iv. calculate the Goodwill (if any) assuming that the Net Assets of ALH are $2,125,000.
ETG is considering the acquisition of another subsidiary company, ALH Company. To fund the acquisition the company requires $3,000,000. You have proposed two alternatives to fund the acquisition:
issue 1,500,000 $2 ordinary shares
issue 30,000 $100 13% debentures
Assume the following existing capital struction of:
2,000,000 $2 ordinary shares $4,000,000
750,000 $1.50 8% preference shares
40,000 $100 11% debentures $4,000,000
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iv. calculate the Goodwill (if any) assuming that the Net Assets of ALH are $2,125,000.
Written report \You are the CFO of Axis Trading Group (ATG). Together with the Financial Controller,...
Written report \You are the CFO of Axis Trading Group (ATG). Together with the Financial Controller, you are responsible for evaluating the financial performance and devising a strategy for financial sustainability for ATG. The key objective of the report is to devise an implementation plan for the continual growth of the company to enable financial stability and sustainability. The written report, along with a five-minute presentation, will be submitted at the next management meeting. Your report needs to be professionally...
• Prepare the general journal entries to record the above independent scenarios. • Narrations to general journal entries must be provided. • Complete and detailed workings/calculations must be shown....
• Prepare the general journal entries to record the above
independent scenarios.
• Narrations to general journal entries must be provided.
• Complete and detailed workings/calculations must be shown.
• Absence of workings/calculations may lead to zero marks
allocated to the particular general journal entry, despite the fact
that the entry might be correct!
PLEASE answer scenario5 to 7 thank you very much
The directors issued a prospectus offering 40,000 ordinary shares at an issue price of $2.80, payable $2...
Question 7 Identify the net assets of the subsidiary at the date of acquisition. a) Identify...
Question 7 Identify the net assets of the subsidiary at the date of acquisition. a) Identify the net assets of the subsidiary at the date of acquisition b) Define net assets. Introduction Group financial statements are prepared to show the financial position and performance of the parent and its subsidiaries as a single economic unit. A complete set of financial statements is made up of five components, namely Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Financial...
Horizontal and Vertical Analysis. Horizontal analysis refers to changes of financial statement numbers and ratios across...
Horizontal and Vertical Analysis. Horizontal analysis refers to changes of financial statement numbers and ratios across two or more years. Vertical analysis refers to financial statement amounts expressed each year as proportions of a base such as sales for the income-statement accounts and total assets for the balance-sheet accounts. Exhibit 4.55.1 contains Retail Company's prior-year (audited) and current-year (unaudited) financial statements, along with amounts and percentages of change from year to year (horizontal analysis) and common-size percentages (vertical analysis). Exhibit...
To be useful, financial information must be relevant and faithfully represent a business's economic activities. This...
To be useful, financial information must be relevant and faithfully represent a business's economic activities. This requires ethics, beliefs that help us differentiate right from wrong, in the application of underlying accounting concepts or principles. These underlying accounting concepts or principles are known as generally accepted accounting principles (GAAP). GAAP in Malaysia, as well as in many other countries, is based on International Financial Reporting Standards (IFRS). IFRS are issued by the International Accounting Standards Board (ASB). Malaysian Financial Reporting...
How can i calculate the cost of equity using Security Market Line and Dividend Discount Model...
How can i calculate the cost
of equity using Security Market Line and Dividend Discount Model
(DDM), the cost of debt, the market value weights, and the WACC to
use your answer from Security Market Line in your calculation for
the cost of equity? Please do not use excel
Phillips Pharmaceuticals Limited (PPL) shares are publicly traded on the Toronto Stock Exchange. The common shares currently trade at a market price of $30.00 per share. PPL recently paid a dividend...
SAT 1.1 SAT 1.2 SAT 1.3 SAT 1.4 SAT 1.5 SAT 1.6 SAT 1.7 SAT 1.8...
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
SAT 1.5
SAT
1.6
SAT 1.7
SAT 1.8
SAT 1.9
SAT 1.10
I need complete answer
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses...
