operating independently. How much is the operating synergy worth
Umatilla Bank and Trust is considering giving Flint Corporation a loan. Before doing so, it decides that further discussions with Flint Corporation's.
You are performing the year-end audit, Describe the audit procedures you intend to follow, and cite sources that you found useful in researching this issue.
Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places
the following is a statement by a management consultantmany managers claim that budgets are impractical because
Using the above information, determine which is fixed and which cost is variable. Then calculate the breakeven volume of cases in units for this period.
Find What is the future value of a 5-year ordinary annuity of $1000 if the appropriate interest rate is 5%? What is the present value of the annuity?
Beyer Company is considering the purchase of an asset for $380,000. Compute the payback period for this investment
Reported sales discounts of $10,000, cost of goods sold of $225,000, and operating expenses of $120,000. What the retailer's gross profit for the year?
Find and determine the book value of the investment that should be reported at year end by All Good Company. Round to nearest whole dollar.
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