User Account

All Pages

What the carrying amount of the emission liability at june

Assignment Help Accounting Basics
Reference no: EM132767134

Problem 1: On 1 July 20X0 Alpha Ltd received emission trading allowances (ETAs) for 1,000 tonnes of carbon dioxide from the government at no cost. The fair value of ETAs was $32 per tonne at 1 July 20X0 but had increased to $40 per tonne at 30 June 20X1. Alpha Ltd emitted 500 tonnes of carbon dioxide during the year. Emission obligations are settled on 31 August for the previous year ended 30 June. If Alpha Ltd uses the IFRIC 3 model without revaluation to account for the ETAs, the carrying amount of the Emission liability at 30 June 20X1 is:

Option 1: Nil
Option 2: $20 000
Option 3: $18 000
Option 4: $16 000

Reference no: EM132767134

Questions Cloud

Motivation and personal effectiveness : What is the relationship between motivation and personal effectiveness
Which one of the views of ethics promotes meaningful debate : Which one of the views of ethics promotes meaningful debate of ethical issues? Ethics is about endless disputes or irresolvable dilemmas.
Describe impact and vulnerability of the scada : Describe the impact and the vulnerability of the SCADA / Stuxnet Worm on the critical infrastructure of the United States.
New venture with the perspective of compensation : What are the major concerns that must be addressed concerning the new venture with the perspective of compensation?
What the carrying amount of the emission liability at june : If Alpha Ltd uses the IFRIC 3 model without revaluation to account for the ETAs, the carrying amount of the Emission liability at 30 June 20X1 is
What are the pros and cons of outsourcing : What are the pros and cons of outsourcing? How might outsourcing affect the US?
Infotech in global economy : Visualization tools help users better understand data and provide a more meaningful view in context, especially by presenting data in a graphical form.
How would you define ethics : How would you define ethics? What are three factors that might affect good ethical conduct? What are the legal liabilities of an accountant
Prepare journal entries to recordaforementioned transaction : The corporation acquired 400 shares from Donna at P130 per share. Prepare the journal entries to record the aforementioned transactions.

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