User Account

All Pages

What is the non-controlling interest share of cassandra

Assignment Help Accounting Basics
Reference no: EM132756612

Problem 1: Razel Corp. acquired a 70% interest in Cassandra Co. in 2018. For the year ended December 31, 2018 and 2019, Cassandra company reported net income of P320,000 and P360,000, respectively. During 2018, Cassandra sold merchandise to Razel for P40,000 at a profit of P8,000. The merchandise was later resold by Razel corp. to outsider for P60,000 during 2019. For consolidation purposes, what is the non-controlling interest's share of Cassandra's net income for 2018?

Reference no: EM132756612

Questions Cloud

Which is not considered a characteristic of a liability : Which is not considered a characteristic of a liability? Which Liabilities are? any accounts having credit balances after closing entries are made.
Forecasting for decision making : Identify four key areas you need to forecast? Why did you select those four areas?
Apply the empirical criterion of meaning : Apply the empirical criterion of meaning to an example of your own choosing?
Impressive writing : Share an example of a strategic, professionally written, strategic communication piece.
What is the non-controlling interest share of cassandra : Razel corp. to outsider for P60,000 during 2019. For consolidation purposes, what is the non-controlling interest's share of Cassandra's net income for 2018?
How much is consolidated cost of sales : In the consolidated income statement for Princess Corporation and subsidiary for the year 2018, how much is consolidated cost of sales?
Dimensions of transformational and transactional leadership : Analyse the different dimensions of transformational and transactional leadership and their likely positive as well as negative impact on organizational change.
What is consolidated net income attributable to planet corp : Planet Corporation owned 90% interest in a purchased subsidiary, What is the consolidated net income attributable to Planet Corporation?
Listening : Of the bad listening practices in Communication in the Real World, identify the two practices you use most often

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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