At the end of its first year of operation, Acropolis SA has €850,000 ordinary shares and a net income of €120,000. The company will close its accounts by recording

Q: If CARDO Co purchases the net assets of SYANO Co by issuing 4,000 shares of their P10 par value…

A: Computation of the total assets at the date of acquisition:

Q: Hamilton Boats issued 175,000 shares of its no-par common stock to Sudoku Motors in exchange for…

A: Common stock  are the ordinary shares issued by a company to the public in return of share of…

Q: First Link Services granted 6 million of its $1 par common shares to executives, subject to…

A: 1. Compute total compensation cost pertaining to restricted shares as shown below:     Therefore,…

Q: On July 1, 2014, Mac Corporation, a new corporation, issued 20,000 shares of its common stock to…

A: The company may issue shares for cash or against non-cash assets. In case of non-cash assets…

Q: On July 1, 2018, Jones Corporation, a new corporation, issued 40,000 shares of its common stock to…

A: Journal: Recording of a business transactions in a chronological order.

Q: Bullant Inc. has decided to go public and has sold 2 million of its shares to its underwriter for…

A: Cost of issue = [ Price after listing - Price at which shares are sold to underwriters ] * Number of…

Q: Cory Company issued 120,000 shares of its P10 par ordinary to Fuzzy Inc. in lieu of a real estate…

A: Share Premium account will be credited with the difference between par value of share and issue…

Q: REQUIREMENTS: A. Consolidated Total Assets at the date of acquisition B. Consolidated Equity at the…

A: Calculation of Consolidate Total Asset at the date of Acquisition:

Q: Cory Company issued 120,000 shares of its P10 par ordinary to Fuzzy Inc. in lieu of a real estate…

A: Share premium Share premium is the additional premium amount which is collected by the entity to…

Q: Will Bhd closes its accounts on 31 December annually. On 2 January 2020, the company offered…

A: Oversubscription of shares refers to a situation where a company receives more number of…

Q: If CARDO Co purchases the net assets of SYANO Co by issuing 4,000 shares of their P10 par value…

A: Computation of Consolidated Total Equity at the date of Acquisition:

Q: Matthew Company issues 4,000 ordinary shares to its external lawyers for services related to  the…

A: Note:- Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Niles Company granted 9 million of its no par common shares to executives, subject to forfeiture if…

A: Total compensation cost = Fair market value of share x No. of share awarded…

Q: ,500,000 of

A: Income Statement: The requirement is to compute the total adjustment amount of events. The loss due…

Q: At the end of 2018, ABC Company has 18,000 shares, P 20 par ordinary shares that were all issued at…

A: The stockholders' equity refers to the amount that is attributable to the shareholders of the…

Q: Hamilton Boats issued 175,000 shares of its no par common stock to Sudoku Motors in exchange for…

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: On October 1, 2018, Branded Corporation exchanged 20,000 shares of its P 200 par value of Ordinary…

A: Lets understand the basics. When asset is purchased in exchange of shares then asset should be…

Q: 1. Calculate the normal tax consequences arising from the above distributions for Sehari (Pty) Ltd’s…

A: The tax slab rate as applicable is as follows: Taxable Income (R) Tax Rate R1 - R216,200 18%…

Q: Brian Baluya was a subscriber of Global Appliance Corporation for 300 ordinary shares at P150 par…

A: Since multiple subpart questions are asked , we will solve 1st sub 3 parts for you as per prescribed…

Q: Matthew Company issues 4,000 ordinary shares to its external lawyers for services related to  the…

A: Expense refers to the decrease in the asset value because it is used for generating the revenue or…

Q: First Link Services granted 8 million of its $1 par common shares to executives, subject to…

A: Total compensation cost pertaining to the restricted shares = 8,000,000 shares x $6…

Q: Chicken Wings Inc. purchased a new camper’s bubble pool machine on an installment basis because…

A: Here discuss about the details of the calculation of initial cost of the assets which are purchased…

Q: Vivienne Company owns 15,000 of the 100,000 ordinary shares of Rain Corporation. The investment is…

A: The calculation of cash dividend will be based on the number of eligible shares that are receivable…

Q: SafeData Corporation has the following account balances and respective fair values on June…

A: As you posted many sub parts in questions we are answering the First 3 sub parts only. Kindly repost…

Q: Smart Corporation owes a trade creditor $ 30,000 on open account which the corporation does not have…

A: Creditors are those accounts from whom business has made credit purchases on account.

Q: REQUIREMENTS: A. Consolidated Total Assets at the date of acquisition B. Consolidated Equity at the…

A: A. Calculation of Consolidate Total Asset at the date of Acquisition: Answer: Consolidated Total…

Q: What amount should be recorded as gain on fair value adjustment in the statement of profit or loss…

A: As Per Ind As (Indian Accounting Standard) and IAS(International Accounting Standard) 2 Inventories…

Q: A shareholder of Gawnunda Ltd currently holds 1,000 shares representing 1% of the total number of…

A: In a limited company, the liability of a shareholder is only restricted / Limited to the nominal…

Q: Eugene Company decided to issue 1,000 share options to an employee in lieu of many years' service.…

A:

Q: Seal Company is experiencing financial difficulty and is negotiating debt restructuring with its…

A: Share premium is the excess amount issued from the par value to the shareholders of the company. The…

Q: The ABC Corporation received subscription for 9,000 ordinary shares at P40/share, where P35 is the…

A: Here discuss about the details of the details of the receivable from the highest bidder which are…

Q: ndy Company owns 15,000 of the 100,000 ordinary shares of X Corporation. The investment is accounted…

A: Journal: Journal is considered as a book of original entry because all the transactions that have…

Q: MIRANA Co. owes P150,000 loan payable to RIKIMARU UNIVERSAL BANK as of June 30, 2014. RIKIMARU…

A: the issue of stock or share is the methodology where undertakings dispense new offers to the…

Q: What is the journal entry to record the delinquency sale of Brian Baluya? After the auction sale and…

A: Brian Baluya is a subscriber to 300 ordinary shares of P150 par value. However, he has failed to pay…

Q: On March 1, 2018, Plain, Inc. sold 40,000 shares of its P 30 par value Ordinary Share Capital on a…

A: Journal is the primary book of entry in accounting. It is the first book where a business…

Q: Sandy Company owns 15,000 of the 100,000 ordinary shares of X Corporation. The investment is…

A: Answer: If she opted to receive cash instead of share dividend, then she will receive deividend @…

Q: In January, Arbor Corporation, a paper company with annual sales of more than $2 billion and assets…

A: It is said that shareholders are owners of the company. It is therefore quite evident that the…

Q: Slytherin Services, Inc. granted 8 million of its $1 par common shares to executives subject to…

A: Given data: Number of shares granted to executives = 8 million Par value of share = $1 Market price…

Q: Crane Corporation has 2,000 shares of stock outstanding. It redeems 500 shares for $370,000 when it…

A: E & P (Earnings & Profits) : It is the corporation ability to pay the dividends to its…

Q: In 2021, a company issued 1,000,000 no-par value ordinary shares for P1.15 per share. The stated…

A: In case of shares with no-par value, whole of the consideration received shall not be available to…

Q: Please show all equations and work as needed. Make the correct answer clear. If possible, please…

A: As requested, I have typed the calculations for your convenience.The company sold 4 million of…

Q: Niles Company granted 42 million of its no par common shares to executives, subject to forfeiture if…

A:

Q: ABC Company is in financial difficulties and agreed to issue 20,000 of its P20 par value shares in…

A: Here discuss about the details of extinguishment of debt while incurred the equity swap to the loan…

Q: H. Tillman performed legal services for J. Laney. Due to a cash shortage, an agreement was reached…

A: The journal entries are prepared to keep the record of day to day transactions of the business.  The…

Q: If CARDO Co purchases the net assets of SYANO Co by issuing 4,000 shares of their P10 par value…

A: Calculation of Consolidate Total Asset at the date of Acquisition:

Q: JlguJIOn July 1, 2014, Polliwog Incorporated paid cash for 21,000 shares of Salamander Company's $10…

A: In the context of the given question, we shall take into consideration the consolidation of two…

Q: n 2021, wow company issued 1,000,000 no-par value ordinary shares for P1.15 per share. The stated…

A: Company means a form of business where the share holder invest money in business in form of shares…

Q: On October 1, 2018, Branded Corporation exchanged 20,000 shares of its P 200 par value of Ordinary…

A: Note:- Since you have asked multiple questions, we will solve the first question for you, if you…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.