PLEASE COMPLETE THE ANSWER SAT 1.1 SAT 1.2 SAT 1.3 SAT 1.4 RBB RETAILING CORPORATION Statement...
PLEASE COMPLETE THE ANSWER
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses is the depreciation of the following account titles: a. Building - P80,000...
Answer these following multiple choice questions show working where applicable 1) Dayton Company had the following...
Answer these following multiple choice questions show working where applicable 1) Dayton Company had the following transactions in 2015, it first year of operation. Issue 30,000 shares of common stock. Stock has par value of $5 per share and was issued at $15 per share. The company charter authorizes 200,000 shares of common stock. Which of the following is the correct value of the paid in capital in excess of par? Select one: a. $150,000 b. $3,000,000 c. $1,000,000 d....
9. If the stable developers such as HRI have a total debt-to-total assets ratio in the range of 48-55 percent, how much flexibility for future financing will HRI have if is issued at present? Cas...
9. If the stable developers such as HRI have a total
debt-to-total assets ratio in the range of 48-55 percent, how much
flexibility for future financing will HRI have if is issued at
present?
Case 31 The Debt versus Equity Financing Alternative High Rock Industries Kathleen Crawford, president and CEO of High Rock Industries, reflected upon the company's growth since its inception in 1975. That growth, indicative of the activity in land development in the mid-Atlantic region of the United...
• Prepare the general journal entries to record the above
independent scenarios.
• Narrations to general journal entries must be provided.
• Complete and detailed workings/calculations must be shown.
• Absence of workings/calculations may lead to zero marks
allocated to the particular general journal entry, despite the fact
that the entry might be correct!
PLEASE answer scenario5 to 7 thank you very much
The directors issued a prospectus offering 40,000 ordinary shares at an issue price of $2.80, payable $2...
Question 7 Identify the net assets of the subsidiary at the date of acquisition. a) Identify the net assets of the subsidiary at the date of acquisition b) Define net assets. Introduction Group financial statements are prepared to show the financial position and performance of the parent and its subsidiaries as a single economic unit. A complete set of financial statements is made up of five components, namely Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Financial...
Horizontal and Vertical Analysis. Horizontal analysis refers to changes of financial statement numbers and ratios across two or more years. Vertical analysis refers to financial statement amounts expressed each year as proportions of a base such as sales for the income-statement accounts and total assets for the balance-sheet accounts. Exhibit 4.55.1 contains Retail Company's prior-year (audited) and current-year (unaudited) financial statements, along with amounts and percentages of change from year to year (horizontal analysis) and common-size percentages (vertical analysis). Exhibit...
To be useful, financial information must be relevant and faithfully represent a business's economic activities. This requires ethics, beliefs that help us differentiate right from wrong, in the application of underlying accounting concepts or principles. These underlying accounting concepts or principles are known as generally accepted accounting principles (GAAP). GAAP in Malaysia, as well as in many other countries, is based on International Financial Reporting Standards (IFRS). IFRS are issued by the International Accounting Standards Board (ASB). Malaysian Financial Reporting...
How can i calculate the cost
of equity using Security Market Line and Dividend Discount Model
(DDM), the cost of debt, the market value weights, and the WACC to
use your answer from Security Market Line in your calculation for
the cost of equity? Please do not use excel
Phillips Pharmaceuticals Limited (PPL) shares are publicly traded on the Toronto Stock Exchange. The common shares currently trade at a market price of $30.00 per share. PPL recently paid a dividend...
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
SAT 1.5
SAT
1.6
SAT 1.7
SAT 1.8
SAT 1.9
SAT 1.10
I need complete answer
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses...
PLEASE COMPLETE THE ANSWER
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses is the depreciation of the following account titles: a. Building - P80,000...
9. If the stable developers such as HRI have a total
debt-to-total assets ratio in the range of 48-55 percent, how much
flexibility for future financing will HRI have if is issued at
present?
Case 31 The Debt versus Equity Financing Alternative High Rock Industries Kathleen Crawford, president and CEO of High Rock Industries, reflected upon the company's growth since its inception in 1975. That growth, indicative of the activity in land development in the mid-Atlantic region of the United...
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