User Account

All Pages

Prepare the consolidation worksheet adjusting entries

Assignment Help Accounting Basics
Reference no: EM133031554

Question - Pfizer Ltd owns all of the shares of Biotech Ltd. In relation to the following intragroup transactions, all parts of which are independent unless specified, prepare the consolidation worksheet adjusting entries for preparation of the consolidated financial statements as at 30 June 2021. Assume an income tax rate of 30%.

On 1 January 2021, Pfizer Ltd acquired $60?000 of debentures previously issued by Biotech Ltd. These were acquired on the open market for $60,000. The Half-Yearly Interest of $600 on debentures was paid on 30 June 2021.

Reference no: EM133031554

Questions Cloud

Moral dimensions of is : In your own opinion, describe how your quality of life has improved or declined with the technological advances in the last five years.
Explain the organisational behavior expert : As an organisational behavior expert why do you think of forming relationships between departments is essential in a university?
What is snowcap final balance of retained earnings : Problem - Snowcap, Inc. reports a beginning Retained earnings balance of $20,000. What is Snowcap final balance of Retained earnings
Assignment on strategic marketing process : 1. Step one: Plan your mission, goals, and objectives. Before doing anything else, your marketing leaders and stakeholders must sit down and define your busines
Prepare the consolidation worksheet adjusting entries : Prepare the consolidation worksheet adjusting entries for preparation of the consolidated financial statements as at 30 June 2021
Financial statements of public listed companies in malaysia : Critically discuss two financial technology tools that can be used by companies to prevent fraud and misstatement in the published financial statements of publi
QUAL11021 Projects in Practice Assignment : QUAL11021 Projects in Practice Assignment Help and Solution, University of the West of Scotland - Assessment Writing Service
Growth of globalization in recent decades : Outline and explain what three (3) factors have contributed to the growth of Globalization in recent decades.
What is the book value per share for? underwood shares : Furthermore, the? firm's income statement for the year just ended has a net income of $585,000?, What is the book value per share for? Underwood shares

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd