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QUESTION
Using the information below and the financial statementson the following page, prepare the following at 30 June 2013:
A. adjustment/elimination journal entries for consolidation; andB. consolidation worksheetand detailed calculation of non-controlling interest balance; andC. consolidated financial statements and statements of changes in equity of Platypus Limited and its controlled entities.
Students who study accounting are expected to be aware of current events that impact upon the profession and be able to interpret financial and other information that companies prepare and present to the public.
Evaluate the criteria or mechanisms used by the organisation for deciding how best to acquire capital and analyse the capital structure of the company.
How does goodwill arise and come to be reported on the balance sheet? How is the amount calculated? What does goodwill represent? Will we tend to see a higher or lower amount of goodwill in slower economic times? Explain.
Analyze the amount of these expenses that Simon is able to deduct, considering he itemizes his deductions, in each of the subsequent situations
What common internal control weaknesses contributed to this fraud?
Calculate break-even in pounds if the sales price increases by 10% and fixed costs increase by £12,000 and prepare a schedule of cash receipts for the first quarter.
What amount of dividends will a shareholder owning 100 shares receive in 2011 if Emily pays $1,000,000 in dividends?
kevin pte ltd signs a 5-year non-cancellable lease for a piece of equipment with samuelcompany on 1 jan 2012. kevins
Calculate the capital gain under the indexation method and calculate the capital gain under the 50% discount method and which method should be used in this case?
What authoritative literature addresses comprehensive income? What is the predecessorstandard for the topic you selected and provide the definition of comprehensive income.
Purpose an income statement through gross profit and Prepare an income statement through gross profit for the year ended December 31, 2007
Journalizing adjusting entries and Journalize the adjusting entry needed at December 31 for each of the following independent situations.
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