Define group, subsidiary and what is controlling company.
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A: Please see Step 2 for required information.
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A: The question is based on the concept of Financial Accounting.
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A: The role of internal audit is to provide independent assurance that an organization’s risk managemen...
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A: Combined or consolidated financial statement refer to the financial statement of a parent company an...
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A: Variable-overhead spending variance $54,000 U Variable-overhead efficiency variance $42,000 U ...
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A: Dividend refers to that portion of the net income of the company which the company paid to its stock...
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A: Financial statements Financial statements are formal records of a company's, individual's, or other ...
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A: Individual transferable quotas (ITQs) It is an economics fisheries tool which allows individuals to...
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A: As per PFRS 16, Leases It applies to all type of leases including lease of ROU asset, except the fol...
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A: (a) Calculation of total sales value (CDs + DVDs)
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A: An internal auditor is a company employee who independently and objectively evaluates the organizati...
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A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with...
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A: The correct answer for the above mentioned question is given in the following steps for your referen...
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A: Often companies do not sell their own products directly. Instead they use third parties as salespers...
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A: Throwing out ruined supplies results in loss that eventually decreases the capital. This can be don...
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A: Break Even Point (Units) = Total Fixed Costs / Contribution Per Unit Break Even Point (Pesos) = Tota...
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A: The answer has been mentioned below.
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A: Accounting The recording of a financial transaction related to a business is known as accounting. Fi...
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A: Total revenue and expenditures are divided into operational and non-operating categories on a multi-...
Q: A man borrowed Php 8000 from RCBC and agreed to pay the loan at the end of 9 months. The bank discou...
A: Rate of interest = i/p(n) Discount rate = Discount/Principal*100
Q: 1) On March 31, 2008 Delhon Industries purchased a new plant for $1,500,000 for cash. Before complet...
A: Depreciation means the amount fixed assets written off due to normal wear and tear , normal usage , ...
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A: The question is based on the concept of Annuities and Future Value in Financial Management.
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A: Bank reconciliation: It implies to a reconciliation process whereby, the bank balance per company's ...
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A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc. ...
Q: A company just starting in business purchased three merchandise inventory items at the following pri...
A: Solution We are provided with the following information Sales = $ 270 Closing (Third purchase) = $ 8...
Q: Problem 1: The Justice Corporation is authorized to issue 500,000 shares of ordinary share capital w...
A: Solution A journal is a book in which transactions are recorded according to double entry system i.e...
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year roun...
A: We can calculate the contribution margin as follows Contribution margin = Seling Price - Variable ex...
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A: Depreciation is a process of reducing the carrying value of asset due to its normal usage. There are...
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A: The consideration represents the cost paid by the buyer in exchange for purchases. Here, the value b...
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A: A warranty refers to a written guarantee which is issued to a purchaser by the manufacturer of a pro...
Q: The following information is available for year 1 for Pepper Pr $6,160,000 Sales revenue (220,000 un...
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