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Ibrahim Hammoud Questions
1381 Questions
How to figure gain on retirement of bond. Parent issues bond for 10M at 1.06. Sub buys 40% at 96.6
Accounting
2022-07-06
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How to figure gain on retirement of bond. Parent issues bond for 10M at 1.06. Sub buys 40% at 96.6. after 3 yrs step 1 - figure premium or discount for parent
Accounting
2022-07-06
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Parent NI 200,000. Sub NI 80,000. P\'s BP BV 212,000. Sub acquired for 199,000. During year, parent\'s interest expense was 22,000 and subs income of 21,000. What is consolidated NI
Accounting
2022-07-06
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Cash Flow Statement - financing activities
Accounting
2022-07-06
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Cash Flows Statement - Operating Activities
Accounting
2022-07-06
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Phelps Co. uses the sophisticated equity method to account for the 80% investment in its subsidiary Shore Corp
Accounting
2022-07-06
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Phelps Co. uses the sophisticated equity method to account for the 80% investment in its subsidiary Shore Corp
Accounting
2022-07-06
Answers
30
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40
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238
Phelps Co. uses the sophisticated equity method to account for the 80% investment in its subsidiary Shore Corp. At the time of the acquisition, the fair values of the net asset required approximated their book values. Based upon the following information, what is consolidated net income?
Accounting
2022-07-06
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Patti Corp. has several subsidiaries (Aeta, Beta, and Gaeta) that are included in its consolidated financial statements
Accounting
2022-07-06
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Emron Company owns a 100% interest in the common stock of the Dietz Company. On January 1, 20X2, Emron sold Dietz a fixed asset that Dietz will use over a 5-year period. The asset was sold at a $5,000 profit. In the consolidated statements, this profit will
Accounting
2022-07-06
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On January 1, 20X1 Bullock, Inc. sells land to its 80%-owned subsidiary, Humphrey Corporation, at a $20,000 gainThe land is sold by Humphrey to an outside party in 20X3. What is the effect of the intercompany sale of land on 20X1 consolidated net income?
Accounting
2022-07-06
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Williard Corporation regularly sells inventory items to its subsidiary, Petty, Inc. If unrealized profits iPetty\'s 20X1 year-end inventory exceed the unrealized profits in its 20X2 year-end inventory, 20X2 combined
Accounting
2022-07-06
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Perry, Inc. owns a 90% interest in Brown Corp. During 20X6, Brown sold $100,000 in merchandise to Perry at a 30% gross profit. Ten percent of the goods are unsold by Perry at year end. The noncontrolling interest will receive what gross profit as a result of these sales?
Accounting
2022-07-06
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