Compute for:a. Net income attributable to parentb. Non-controlling interest in net income shares o XSCRIBDO ScribdO ScribdO ScribdG cost of g xG scribd A* Messenc xb My Que: XA (3) (PDFA scribd.com/embeds/421935931/content?start_page=1&view_mode=scroll&access_key=key-DXFMtVntRav5tIToCCWRO (Error :E AppsMessengerO LTE Wireless RouterM GMAILO SCRIBD TO PDF DO.E Reading listACCOUNTING TUTORIAL SESSIONAdvanced Financial Accounting & Reporting - 2COMPREHENSIVE PROBLEMSProblem 1. Awesome Corporation acquired 80% interest in Amazing Company on January 2, 2013 for P 2,950,000. On this date, theshare capital and retained earnings of the two companies follow:AmazingP 2,520,000AwesomeShare CapitalRetained E arningsP 6,000,0003,000,000200,000On January 2, 2013, the as sets and liabilities of Amazing Co. were stated at their fair values except for machinery which is undervaluedby P 330,000 with a remaining useful life of 4 years. On September 30, 2014, Ama zing sold merchandise to Awes ome at an intercompanyprofit of P 150,000; 25% was s til uns old at year-end. Likewis e, on October 1, 2014, Amazing purchased merchandise from Awesomefor P2,500,000. The selling affiliate included a 120% mark-up on cost on this sale. Only 75% of these purchas es had been sold tounrelated parties as of December 31, 2014. As of December 31, 2014, goodwill was determined to be impaired by P 67,500. Thefollowing summary of the 2013 transactions of the affiliated companies:AwesomeAmazingP 650,000Net incomeP 1,300,000Dividends declared and paid600,000120,000On the 2014 consolidated financial statements how much would be the:E SCRIBD4of 49:09 AMP SearchL5/27/2021近

Consolidation is the way toward obtaining the over half value share capital of the little…

Answered: Compute for: a. Net income…

Business

Accounting

Compute for: a. Net income attributable to parent b. Non-controlling interest in net income

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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STI STI Education S X 06 Handout_1( x 06 Quiz_1(3).pc × 06 Worksheet x 07_Quiz_1(3).p x Smallpdf.com Enter your pay × + A elms.sti.edu/files/6507935/06_Quiz_1(3).pdf?Imsauth=043a32e7434b98c09038f3a220903b52cb1078c5 E Apps M Gmail O YouTube STI STI Education Servi... M Inbox (8) - tezukasa.. Messenger O Microsoft account ... Reading list 06_Quiz_1(3).pdf 1 / 1 | - + 90% Problem Solving (5 items x 3 points) Instruction: Answer the following problems with appropriate solutions. 1. JBL expects to sell 7,000 units of wireless earbuds this year at P7,199.00 each. What is the projected sales revenue? 2. ROS Corporation sold 9,000 flashlight umbrellas in 2020. Their expected units to be sold this year is 10,000 units. What is the percentage change in sales volume? 3. The variable expenses of wearable air purifiers last year amounted to Php500,000. The entrepreneur projects a 2.25% increase in sales volume. What is the projected variable expense? 4. Maddison, LTD. sold 700 desks last year.…
7. Uneven cash flows A series of cash flows may not always necessarily be an annuity. Cash flows can also be uneven and variable in amount, but the concept of the time value of money will continue to apply. Consider the following case: The Purple Lion Beverage Company expects the following cash flows from its manufacturing plant in Palau over the next five years: Annual Cash Flows Year 2 Year 3 Year 4 Year 5 Year 1 $100,000 $20,000 $330,000 $450,000 $750,000 this investment is 4%. What is the present value of this uneven cash flow The CFO of the company believes that an appropriate annual interest rate stream, rounded to the nearest whole dollar? O $450,000 O $2,025,000 O $1,675,000 O $1,409,121 flows or annuity payments: Identify whether the situations described in the following table are examples of uneven MacBook Air 4> F10 F9 F8 F7 F6 F5 F4 F2 % 24 4. %23 0 5 6 8 3
(8) DI R * Assign X 9 Questi X Questi X 4 Busine X Registr X Banner X Northe X PT Natash X + 第| x heducation.com/ext/map/index.html?_con3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddle... ☆ rt 1 i Saved Help Save & Exit Submit The management team of Wickersham Brothers Incorporated is preparing its annual financial statements. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized. Current Year Prior Year Balance Sheet Assets Cash $ 91,500 $ 111,000 Accounts Receivable Inventory Property and Equipment Less: Accumulated Depreciation 97,500 00006 000'06 (48,800) $ 422,700 Total assets $ 378,500 Liabilities: $ 15,000 $ 18,000 Accounts Payable Salaries and Wages Payable Notes Payable, Long-Term Stockholders' Equity: 000'e 000 sL 00s T 000 '06 Common Stock 120,000 Retained Earnings 189,700 000 6tT Total Liabilities and Stockholders' $ 422,700 $ 378,500 equity…
M You x O File: xLA File x + Ass X Q App x Q Rev x O Que X 202 X C [Th X O ISB X E Can x to.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%25 DuTube A Maps f Login - Rowan Uni. A My Drive - Google. ID ID.me | Simple, Se. A Division of Unemp.. plied C Class Principles of.. omework- Assignment 1 Saved Help On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 600,000 250,000 685,000 Total stockholders' equity $ 1,535,000 (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made. Complete this question by entering your answers in…
x M NCC Curre x Quest x Contex bnc An ea x Untitl x New X P wild f x Aal. AOL X New X New X + nheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/que... 13 i Saved Help Save & Exit Check m Exercise 1-13 (Algo) Identifying effects of transactions on the accounting equation LO P1 The following table shows the effects of transactions 1 through 5 on the assets, liabilities, and equity of Mulan's Boutique. Match each transaction with its probable description. Assets = Liabilities + Accounts Equity Accounts Receivable + + Supplies $0 + $ 3,800 Cash + $ 29,000 + -4, 800 Land + $ 23,000 4,800 = = Common Stock $ 55,800 + Payable $0 Revenues $0 + 1. + 2. + 1,080 +1,080 3. 2,300 4. -1,080 -1,080 5. +2, 300 + $ 4,880 $0 $ 25,420 + $ 55,800 + $ 2,300 Transaction Description 1. 2. 3. 4. 5. 2,300 2,300 $0 + $ 27,800 = Prev 1 of 1 www www. Next
You X O File: X A File x t Ass X Q App x 202 X Q Rev x O Que X C (Th X O ISBI X = Can x nheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com ube A Maps t Login - Rowan Uni. A My Drive - Google.. ID ID.me | Simple, Se. 9 Division of Unemp. E Class Principles of... ework- Assignment 1 i Saved Required information [The following information applies to the questions displayed below.] The stockholders' equity section of TVX Company on February 4 follows. Common stock-$25 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 1,500,000 429,000 554,000 Total stockholders' equity $ 2,483,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $36 per share on February 5 before the stock dividend. 2. Prepare the stockholders' equity…
u Online C (78) Wha X M Uh-oh! T X Accounti X M Inbox (2, x O SP2021 Answere x E3 My Hom x * Cengage x Bartleby x + D X A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true FMovies | Watch M. BIO201 Connect 10.. M Gmail D YouTube Fourth Homework O eBook 9. MC.12.09 Research and Development 10. MC.12.10 Instructions Chart Of Accounts General Journal 11. RE.12.01.BLANKSHEET Instructions 12. RE.12.02 Notting Hill Company incurred the following costs for R&D activities: 13. RE.12.03.BLANKSHEET Material used from inventory $15,000 14. RE.12.04.BLANKSHEET Equipment purchased (with cash) for R&D with no other use 85,000 Depreciation on building housing multiple R&D activities 10,000 15. RE.12.05.BLANKSHEET Wages and salaries paid to R&D employees 38,500 16. RE.12.06.BLANKSHEET Required: 17. RE.12.07.BLANKSHEET Prepare Notting Hill's journal entry(ies) to record its R&D. 18. RE.12.08 19. RE.12.09.BLANKSHEET 20. RE.12.10.BLANKSHEET 21. EX.12.01 22. EX.12.02.BLANKSHEET O…
U Portal Assignments: Corp Fin Reprtnx OQuestlon 21 - E&P Set #4 (Lea X (no subject)- ellse.patipewe@ x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser3D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252F... 4 (Leases) 6 Saved Help Save & Exit Submit Check my work Exercise 15-3 (Static) Finance lease; lessee; balance sheet and income statement effects [L015-2] On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $562,907 over a three-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia-Atlantic's incremental borrowing rate is 10%, the same rate IC uses to calculate lease payment amounts. Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value of the equipment is $3 million. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 (Use…
mation |x A Assignmenta: Corp Fin Reprtn x Question 2 Graded Assignme x HExam1-ep6778a@student.am x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252FIms.mheducation.com%252F... M (no subject) - ellse.patipewe@ x signment #4 (Leases) i Saved Help es At the beginning of 2021, VHF Industries acquired a machine with a fair value of $9,415,785 by signing a four-year lease. The lease is payable in four annual payments of $3.1 million at the end of each year. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. What is the effective rate of interest implicit in the agreement? 2-4. Prepare the lessee's journal entries at the beginning of the lease, the first lease payment at December 31, 2021 and the second lease payment at December 31, 2022. 5. Suppose the fair value of the machine and the lessor's implicit rate were unknown at the time of the lease, but that…
ChatGi X Gincome X > DeepL X zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mhe Questi X ssignment i Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] On December 31, Hawkin's records show the following accounts. $ 5,900 1,000 3,600 14,800 Cash Accounts Receivable Supplies Equipment Accounts Payable Hawkin, Capital, December 1 Hawkin, Withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense HAWKIN Statement of Owner's Equity For Month Ended December 31 Hawkin, Capital, December 1 Add: Investments by owner Hawkin, Capital, December 31 6,400 15,300 1,800 $ 16,400 8,000 1,900 1,100 QS 1-16 (Algo) Preparing a statement of owner's equity LO P2 Use the above information to prepare a statement of owner's equity for Hawkin for the month ended December 31. Hint: Owner investments are $0 for the period. 0 Copia d X 0 0 chat.op X Log…
M You X A File: x LA File x + Assi x Q App x Q Rev X O Que X C (The x O ISBI X - Car Can X 202 X bnd You ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/.. YouTube A Maps t Login - Rowan Uni. A My Drive - Google. ID ID.me | Simple, Se. O Division of Unemp. E Class Principles of... O Aplied Calculus 8 Homework- Assignment 1 i Saved Help Sa On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common stock-$10 par value, 5,050 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 860,000 286,000 976,000 Total stockholders' equity $ 2,122,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,400 shares of its own common stock at $39 per share on October 11. b. Sold 1,350 treasury shares on November 1 for $45 cash per share. c. Sold all remaining treasury shares…
Topic: Uni x U2_AS i F1 Topic Uni X (@ 2 5 ezto.mheducation.com/ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%2 Required A Required B Required: a. What are the amount and character of the gain that Javens will recognize in year 0? b. What amount and character of the gain will Javens recognize in years 1 through 6? x Complete this question by entering your answers in the tabs below. Recognized Gain Character of Recognized Gain: Description Ordinary Gain §1231 gain F2 M Question X M Question X In year O, Javens Incorporated sold machinery with a fair market value of $500,000 to Chris. The machinery's original basis was $394,000 and Javens's accumulated depreciation on the machinery was $60,000, so its adjusted basis to Javens was $334,000. Chris paid Javens $50,000 immediately (in year O) and provided a note to Javens indicating that Chris would pay Javens $75,000 a year for six years beginning in year 1. What are the…