User Account

All Pages

Calculate the cost of acquisition of the land by X ltd

Assignment Help Managerial Accounting
Reference no: EM132753989

Question - X Ltd, a listed company, acquired land from Y ltd by issuing 100000 new shares in the company to Y ltd. X's shares were trading at $4.6 per share at the date of acquisition $ 4000 legal costs were incurred for the issues of these new shares X ltd also agreed to transfer 30000 of the shares it holds in Z ltd to Y Ltd. Z's shares were trading at $4.5 per share at the date of acquisition. These share originally costed X ltd $ 5 per share. Calculate the cost of acquisition of the land by X ltd and prepare journal entries to record the acquisition.

Reference no: EM132753989

Questions Cloud

Calculate net cash provided or used by investing activities : Use the following company information to calculate its net cash provided or used by investing activities: Purchased treasury stock for $53,000 cash
Biogeography is latitudinal diversity gradient : One of the most stunning patterns in biogeography is the latitudinal diversity gradient. What do you think is the most compelling reason for this gradient?
What is the standard error of the var estimate : Suppose we estimate the one-day 95% VaR from 1,000 observations (in millions of dollars) as 5. By fitting a standard distribution to the observations
Is the fund charging any load : The fund includes Tk.650 million in securities, Tk.95 million in liabilities and 12 million shares outstanding.
Calculate the cost of acquisition of the land by X ltd : Z's shares were trading at $4.5 per share at the date of acquisition. Calculate the cost of acquisition of the land by X ltd and prepare journal entries
What is the sensitivity of the portfolio : What is the sensitivity of the portfolio to a one-basis-point increase in each vertex of the term structure?
Patient care in changing health care system : Purpose of the change proposal in relation to providing patient care in the changing health care system. Evaluation of the literature.
Basic requirements for data communication and networking : Compare the different transmission media technology and select the appropriate ones and Explain the concepts behind the Network addressing and Routing Protocols
What is the current share price : Problem - Stock Valuation - A return of 13 percent for the next three years, and a return of 11 percent thereafter. What is the current share price

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd