Middy Garden Services provides you with the following information on 28 February 20.9. R Machinery 60,000 Bank 2,50,000 Vehicles 1,00,000 - Dale Golf Course, a client of Middy Garden Services, owes R30,000 to Middy Garden Services for garden services rendered on January 20.9. - Middy Garden Services owes Clean It Machines R5,000. What is the net asset value (equity) of Middy Garden Services as of 28 February 20.9? a. R445,000 b. R450,000 c. R440,000 d. R435,000 e. R405,000
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- Abakada Incorporated acquired all the assets and liabilities of Egaha Company on January 1, 2018. The consideration are as follows: Cash Equipment Cash contingency Stock contingency Bank loan, at face value The cash payments are distributed to the following payees: Former owners of Egaha Company Lawyers for legal services Actuarial for valuation of Egaha's net assets Bank, transaction costs for the bank loan 2,000,000 500,000 30,000 50,000 1,000,000 Business Combination Page 4 of 5 1,800,000 80,000 50,000 70,000 Answer the following independent questions: 19. If the fair value of net assets of Egaha amounted to Php3,000,000, how much is the goodwill (bargain purchase gain) on business combination? 20. If bargain purchase gain on the acquisition amounted to Php40,000, how much could be the fair value of net assets acquired?Agnieszka Ltd borrowed £15,000,000. from a bank and used it to buy a warehouse. Which of the following is now an asset in the accounts od Agnieszka Ltd? a. the rent received by subletting part od the warehouse b. The warehouse C. The £15 million d. The interest paid by Agnieszka Ltd on the loanplease help answer
- please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy pastepter 15, 16, and 17 Saved p%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q Help Save & E payments. Isaac Incorporated began operations in January 2024. For some property sales, Isaac recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes, Isaac recognizes income when it collects cash from the buyer's installment In 2024, Isaac had $621 million in sales of this type. Scheduled collections for these sales are as follows: 2024 $ 61 million 2025 121 million 2026 131 million 2027 152 million 2028 156 million $ 621 million Assume that Isaac has a 25% income tax rate and that there were no other differences in income for financial statement and tax purposes. Note: Round your answer to the nearest whole million. Ignoring operating expenses and additional sales in 2025, what deferred tax liability would Isaac report in its year-end 2025 balance sheet? here to search Multiple Choice # $ 3 4 5 E R W 27 DOLL 9:29 PM Construction on…Coop Incorporated has the following assets and liabilities (assets are stated at net realizable value): Assets pledged with secured creditors $ 80,000 Assets pledged with partially secured creditors 70,000 Other assets 180,000 Secured liabilities 40,000 Partially secured liabilities 95,000 Liabilities with priority 55,000 Unsecured liabilities 225,000 In a liquidation, what is the amount of free assets after payment of liabilities with priority? A. $180,000 B. $165, 000 C. $70,000 D. $95,000 E. $160,000
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