attributable to plant assets with a 10 year life. S Company made $30‚000 in 2011 and paid no dividends. P Company’s separate income in 2011 was $375‚000. Excess depreciation expense in 2011 was 8. P Company acquired an 70% interest in S Company on January 1‚ 2011‚ for $270‚000 cash when S Company had common stock of $150‚000 and retained earnings of $150‚000. All excess was attributable to plant assets with a 10 year life. S Company made $30‚000 in 2011 and paid no dividends. P Company’s separate
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15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Trace reported net income of $110‚000 for 2011 and paid dividends of $60‚000 on October 1‚ 2011. How much income should Gaw recognize on this investment in 2011? Choose one answer. a. $9‚000. b. $16‚500. c. $7‚500. d. $50‚000. e. $25‚500. Correct Marks for this submission: 1/1. Question 2 Marks: 1 An upstream sale of inventory is a sale: Choose one
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ACCT2202 Advanced Corporate Accounting Week 1: Unit introduction ACCT2202 Advanced Corporate Accounting: Unit staff • Lecturer-in-charge and tutor • Dr Rick Newby • Tutors • Mr Val Chin (Val.Chin@uwa.edu.au) • Mr Kevin Burns (Kevin.Burns@uwa.edu.au) Unit overview: Learning outcomes • Completion of this unit should help you to: • interpret and apply specific requirements of a range of Australian Accounting Standards (AASBs) • critically evaluate accounting requirements
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Q4-2 A differential occurs when an investor pays more than or less than underlying book value in acquiring ownership of an investee. (a) In the case of the cost method‚ no adjustments are made for amortization of the differential on the investor’s books. (b) Under equity-method reporting the difference between the amount paid and book value must be assigned to appropriate asset and liability accounts of
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Describe and analyse a subculture with which you are familiar. The definition of a subculture is a culture within a culture where a group develops distinctive norms and values that are different from those of the mainstream culture. The subculture that I will be writing about is called the Fan Base which is also know as the Fandom. A fan base or fandom is a group of regular supporters and enthusiasts that spend a rather large amount of time and energy focussing on a team‚ musician or musical
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The War That Made Me Stronger Daughters of the American Revolution It is November 11th‚ 1918. I live in Nebraska. I’m 12 years old. My mother and my siblings were coming home from Britain to visit my grandmother on the Lusitania RMS‚ but they haven’t ever come home. I was taking care of of our farm. We usually get a profit of eight million dollars a year from our farm. My father fought in the war‚ he never came home either
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ADVANCED TOPICS IN MANAGEMNET MANAGEMENT OF KNOWLEDGE Case Study - LVMH February 2012 REVIEW OF SECTOR SPECIFIC FACTORS LVMH is the largest luxury goods conglomerate in the world‚ with a portfolio of around 50 brands known the world over. LVMH (despite the ordering of the initials‚ the fashionable firm’s full name is officially Mo Hennessy-Louis Vuitton) is active in all the essentials. The LVMH Group is organized in five main branches: wines and spirits‚ fashion and leather goods‚ perfumes
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Businesses • Why do you want to write about this topic? No matter how I look at this Obamacare is going to affect my future. I have health insurance through my husband’s work already. But if we open our own business eventually we will need to know all the information about it. And with Obama being our current president is good to keep up with all the current information that is going on. • Why is it interesting? I think this is an interesting topic since my husband and I would
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Drawing on the concepts you have studied in Block 1‚ critically reflect on the ways in which your own life course has affected how you work in‚ or use‚ health and social care. We are now living in an ageing society and so health and social care will play a part throughout our life course in one way or another. I shall start the main body of my assignment by providing an explanation of what is meant by the life course. I will then move onto my experiences of adulthood and of using health and
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IV Paper-16 : ADVANCED FINANCIAL ACCOUNTING & REPORTING DIRECTORATE OF STUDIES‚ THE INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA Group-IV : Paper-16 : Advanced Financial Accounting & Reporting 47 FINAL EXAMINATION (REVISED SYLLABUS - 2008) GROUP - IV Paper-16 : ADVANCED FINANCIAL ACCOUNTING & REPORTING Q1. Write short notes on the Advantages and disadvantages of setting of Accounting Standards. Answer 1. The Accounting Standards seek to describe the accounting principles‚ the
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