Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company. To explain: The relationship between Company A and Company H.

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Answer 1

Question

Chapter 16, Problem 9E

(a)

To determine

Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

To explain: The relationship between Company A and Company H.

(b)

To determine

To explain: The treatment of the accounts.

(c)

To determine

To explain: The reason for the preparation of consolidated financial statements.

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1.3 1.2.5 za When using a computerised accounting system, the paper work will be reduced in the organisation. Calculate the omitting figures: Enter only the answer next to the question number (1.3.1-1.3.5) in the NOTE. Round off to TWO decimals. VAT report of Comfy shoes as at 30 April 2021 OUTPUT TAX INPUT TAX NETT TAX Tax Gross Tax(15%) Gross (15%) Standard 75 614,04 1.3.1 Capital 1.3.2 9 893,36 94 924,94 Tax (15%) 1.3.3 Gross 484 782,70 75 849,08 -9 893,36 -75 849,08 Bad Debts TOTAL 1.3.4 4 400,00 1 922,27 14 737,42 -1 348,36 1.3.5 (5 x 2) (10

Answer 2

Question

Chapter 16, Problem 9E

(a)

To determine

Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

To explain: The relationship between Company A and Company H.

(b)

To determine

To explain: The treatment of the accounts.

(c)

To determine

To explain: The reason for the preparation of consolidated financial statements.

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Answer 3

Question

Chapter 16, Problem 9E

(a)

To determine

Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

To explain: The relationship between Company A and Company H.

(b)

To determine

To explain: The treatment of the accounts.

(c)

To determine

To explain: The reason for the preparation of consolidated financial statements.

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Answer 4

Question

Chapter 16, Problem 9E

(a)

To determine

Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

To explain: The relationship between Company A and Company H.

(b)

To determine

To explain: The treatment of the accounts.

(c)

To determine

To explain: The reason for the preparation of consolidated financial statements.

Expert Solution & Answer

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Answer 5

Chapter 16, Problem 9E

(a)

To determine

Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

To explain: The relationship between Company A and Company H.

(b)

To determine

To explain: The treatment of the accounts.

(c)

To determine

To explain: The reason for the preparation of consolidated financial statements.

Answer 6

Chapter 16, Problem 9E

(a)

To determine

Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

To explain: The relationship between Company A and Company H.

Answer 7

Chapter 16, Problem 9E

(a)

To determine

Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

To explain: The relationship between Company A and Company H.

Answer 8

(b)

To determine

To explain: The treatment of the accounts.

Answer 9

(b)

To determine

To explain: The treatment of the accounts.

Answer 10

(c)

To determine

To explain: The reason for the preparation of consolidated financial statements.

Answer 11

(c)

To determine

To explain: The reason for the preparation of consolidated financial statements.

Answer 12

Expert Solution & Answer

Answer 13

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Answer 14

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Answer 15

Ch. 16 - Prob. 1Q Ch. 16 - Prob. 2Q Ch. 16 - Prob. 3Q Ch. 16 - Prob. 4Q Ch. 16 - 5. What is the cost of an investment in stock? Ch. 16 - Prob. 6Q Ch. 16 - Prob. 7Q Ch. 16 - Prob. 9Q Ch. 16 - Prob. 10Q Ch. 16 - Prob. 11Q

Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company. To explain: The relationship between Company A and Company H.

Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company. To explain: The relationship between Company A and Company H.

To explain: The treatment of the accounts.

To explain: The reason for the preparation of consolidated financial statements.

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Chapter 16 Solutions

Shares: A share is the ownership certificate of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

To explain: The relationship between Company A and Company H.