Sun Ltd has 40% shares of Yan Ltd. The carrying amount of this investment at the...
Sun Ltd has 40% shares of Yan Ltd. The carrying amount of this investment at the beginning of the year is $100 000. Yan Ltd makes $120 000 loss for the year. An impairment test shows that the investment has a recoverable value of $40 000. The investment will be measured at?
A) ($120 000)
B) ($20 000)
C) $0
D) $40 000
Homework Answers
OPTION D: $40000
EXPLANATION:
The investment has to be measured at recoverable value. i.e. value higher of the 'fair value less costs of disposal' and the 'value in usage'.
Add Answer to:
Sun Ltd has 40% shares of Yan Ltd. The carrying amount of this
investment at the...
Sun Ltd has 40% shares of Yan Ltd. The carrying amount of this investment at the...
Sun Ltd has 40% shares of Yan Ltd. The carrying amount of this investment at the beginning of the year is $100 000. Yan Ltd makes a $120 000 loss for the year. An impairment test shows that the investment has a recoverable value of $40 000. The investment will be measured at? A) ($120 000) B) ($20 000) C) $0 D) $40 000
Shares and general reserves 11. Calling Card Co Ltd has acquired a printing press from Metal...
Shares and general reserves 11. Calling Card Co Ltd has acquired a printing press from Metal Manufacturers Ltd. The deal required Calling Card Co Ltd to exchange the following assets for the printing press Shares in Calling Card Co Ltd 50 000 shares with a market value of $1.10 each Cost 520 000, accumulated depreciation $8000; fair value 515 000 $5.000 Carrying Amonton Vehicle Cash The cost to install the press was $1000 (not yet paid). What is the entry...
Bovine Ltd. has the following assets in a CGU: Cam thousands) The recoverable amount has been...
Bovine Ltd. has the following assets in a CGU: Cam thousands) The recoverable amount has been determined to be $3,050. The separate fair value less costs to sell for land is $1,170; no other assets could be separately valued. Required: 1. Allocate the impairment loss to individual assets and calculate the net book value of each asset after the impairment. (Enter answers in thousands of dollars.) Car e Proportion thousands impairment Netbook value Ements Buning S050 2. Assume that the...
Just explain the part I added red notice for it( please show me numbers, the calculation,...
Just explain the part I added red notice for it( please show me
numbers, the calculation, what to add multiple, dividend to get
this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
REVIEW QULSIUN TWELVE Zoro Ltd has determined that its China division is a cash-generating unit. The carrying amounts of the assets at 30 June 2014 are as follows: Factory Land Equipment Machinery $210,000 $150,000 $120,000 $60,000 Zoro Ltd calculated the value in use of the division...
Just explain the part I added red notice for it, only how to get 390000( please...
Just explain the part I added red notice for it, only how to get
390000( please show me numbers, the calculation, what to add
multiple, dividend to get this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
REVIEW QULSIUN TWELVE Zoro Ltd has determined that its China division is a cash-generating unit. The carrying amounts of the assets at 30 June 2014 are as follows: Factory Land Equipment Machinery $210,000 $150,000 $120,000 $60,000 Zoro Ltd calculated the value...
Ace Ltd is a listed parent company with interests in television stations, cinemas and newspapers.
Ace Ltd is a listed parent company with interests in television stations, cinemas and newspapers. On 1 January 2014, Ace Ltd acquired 40% of the voting shares of Deuce Pty Ltd, a publisher of women magazines, for $1 620 000 cash. The acquisition gave Ace Ltd. significant influence over Deuce Ltd. The recorded net assets and contingent liabilities of Deuce Ltd as at the date of acquisition were represented by the following equity items: $000Share Capital 1,000Retained Earnings 600General Reserve ...
ACC206: Financial Accounting MCQ 2.0 1. HL Ltd purchased a high speed industrial equipment at a...
ACC206: Financial Accounting MCQ 2.0 1. HL Ltd purchased a high speed industrial equipment at a cost of $420,000. Shipping costs totalled $15,000. Foundation work has to be done to house the equipment at HL Ltd’s premises and costs $8,000. An additional water line had to be run to the equipment at a cost of $3,000. Labour and testing costs totalled $6,000. Materials used up in testing cost $3,000. Under FRS 16 Property, Plant and Equipment , the capitalised cost...
Share Capital of P Ltd is 400,000 ordinary shares. Share Capital of E Ltd is 100,000...
Share Capital of P Ltd is 400,000 ordinary shares. Share Capital of E Ltd is 100,000 ordinary shares. Share Capital of F Ltd is 100,000 ordinary shares Share Capital of G Ltd is 100,000 ordinary shares P Ltd acquired its 100% interest in E Ltd for cash consideration of $100,000 in January 20X1 and E Ltd share capital is $100,000. P Ltd acquired its 100% interest in F Ltd for cash consideration of $230,000 in February 20X2 when F Ltd's...
On 1 July 2015, Fluffy Ltd acquired all the issued shares of Glider Ltd. Fluffy Ltd...
On 1 July 2015, Fluffy Ltd acquired all the issued shares of
Glider Ltd. Fluffy Ltd paid $30 000 in cash and 20 000 shares in
Fluffy Ltd valued at $3 per share. At this date, the equity of
Glider Ltd consisted of $66 000 share capital and $6000 retained
earnings.
At 1 July 2015, all the identifiable assets and liabilities of
Glider Ltd were recorded at amounts equal to their fair values
except for:
Additional information
(a) Fluffy Ltd...
Z Ltd owns 60 000 shares of E Ltd. E Ltd had a total of 100...
Z Ltd owns 60 000 shares of E Ltd. E Ltd had a total of 100 000 shares. During the period, E Ltd (which is a subsidiary of Z Ltd) has sold goods to Z Ltd at a mark-up of 20% on its costing $1 000. On the reporting date, these goods remain unsold with Z Ltd. What is the effect related to adjusting non-controlling interest (NCI) at the time of consolidation? NCI to be: A) Reduced by $120 B)...
Shares and general reserves 11. Calling Card Co Ltd has acquired a printing press from Metal Manufacturers Ltd. The deal required Calling Card Co Ltd to exchange the following assets for the printing press Shares in Calling Card Co Ltd 50 000 shares with a market value of $1.10 each Cost 520 000, accumulated depreciation $8000; fair value 515 000 $5.000 Carrying Amonton Vehicle Cash The cost to install the press was $1000 (not yet paid). What is the entry...
Bovine Ltd. has the following assets in a CGU: Cam thousands) The recoverable amount has been determined to be $3,050. The separate fair value less costs to sell for land is $1,170; no other assets could be separately valued. Required: 1. Allocate the impairment loss to individual assets and calculate the net book value of each asset after the impairment. (Enter answers in thousands of dollars.) Car e Proportion thousands impairment Netbook value Ements Buning S050 2. Assume that the...
Just explain the part I added red notice for it( please show me
numbers, the calculation, what to add multiple, dividend to get
this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
REVIEW QULSIUN TWELVE Zoro Ltd has determined that its China division is a cash-generating unit. The carrying amounts of the assets at 30 June 2014 are as follows: Factory Land Equipment Machinery $210,000 $150,000 $120,000 $60,000 Zoro Ltd calculated the value in use of the division...
Just explain the part I added red notice for it, only how to get
390000( please show me numbers, the calculation, what to add
multiple, dividend to get this result
Refrence
Deegan. (2016). Financial Accounting . McGraw-Hill
Education, Australia
REVIEW QULSIUN TWELVE Zoro Ltd has determined that its China division is a cash-generating unit. The carrying amounts of the assets at 30 June 2014 are as follows: Factory Land Equipment Machinery $210,000 $150,000 $120,000 $60,000 Zoro Ltd calculated the value...
On 1 July 2015, Fluffy Ltd acquired all the issued shares of
Glider Ltd. Fluffy Ltd paid $30 000 in cash and 20 000 shares in
Fluffy Ltd valued at $3 per share. At this date, the equity of
Glider Ltd consisted of $66 000 share capital and $6000 retained
earnings.
At 1 July 2015, all the identifiable assets and liabilities of
Glider Ltd were recorded at amounts equal to their fair values
except for:
Additional information
(a) Fluffy Ltd...
Most questions answered within 3 hours.
-
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 18 minutes ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 36 minutes ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 40 minutes ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 1 hour ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 1 hour ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 4 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 5 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 5 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 5 hours ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 5 hours ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 5 hours ago -
A manufacturer of banana chips would like to know whether its
bag filling machine works correctly...
asked 6 hours ago