Reference no: EM132939250
Questions -
Q1) On January 1, 2019, Black Corp. which uses the fair value model, purchases an investment property at a cost of P55,000,000. On December 31, 2019, the market value of the property is P60,000,000. The fair market value on December 31, 2020 is P50,000,000. On January 1, 2020, the property was reclassified to PPE. At what amount should the PPE be initially recorded?
Q2) Red Corp. owned 50,000 ordinary shares of Green Company. These 50,000 shares were purchased by Adams for P120 per share. On August 30, Green distributed 50,000 share rights to Red. Red was entitled to buy one new share of Green Company for P90 cash and two of these rights. On August 30, each share had a market value of P130 and each right had a market value of P20. What total cost should be recorded for the new shares that are acquired by exercising the rights?
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What was his total percentage return on the investment
: Ray purchased stock with an initial share price of $84, and sold it when the share price was $75. What was his total percentage return on the investment
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Identify the costs as direct materials
: Erika Sdn Bhd (ESB) produces small electric engines. Identify the costs as direct materials (DM), direct labor (DL), manufacturing overhead
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What amount of realized gain should black corp recognize
: On January 15, 2020, Black Corp. sold the investment for P630,000. What amount of realized gain should Black Corp. recognize on the disposal of the investments
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Make a bank reconciliation statement as at december
: Make a bank reconciliation statement as at 31 December 2020. Interests received of RM1,000 on fixed deposit placed with the bank were not recorded in the bank
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What total cost should be recorded for the new shares
: On August 30, each share had a market value of P130 and each right had a market value of P20. What total cost should be recorded for the new shares
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Record the entries in msb general journal
: MSB managed to get a RM5,000 discount of the market value from the owner. MSB pay the owner cash. Record the entries in MSB's General Journal.
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Should the state intervene in employment relations
: Should the state intervene in employment relations? Why or why not?
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What accounting principles that abc sdn bhd did not follow
: What are two (2) Accounting Principles that ABC Sdn Bhd did not follow? As at 31 December 2020, ABC Sdn Bhd total sales for the year are RM300 million.
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Discuss the concept of total rewards in management
: Discuss the concept of total rewards in management.
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