User Account

All Pages

What amount of intercompany inventory profit must deferred

Assignment Help Accounting Basics
Reference no: EM131621247

Question - Rome Inc. owns 30% of Amber Co. and applies the equity method. During the current year, Rome bought inventory costing $66,000 and then sold it to Amber for $120,000. At year-end, only $24,000 of merchandise was still being held by Amber.

What amount of intercompany inventory profit must be deferred by Rome?

Reference no: EM131621247

Questions Cloud

Out of the three valuation models : Out of the Three Valuation Models below which is the best to Valuate Morgan Stanley and Goldman Sachs, Why?,
The market price of risk is expected : The market price of risk is expected to be 6% and the risk-free is estimated to be 3.5% over the coming period.
What will he the amount of each withdrawal : You plan on saving $2,000 a year (as a regular annuity) for the next 30 years. what will he the amount of each withdrawal?
Define denies them the right to cultural expression : Do you agree with the court that an English-only rule is not abusive per se to those whose primary language is not English
What amount of intercompany inventory profit must deferred : Rome Inc. owns 30% of Amber Co. and applies the equity method. What amount of intercompany inventory profit must be deferred by Rome
Discuss about the reality and historical fiction : What effects might the differences between reality and historical fiction have on the average American's perception of the past?
Corporation is considering issuing long-term debt : A Corporation is considering issuing long-term debt. The debt would have a 30-year maturity and a 13 percent coupon rate.
Investor be concerned about sharpe or treynor ratio : how could you quantify these concerns for this investor, should the investor be concerned about the Sharpe or Treynor ratio (explain)?
French revolution shape early american politics : How did the French Revolution shape early American politics?

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