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!
Mr. Jahanzaib has set up a new sole proprietorship business one year ago. At the end of the financial year, he has to prepare financial statements of the business. In the last month of the closing year, he had an offer to sell the freehold land for Rs. 600,000/- which was previously purchased for Rs. 400,000/-. Mr. Jahanzaib had reported the land in his balance sheet at Rs. 600,000/- considering the offered value.
Required: Do you think that Mr. Jahanzaib has rightly reported the land's value in the Balance Sheet? Justify your answer in the light of accounting principle(s). You are only required to mention the name of applied principle(s). Details are not required."
How should you account for the difference between the carrying value and the purchase price in the consolidated financial statements for 2003?
A company's income before interest expense and income taxes in 2010 and 2011 is $225,000 and $200,000, respectively. Its interest expense was $45,000 for both years. Calculate the company's times interest earned ratio for both years, and comment o..
clark paints the production department has been investigating possible ways to trim total production costs. one
Robert Brown age 21 is a full time student at Marshall college and a degree candidate for a bachelor's degree. During 201 he received the following payments. what is robert's adjusted gross income for 2010
on january 1 a machine costing 260000 with a 4-year life and an estimated 5000 salvage value was purchased. it was also
You are considering a five-year lease of office space for R&D personnel. Once signed, the lease cannot be canceled. It would commit your firm to six annual $100,000 payments, with the first payment due immediately.
on january 1 2014 pennington corporation purchased 25 of the common shares of edwards company for 427000. during the
1.if the single amount of 5000 is to be received in 3 years and discounted at 6 its present value isa 4198.b 4717.c
heritage insurance co. is a regional insurance company that began operations on january 1 2012. the following
A is a fixed expense; B is a variable cost. During the current year the level of activity has reduced but is still within the relevant range.
sound check a merchandising company specializing in home computer speakers budgets its monthly cost of goods sold to
How much is the corporation as a whole better or worse off if the transaction is completed internally as opposed to each division dealing externally? Justify your answer.
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