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You are required to research and answer the following two questions. Your answer to each question must be written on a separate sheet(s). The indicative word limit for each question is approximately 250-350 words.
1. Briefly explain the significance of the acquisition date and the date of exchange and outline how the consideration (in a business acquisition) is calculated when the acquisition of the target company is carried out in stages.
2. Explain the consequences of NOT eliminating a sale and purchase of a fixed asset between two companies within the group. Assume that the sale and purchase has resulted in a loss on sale.
Calculation of materials price and quantity variances - Determine diekow production's direct materials price and quantity variances for the year.?????
In 2011, due to changes in technology, Nanki revised the useful life to a total of 4 years with no residual value. What depreciation would Nanki record for the year 2011 on this equipment?
When designing a chart of accounts for this business, what is minimum number of digits necessary to represent the general ledger account code, including subsidiary ledgers?
Prepare absorption and contribution margin income statements for the succeeding quarter for the division. Compute production costs per unit for both approaches and for both quarters.
Presented below is a comparative balance sheet for Bogues Corporation for 20X7 and 20X6. Prepare a horizontal analysis of Bogues Corporation's balance sheet.
Illustrate what entities and/or relationships most likely need to be included in a query to portray the unfilled purchase orders made by each purchasing agent?
How much cash was collected from customers during the period and When preparing a bank reconciliation, which of the following items should be added to the book balance?
Explain why the transfer prices based on actual costs are not appropriate as the basis for divisional performance measurement and determine the contribution margin for both the Mining Division and the Metals Division
What is the net present value of the proposed investment ignore income taxes and depreciation and assuming a 5-year straight-line depreciation, how will this impact the factory's fixed costs for each of the 5 years (and the implied product costs)? ..
Calculate the following. The unit cost of ending inventory on the balance sheet prepared for stockholders. The unit cost of ending inventory on a variable cost balance sheet.
Evaluate the direct materials price and quantity variances for July.2. Determine the direct labor rate and efficiency variances for July.
explain how these have an impact on the breakeven (contribution margin, fixed costs, a combination, variable costs, etc.), and what happens if these factors increase or decrease.
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