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Andrew Brown is the group accountant for P Ltd. P Ltd owns 60% of A Ltd which owns 70% of B Ltd. He has just completed the preparation of the consolidated financial statement of the group, and is discussing issues raised by the auditors. The auditors have raised concerns about the accounting for a dividend paid by B Ltd to A Ltd in the current period. They argue that further consolidation adjustments are necessary to avoid double-counting the non-controlling interest's share of equity. Andrew has asked for your advice concerning the effect of the payment of such a dividend on the determination of the non- controlling interest share of equity. Write a report to Andrew explaining the non-controlling interests that exist within the group, and how the calculation of their interests is affected by payment of dividends within the group. The case study is as mentioned above. My task is to do a short presentation on this case study. Please include any necessary journal entry and consolidation financial statement along side with the answer.
Found to be the best choice with the Net Present Worth (NPW), must it also be the best choice based on the discounted payback method
Assume that a company has a profit margin of 6.0 percent, a debt ratio of 3.2 times, and a debt ratio of 50 percent, what is the return on assets and return on equity?
During 2013 Sagar paid $750,999 cash dividends on the common stock and $ 500,000 cash dividends on the preferred stock. Net income for 2013 was $4,250,000 and the income tax rate was 40%. Illustrate what is diluted earnings per share for 2013
why financial accounting standards inspire or encourage political action and social involvement during the standard setting process
Find the average cost from the given data - Why do the costs per diner for the three different parties differ from each other and from the overall average cost of $15.00 per diner?
During the same year, cash was paid out to purchase inventory for $ 335,000, to employees for $ 230,000, and for the purchase of plant assets of $ 190,000. Calculate amount of cash provided by or used for operating activities by the direct method.
This is my situation, I own a used car lot, I sold and report to Department of Revenue in sales the amount of $720.000 dollars.
It had a useful life of 10 years. On January 1, 2012, ELO spent 44,000 to successfully defend the patent in a lawsuit. ELO feels that as of that date, the remaining useful life is 5 years. Illustrate what amount should be reported for patent amort..
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?
Return to your solution Word document and press "CRTL" and the "V" key. This will copy the material with no spacing, which is acceptable for this submission.
Discuss whether or not it would be possible for Calcor Company to achieve the first two of Kuhn’s goals without achieving his third goal of 30% return on average assets before interest and taxes.
The concept of relevance is critical to properly applying managerial accounting tools. As a practical matter, it is easier to understand than it is to apply. Think back on your own experiences, and discuss an instance where you failed to properly ..
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