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!
Joshua In and accounts for their property plant & equipment at amortized cost. Joshua has a cash generating unit, Tiny Division, with a very unique business. Tiny Division has the following carrying amounts at June 30, 2021, its year end:
Building 20,000
Equipment 4,800
Land $ 3,000
At June 30, 2021, the undiscounted future cash flows from operation and disposal of the division are estimated to be $28,000 (present value $25,000). The land could now be sold for $4,000 (net of costs) but no separate valuations can be done on the building and equipment as there is little market for them for standalone use.
Required:
Problem a) Perform impairment testing for the Tiny Division and calculate any impairment loss.
Problem b) Prepare the journal entry resulting from (a)
Would your answer change if Joshua reported under ASPE? How & Why?
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd