What amount should be recognized as gain on reversal of share appreciation rights on December 31, 2020?

Q: On July 1, 2020, an interest date, P1,000,000 of Siomai Company bonds were converted into 20,000 of…

A: Amount to be recognised =Market value of ordinary shares -Carrying amount of bonds

Q: Answer should be presented as: DECREASE 123456 or INCREASE 123456 During 2021, the first year of…

A: Market value of security 2 as on Dec. 31, 2022 1100000   Less: value at which security 2sold…

Q: During the 2022 financial year, SendIT Limited and Wheels Limited incorporated SW Traders Limited.…

A: IFRS are issued by the IFRS foundation. IFRS stands for International Financial Reporting Standards.…

Q: e) Suppose that on 31 Dec 2020 ABC purchased a new logistics and storage facility for €100.000, to…

A: Adjusted trial balance: Adjusted trial balance can be defined as the trial balance prepared after…

Q: CLASSIFICATION 1. At what amount should the equity investment be initially recorded? 2. How much is…

A: 1. On the date of Purchase equity instruments should be recorded at following Amount Particulars…

Q: (iii) Pau Bhd, a public company, purchases a 60% interest of another company, Pol Sdn Bhd, on 1…

A:

Q: On July 1, 2020, an interest date, P1,000,000 of Siomai Company bonds were converted into 20,000 of…

A: Conversion of bonds refers to the process of exchanging a convertible type of asset or bond into…

Q: (i) CU 20.000.000 at CU 95 per debenture on 30th September, and (ii) CU 30.000.000 at CU 97 per…

A:

Q: Happy Sdn Bhd purchased a debt instrument on 1 January 2023 at its fair value of RM5 million. The…

A: Happy Sdn Bhd purchased a debt instrument on 1 January 2023Fair value = $5 million.The face value =…

Q: Palawan financing has a total assets of P500,000 and total liabilities of P300,000 at the end of the…

A: Given: Total assets = 500,000 Liabilities = 300,000

Q: On 1 January 2020, an entity purchased a debt instrument at its face value of P1,000,000. The…

A: The fluctuation in the market value of the investment results in an impairment loss or gain. If the…

Q: 10. White Wolf Company purchased the following investments during 2010: Market Value Dec. 31, 2010…

A: White Wolf Company's for year ended 2019 : Security A  of cost = P900000 Market value of A =…

Q: Using the data in Exhibit 8.5 for GIS, CPB, and SJM, estimate the value per share of K using an…

A: NOPAT stands for Net Operating Profit After Tax, which is considered as a good financial measure…

Q: Apollo Corp. has the following investment which were throughout 2021-2022: Fair Value Cost 12/31/21…

A: Unrealized gain An unrealized gain is a rise in the value of an asset that has yet to be sold for…

Q: In its 2020 income statement, how much should ABC Company report as basic earnings per share?

A:

Q: Answer should be presented as: DECREASE 123456 or INCREASE 123456 :During 2021, the first year of…

A: The process of recording business transactions in the books of accounts for the first time is known…

Q: October 1, 2017, Alpha Company is interested in the business of Beta Company.  Negotiations have…

A: Goodwill is an intangible asset related to the acquisition of one company by another. Goodwill is…

Q: Which statement is correct if the debt instrument is classified as FA@FVTOCI? a. The net amount to…

A: The financial  asset which  are measured as per FVTOCI or ACM method are to be adjusted for expected…

Q: Presented below is information related to the purchases of common stock by Indigo Company during…

A: Answer         Journal entries         Date Particulars Debit($) Credit($) 31-Dec-20…

Q: A company buys ten shares of securities at P2.000 each on December 31, 2031. The securities are…

A: When a company helds securities as investment ,  there may be…

Q: On 30 June 2019 Southside plc purchased 5,000 shares in ABC plc at £10.00 per share. On acquisition,…

A: The securities that are classified as securities available for sale are to be recorded in the books…

Q: On October 2020, X Corporation purchased a financial instrument that qualifies as a derivative and…

A: Other comprehensive income is the statement which is prepared to record the gain or losses, revenue…

Q: "The general assembly of the ABC Public Shareholding Company decided to distribute the net profit of…

A: The reserves are the amount of profits that have been kept aside to strengthen the financial…

Q: Consider the following information regarding Kent Ltd, a listed company on ASX in Australia.…

A: Residual Income: It is the excess profit earned over and above the charge for equity.

Q: None

A: 1. Determine the total compensation cost: This is the fair value of the SARs at the end of each…

Q: On June 1, 2019, 4,000 shares of $10 par value common stock are issued in exchange for new…

A: Introduction Additional paid in capital: Additional paid in capital is the excess value of proceeds…

Q: Suppose Milan Liability Insurance has $400,000 retention limit for a single policy and five lines…

A: Insurance is a contract which protects the insured from loss. The person who proves the insurance is…

Q: On 1 October 2019 A-Star Co acquired 15 million of B-Star Co's 50 million shares in exchange for 40…

A: This question deals with the investment in associates. Entity is called to be an associate of of…

Q: On January 1, 2020, the Soondubu Stew Corporation purchased equity securities to be held fo ading…

A: Given, Acquisition cost of securities = P2,000,000 Commission and taxes = P50,000 Fair value of…

Q: Red Hat Company began operations in January 2018 and reported the following results of operations…

A: Book value per common stock = (Total stockholder's equity-(liquidation value of preferred stock+…

Q: (trade date), Francis Cor equity security classified as Financial Assets at FVTOCI for its current…

A:

Q: Good Company purchased  a franchise on July 1, 2021 for the following considerations:  The company…

A: Cost of franchise would the the fair value of share issued and present value of payment for note…

Q: A company purchases debt securities for $100,000 at the beginning of 2022. It classifies as trading…

A: An investment in debt securities may be classified as either trading securities, available for sale…

Q: On April 30, 2015, Company acquired 10%, P100,000 bonds dated January 1, 2021 at 102.  If the…

A: Formula: Initial carrying amount of the investment = Cash proceeds from Issue price of the bonds -…

Q: Based on the information provided, what amount will be reported for Ordinary Share in the combined…

A: In consolidated financial statement, the share capital of only parent company is considered and…

Q: %Find the cost of existing debentures assuming 40 % tax rate. a)8.02% b)7.12% c)5.54% d)11.05%

A: A debenture is a certificate acknowledging the loan. There is a fixed amount of interest to be paid…

Q: Answer all the subparts a,b,c On December 31, 2020, CFR Co. provided the following information as…

A: Trading Securities are the financial instruments purchased by the company to deal within 1 year.…

Q: What amount should be recognized as gain on reversal of share appreciation rights in 2021? *see…

A: Compensation Expense- Compensation Expense means all expenses and costs related with compensation…

Q: Mungo Ltd has entered into two contacts involving financial instruments as follows. On 1 July 2020,…

A: The bond issuer, or the borrower who raised the funds, must record the bonds as a financial…

Q: Co. acquired equity securities on May 25, 2020. The acquisition did not result nificant influence…

A: Solution: When acquistion did not result into significant influence over investee company,…

Q: ry 1, 2020, the Pacita Corp equity securities for P2,000,000. ssion, taxes and other transacti…

A: Marketable securities are valued at fair value at the end of the accounting year . The difference…

Q: Suppose that AXE company acquires exactly 25% of the voting common stock of Company SARDAR Inc. for…

A: In case of an entity having significant influence i.e. less than 50% stake in other entity. The…

Q: Aero Ltd (Aero) has granted 700 share appreciation rights to each of its 400 employees on 1 January…

A:

Q: what gain would be recognized in the financial statements for the year ended 31 December 2020?

A: The direct acquisition costs incurred is considered as part of purchase value of equity instrument.…