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!
On 1 January 20x1, Aman Bhd. acquired 75% of the ordinary shares of Damai Ltd. For RM6,500,000. Aman Bhd, functional and presentation currency is the in RM. The currency for Damai Lid.is the Thai Bhat (TB). On the date of acquisition, the equity of Damai Lid. Comprises ordinary shares of T$50,000,000 and retained profit of TB20,000,000. The carrying amount of the net assets reflects fairly the fair values of the assets except for one building which has a fair value exceeding it carrying amount by TB500,000.
The exchange rate for year 20x1 are RM 1= TB 1 January 20x1 8.60 31 December 20x1 8.65
Average rate 8.63
You are required to:
Problem a. Give three condition when the functional currency of Damai Lid. is Ringgit Malaysia (RM).
Problem b. Determine the goodwill on acquisition of Damai Ltd.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd