Reference no: EM131138560
Accounting Case Problem-
I am requesting the following case problems done following the steps outlined and due by July 26th by 5:30 pm Eastern time.
It needs to be written out with steps 1-5 for accounting research:
1. Identify the issue/s
2. Collect the Evidence
3. Analyze and evaluate alternatives
4. Develop Conclusion
5. Communicate results and document
Case Problem #1
Jane Co. owns 90% of the common stock of Dun Corp and 100% of the common stock of Beech Corp. On December 30, Dun and Beech each declared a cash dividend of $100,000 for the current year. What is the total amount of dividends that should be reported in the December 31 consolidated financial statements of Jane and its subsidiaries, Dun and Beech?
Discuss your answer with proper citations to the tax code.
Case Problem #2
Acquiree Co is a 90% owned subsidiary of Acquirer Co. The carrying amounts of the non controlling interest and the subsidiary ar $1,000 and $10000,000 respectively. The subsidiary's fair value is $15,000,000. Acquirer transferred part of its interest to Third Co. on December 31 for $12,000,000 in cash but retained a non controlling interest of 20% of Acquiree's voting interests. The fair value of the retained interest, which gives Acquirer significant influence is $3,000,000. The fair values and carrying amounts are as of December 31.
How must Acquirer account for this transaction?
Discuss your answer with proper citations to the tax code.
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Prepare a trial balance in good form
: The following accounts are taken from the ledger of Boardin' Company at December 31, 2010.
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Josh borke recorded the following transactions
: Post these entries to the Cash T-account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was$1,600.
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Analyze the importance of competitive intelligence
: Write a 1,050- to 1,400-word paper in which you justify the importance of marketing research in the development of Kudler Fine Food's marketing strategy and tactics, and identify the areas where additional market research is needed.
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Josh borke engaged in the following activities
: Purchased photography supplies at a total cost of $1,100.The business paid $400 in cash and the balance is on account.
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How must acquirer account for the given transaction
: Acquiree Co is a 90% owned subsidiary of Acquirer Co. How must Acquirer account for this transaction? Discuss your answer with proper citations to the tax code.
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Identify the balance sheet accounts that josh will likely
: Identify the balance sheet accounts that Josh will likely need to record the transactions needed to open his business. Indicate whether the normal balance of each account is a debit or credit.
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Review annual reports for pepsico inc and coca-cola company
: Review the annual reports for PepsiCo, Inc. and The Coca-Cola Company in Appendixes A & B, especially the Consolidated Statements of Income and the Balance Sheets on pp. A4, A6, B1, & B2 of Financial Accounting.
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Why some want to prevent trade barriers from being reduced
: What is a reason why some would want to prevent trade barriers from being reduced? - Some want to prevent trader barriers from being reduced because they:
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Determine the factor of safety
: The soil at a site is shown in Figure P16.12. A slope will be cut to facilitate the construction of a roadway. One possible failure surface is shown in Figure P16.12. Determine the factor of safety. The shear strength parameters were obtained from..
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