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Question - Polly Company acquired 80% of the outstanding shares of Summer Company for 4,500,000 on January 2, 2019 and paid P50,000 for direct acquisition related costs. On this date, Summer Company's stockholders' equity was composed of: Share Capital - P2,000,000; Share Premium - P1,200,000 and Retained Earnings - P1,600,000. The excess of cost over book value was allocated as follows: 10% to undervalued inventory, 40% to over depreciated fixed assets which has a remaining life of 5 years and the remainder to goodwill. Summer reported net income of P200,000 and paid dividends of P150,000 in 2019. The impairment on goodwill for 2019 was reported to be P5,000. What the NCI in the consolidated balance sheet on December 31, 2019?
How much should the executor assign as a Form 706 deduction for the payment of the fees? Express this computation as a Microsoft Excel command
Pete and Darrell then discuss their choice of decision model; Pete prefers net present value, and Darrell prefers internal rate of return. Consider the use of these models.
at the end of 2013 morley co. has accounts receivable of 700000 and an allowance for doubtful accounts of 25000.1.on
lipari personnel services company has two operating divisions. the clerical services division places finds jobs for
you have just been hired by securidoor corporation the manufacturer of a revolutionary new garage door opening device.
A credit memorandum appeared on Central Company's bank statement. How will Central treat this amount on its bank reconciliation?
coverall carpets inc. is planning to borrow 12000 from the bank. the bank offers the choice of a 12 percent discount
Your firm has just expanded its operations and started a new software development centre. What are the faults in the director statement
Marketing Mix Strategies refers to the planning and executing of marketing tools related to a particular product or service which aims to produce a desired response from its target market.
GCQ borrowed P10,000,000 at 11% to finance the construction of another building for its own use. Determine total borrowing cost capitalized by GCQ Company
Discuss how companies that use a vendor like Amazon to maintain and ship their inventory would account for inventory in QuickBooks
harrison township is studying a 700-acre site for a new landfill. the new site will save 70000 in annual operating
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