Reference no: EM133006249
Dairy Company provided the following information for current year:
Cash 500,050
Trade and other receivables 1,500,000
Inventories 100,000
Dairy livestock - immature 50,000
Dairy livestock - mature 400,090
Property, plant and equipment, net 1, 400,090
Trade and other payables 520,000
Note payable - long-term 1.500,000
Share capital 1.000,000
Retained earnings - beginning 800,090
Fair value of milk produced 600,000
Gain from change in fair value 50,000
Inventories used 140,000
Staff costs 120,000
Depreciation expense 15,000
Other operating expenses 190,000
Income tax expense 55,000
Problem 1. What amount should be reported as net income for the current year?
Problem 2. What is the fair value of biological assets at year-end?
|
How much would be shown as investment property in Bump
: Bump Ahead uses the cost model and the straight-line method of depreciation. How much would be shown as investment property in Bump Ahead's
|
|
How impacts the pay discrimination debate
: Consider competency practices such as skill-competency-based plans, broad banding, market pricing, and pay-for-performance plans.
|
|
Concepts of organizational communication
: Which concepts of organizational communication can be found in the movie Twelve Angry Men?
|
|
BEHL2006 Social and Community Psychology Assignment
: BEHL2006 Social and Community Psychology Assignment Help and Solution, University of South Australia - Assessment Writing Service
|
|
What is the fair value of biological assets at year-end
: Property, plant and equipment, net 1, 400,090. Dairy livestock - mature 400,090. What is the fair value of biological assets at year-end?
|
|
Stakeholders to succinctly capture plans for program
: An elevator speech is one in which you have only a few minutes to deliver your case to a stakeholder. If you were in an elevator with one of your key stakeholde
|
|
Perform a safety audit of a hotel
: Perform a safety audit of a hotel that includes hazard recognition, risk assessment, and control of physical, chemical and biological agents, and psychosocial h
|
|
Albert famous mexican hot sauce
: -The Madariagas owned a restaurant where they served "Albert's Famous Mexican Hot Sauce." They entered into a contract to sell the restaurant and the formula fo
|
|
Specific form of quantitative or qualitative model
: What specific form of quantitative or qualitative model do you think OPG should use and why?
|