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Topic: Reconstruction What will be the entry of Company further issued 1000 ordinary shares at rs.10 each against cash. the cash so received is utilized in paying bank loan and the note issued against balance of debentures.
At what price, if at all, should Tom and Lynda offer valet parking as an optional feature of the membership? Justify with supporting calculations.
The transactions of part (a) create what balance under current liabilities in the 2006 balance sheet.
During August, the cost of goods manufactured was $73,000. The beginning finished goods inventory was $15,000 and the ending finished goods inventory was $21,000. What was the cost of goods sold for the month?
Write a research essay on your views as to when each of the two approaches would be appropriate, and provide examples of where each of the approaches might be appropriate in the current economic and business environment.
Identify three major accounting issues on which IFRS and US GAAP currently differ. For each, outline briefly the nature of the divergence, and discuss the potential impact if the IFRS position is adopted in the US.
At Dec 31, Year 1, Grey, Inc. owned 90% of Winn Corp, a consolidated subsidiary, and 20% of Carr Corp., an investee in which Grey cannot exercise significant influence on the same date
Why is it important to consolidate financial statements? When should financial statements be consolidated? What are the pros and cons of consolidating financial statements? Include limitations, if any.
Calculate the investment income and the ending balance in the investment account on the balance sheet for ABC Company on December using the cost method.
What are some of the advantages and the disadvantages of database forms? What is your experience in using Queries? Have you ever read the SQL commands generated by a Query in Access database?
The equipment will provide cost savings of $7,300 and will be depreciated straight-line over its useful life with no salvage value. Cleaners requires a 10% rate of return. What is the approximate net present value of this investment?
If you purchased a new model of a digital camera right after it is released, you will likely pay more than if you purchase it six months after release. Explain why this is an example of price discrimination on the part of the firm.
What should be the gain on sale of this investment in Rich's 2011 income statement?
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