EBK PEARSON ETEXT INTERNATIONAL BUSINES
9th Edition
ISBN: 9780136846871
Author: Wild
Publisher: VST
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Question
Chapter 16, Problem 12TU
Summary Introduction
Introduction:
Local manager are the key point of success because if any company appoint local manager they will take decision after a look on the market that will be beneficial for the company. The managers will take decisions according to the business need as well as consumer satisfaction.
Characters in the case:
There are two characters in this case which are Local managers and company.
Adequate information:
Advantages of hiring a local manager
To Determine:
Advantages associated with the hiring of local manager in emerging markets.
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Please provide this question solution general accounting
Prince Corporation acquired 100 percent of Sword Company on January 1, 20X7, for $187,000. The trial balances for the two companies on December 31, 20X7, included the following amounts:
Item
Prince Corporation
Sword Company
Debit
Credit
Debit
Credit
Cash
$ 94,000
$ 43,000
Accounts Receivable
59,000
64,000
Inventory
183,000
104,000
Land
92,000
38,000
Buildings and Equipment
496,000
151,000
Investment in Sword Company
248,000
Cost of Goods Sold
496,000
254,000
Depreciation Expense
22,000
12,000
Other Expenses
65,000
65,000
Dividends Declared
51,000
23,000
Accumulated Depreciation
$ 153,000
$ 60,000
Accounts Payable
64,000
34,000
Mortgages Payable
192,000
111,000
Common Stock
291,000
40,000
Retained Earnings
335,000
91,000
Sales
687,000
418,000
Income from Sword Company
84,000
$ 1,806,000
$ 1,806,000
$ 754,000
$ 754,000
Additional Information
On January 1, 20X7, Sword…
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