Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Describe the accounting concept of a business combination.
Business Combination:
According to International Financial Reporting Standard-3 Business Combinations
"A business combination is a transaction or event in which an acquirer obtains control of one or more than one businesses. A business can be defined as an integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing a return directly to investors or other members, owners or participants"
Steps in Accounting for Business combinations
Acquisition Method: The acquisition method is used for all BCs..
How to apply acquisition method:
Is dissolution of all but one of the separate legal entities necessary in order to have a business combination?
The dissolution of all but one of the separate legal entities are not adequate for a BC. An example of business combination in which the separate legal entities are not dissolved is when one corporation becomes a subsidiary of another entity. In case of a parent-subsidiary relationship, each combining entity continues to exist as a separate legal entity even though both companies are under the control of a single management.
Q. What do you mean by Re - organization? Reorganization - This is a change in businesses capital arrangements. If for a CORPORATION there are 7 statutory options for reorganiz
Question: Consider a project that involves the purchase of a $100,000 machine. The machine will last for three years. It is expected to produce 20,000 units per year. The sa
1.Which of the following is true? A. Land is depreciated using the straight line depreciation method B. Land is amortized using the declining balance method C. Land is depleted usi
A) A portfolio's daily changes have a standard deviation of $15 million. Suppose the daily changes in the portfolio's value have a first order serial correlation of 0.25. Calculat
Company A(lessee) will rent inventory for you for 3 years rather than buying it for the regular price of $240,000. Normally these units, which cost us $120,000 to produce, will las
Describe the concept of full cost recovery with illustrative examples.
Trade credit creates accounts or debtors receivables. Trade credit is utilized as a marketing tool to expand competitive advantage over trade rivals. A firm's investment in account
The government of a country has just issued a series of zero-coupon bonds maturing at the end of years 1, 2, 3 and 4. Suppose the spot rates (or continuously compounded yields per
I am taking finance class. Our books is John C. Hull 2nd edition Risk Management and Financial Institutions. Our HW are from this book. I have four questions I need help with.
Income statement2013 2012 2011 Net revenue 5,075,390.. 4,763,180.. 4,158,507 Cost of goods 1,377,242.. 1,297,102.. 1,134,966.. Gross profit 3,698,148.. 3,466,078.. 3,023,541 Total
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd