How much is the consolidated total assets?
Q: Define total assets turnover ratio
A: Financial ratio analysis is one of the tools of financial analysis of a firm. It represents the…
Q: What is the Total·assets·turnover ratio?
A: Ratio Analysis: The process of analyzing financial ratios and comparing its degree of performance…
Q: Define assets and types of assets.
A: Assets: An asset is a resource controlled by the enterprise as a result of past events and from…
Q: What is the Total noncurrent assets?
A: Required What is the Total noncurrent assets
Q: Compute for the consolidated net income.
A: Calculation of Consolidated Net Income to be shown in Consolidated Financial Statements of Quail…
Q: Explain rate of return on total assets.
A: Accounting Ratio: It refers to a number expressed in terms of another to establish relationship…
Q: compute for the consolidated asset
A: Non Controlling interest will be enthusiasm for an organization whereby the organization claims…
Q: What is return on assets(roa)?
A: In general terms, ROA is similar to Return on Investment.
Q: What are the two common categories of long-lived assets? Describe each.
A: Long lived assets are those assets that a business retains for long periods of time for use in the…
Q: Define Current assets
A: Introduction: Assets are the properties acquired and managed by business as a result of past events…
Q: What does the Total-Assets-Turnover Ratio measure?
A: The asset turnover ratio computes the value of the benefits or income of an organization comparative…
Q: Describe classifications of long term assets.
A: Long-term assets: Long – term assets are those assets that are generally held by a company for more…
Q: Define the term Total-Assets-Turnover Ratio?
A:
Q: Define asset management ratios
A: Asset management ratio: It ascertains the estimation of the sales or revenues of an organization…
Q: What are consolidated financial statements.
A: When a company has subsidiaries or divisions, they might be required to prepare a consolidated…
Q: Define return on total assets.
A: Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities,…
Q: In what way do current assets and fixed assets differ from each other?
A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…
Q: What is the correct total asset turnover ratio
A: Introduction:- Ratio analysis is used to identify financial performance of the company. Financial…
Q: What are the Required disclosures about each major class of capital assets?
A: Capital asset refers to the assets with a longer useful life i.e. more than a year and is not…
Q: What does the rate of return on total assets measure, and how is it calculated?
A:
Q: What are the various current assets? Name them.
A: Current assets are assets which are expected to be realised or converted to cash within one year…
Q: Define Asset turnover ratio.
A: Definition: Asset turnover: This ratio analyzes the number of times sales or revenue generated…
Q: What are the four major accounts that a current assets include?
A: Current assets are assets which are readily realizable or going to be realized within one year from…
Q: What is the Total assets?
A: Computation of Adjusted Assets Particulars Revised…
Q: what is the group or composite life of the assets?
A: 1. Composite rate = ( Total Depreciation per year / Total Cost ) x 100 2. Composite life = Total…
Q: Determine the Total Assets value
A: Assets show the company's balance and the valuable resource controlled by the company. Assets can be…
Q: Explain the accounting for gain and loss contingencies.
A: Contingencies: Contingency is a situation where the outcome becomes uncertain and is resolved in…
Q: What is operating current assets?
A: Operating current assets are those short-term assets used to support the operations of a business.…
Q: What does the term consolidated financial statements mean?
A: Financial statements: Financial statements are condensed summary of transactions communicated in the…
Q: Describe the two criteria for determining the valuation of financial assets.
A:
Q: s included in the computation of the consolidated balance of assets
A: First option is wrong because the fair value of goodwill in the books of the acquiree need not be…
Q: WHAT IS TOTAL CURRENT ASSETS?
A: The current assets are the assets that can bw converted into cash within one year.
Q: how the returns on assets co-move?
A: Convergence means the movement of price of future contract towards spot price. The two price must…
Q: Return on Total Assets
A: Return on Investment: Return on Investment is a measure of how well the company is performing using…
Q: What are the classifications of financial assets in accordance with PFRS 9?
A: PFRS : It stands for Philippines Financial Reporting Standard which is fully converged with IFRS.…
Q: compute for the consolidate total asset
A: Assets are the tangible or intangible items owned by the firm or individual. It is calculated by…
Q: What is Total assets ?
A: Assets are all kinds of resources owned by a person, company, or organization that help to generate…
Q: Define revenue-producing assets.
A: Current assets: The assets which could be converted into cash within one year like accounts…
Q: What is the total loss on realization of noncash assets?
A: Noncash assets are assets that would not be easily converted into cash by the company.
Q: compare ordinary assets from capital assets
A: Ordinary Assets:- A per tax code Ordinary Assets are the assets which are held by the tax payer for…
Q: what the meaning of current assets ratio?
A: Assets are the rights and resources being held by the business. Assets that are either in cash or…
Q: Total Assets value?
A: Total assets is the value of the assets which company is having at a particular date which company…
Q: What is the relationship between current assets and currentliabilities?
A: Current assets: The assets which could be converted into cash within one year like accounts…
Q: What is Total-Assets-Turnover Ratio?
A: The asset turnover ratio computes the value of the benefits or income of an organization comparative…
Q: Compute for the consolidated net income.
A:
How much is the consolidated total assets?
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- Reuniclus Company acquired 55% of the outstanding common stock of Vanillite Company on August 1, 2019 at a total cost of P5,005,000. At acquisition date, Vanillite 's common stock and retained earnings amounted to P200,000 and P4,800,000, respectively. All of Vanillite 's assets and liabilities had fair values equal to book values as of the acquisition date except for patents which had a fair value of P1,800,000.and a book value of P400,000. Reuniclus had an inventory with a fair value of P800,000 and a carrying amount of P700,000. All inventories was sold at the end of the year. The patents have a remaining life of five years. For 2019, Vanillite had a net income of P1,600,000, incurred evenly and Reuniclus had a net income of P2,000,000.Compute the net income attributable to the non-controlling interest? A. P202,500 B. P247,500 C. Answer not given D. P549,000 E. P594,000On January 1, 2021, Gooch Company acquires 80% of the outstanding common stock of House Inc., for a purchase price of $12,400,000. It was determined that the fair value of the noncontrolling interest in the subsidiary is $3,100,000. The book value of the House’s stockholders’ equity on the date of acquisition is $10,000,000 and its fair value of identifiable net assets is $10,850,000. The acquisition-date acquisition accounting premium (AAP) is allocated $600,000 to equipment with a remaining useful life of 10 years, and $250,000 to a patent with a remaining useful life of 5 years.What is the acquisition accounting premium (AAP)? Select one: A. $5,500,000 B. $4,400,000 C. $4,650,000 D. $2,400,000On January 1, 2021, Gooch Company acquires 80% of the outstanding common stock of House Inc., for a purchase price of $12,400,000. It was determined that the fair value of the noncontrolling interest in the subsidiary is $3,100,000. The book value of the House’s stockholders’ equity on the date of acquisition is $10,000,000 and its fair value of identifiable net assets is $10,850,000. The acquisition-date acquisition accounting premium (AAP) is allocated $600,000 to equipment with a remaining useful life of 10 years, and $250,000 to a patent with a remaining useful life of 5 years.Determine the total goodwill to be recognized at acquisition date. Select one: A. $ 4,650,000 B. $ 4,400,000 C. $-0- D. $23,400,000
- On January 1, 2021, April Company purchased 40% of the outstanding shares of another entity for P5,000,000 when the net assets of the investee amounted to P10,000,000. At acquisition date, the carrying amount of the identifiable assets and liabilities of the investee were equal to their fair values, except for equipment for which the fair value was P2,000,000 greater than its carrying amount and inventory whose fair value was P1,000,000 greater than its cost. The equipment has a remaining life of 4 years and the inventory was all sod during 2021. The investee reported net income of P6,000,000 for 2021 and paid no dividends during 2021. What is the maximum amount which could be included in April Company’s income before tax to reflect April’s equity in earnings of the investee?On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The fair value of the non-controlling interest at the date was determined to be P40,000. Data from the balance sheets of the two companies included the following accounts as of the date of acquisition: On the date of the business combination, the book values of Vaxx Corp’s net assets and liabilities approximated fair value except for inventory, which has a fair value of P45,000, and land, which had a fair value of P60,000. (using full goodwill approach). Pfizer Corporation Vaxx Corporation Cash 60,000 20,000 Accounts receivable 80,000 30,000 Inventory 90,000 40,000 Land 100,000 40,000 Buildings and equipment 200,000 150,000 Less: Accumulated depreciation (80,000) (50,000) Investment in Vaxx Corp. stock 160,000 - Total Assets 610,000 230,000 Accounts payable 110,000 30,000 Bonds…On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The fair value of the non-controlling interest at the date was determined to be P40,000. Data from the balance sheets of the two companies included the following accounts as of the date of acquisition: On the date of the business combination, the book values of Vaxx Corp’s net assets and liabilities approximated fair value except for inventory, which has a fair value of P45,000, and land, which had a fair value of P60,000. (using full goodwill approach). Pfizer Corporation Vaxx Corporation Cash 60,000 20,000 Accounts receivable 80,000 30,000 Inventory 90,000 40,000 Land 100,000 40,000 Buildings and equipment 200,000 150,000 Less: Accumulated depreciation (80,000) (50,000) Investment in Vaxx Corp. stock 160,000 - Total Assets 610,000 230,000 Accounts payable 110,000 30,000 Bonds…
- On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The fair value of the non-controlling interest at the date was determined to be P40,000. Data from the balance sheets of the two companies included the following accounts as of the date of acquisition: On the date of the business combination, the book values of Vaxx Corp’s net assets and liabilities approximated fair value except for inventory, which has a fair value of P45,000, and land, which had a fair value of P60,000. (using full goodwill approach). Pfizer Corporation Vaxx Corporation Cash 60,000 20,000 Accounts receivable 80,000 30,000 Inventory 90,000 40,000 Land 100,000 40,000 Buildings and equipment 200,000 150,000 Less: Accumulated depreciation (80,000) (50,000) Investment in Vaxx Corp. stock 160,000 - Total Assets 610,000 230,000 Accounts payable 110,000 30,000 Bonds…On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The fair value of the non-controlling interest at the date was determined to be P40,000. Data from the balance sheets of the two companies included the following accounts as of the date of acquisition: On the date of the business combination, the book values of Vaxx Corp’s net assets and liabilities approximated fair value except for inventory, which has a fair value of P45,000, and land, which had a fair value of P60,000. (using full goodwill approach). Pfizer Corporation Vaxx Corporation Cash 60,000 20,000 Accounts receivable 80,000 30,000 Inventory 90,000 40,000 Land 100,000 40,000 Buildings and equipment 200,000 150,000 Less: Accumulated depreciation (80,000) (50,000) Investment in Vaxx Corp. stock 160,000 - Total Assets 610,000 230,000 Accounts payable 110,000 30,000 Bonds…On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The fair value of the non-controlling interest at the date was determined to be P40,000. Data from the balance sheets of the two companies included the following accounts as of the date of acquisition: On the date of the business combination, the book values of Vaxx Corp’s net assets and liabilities approximated fair value except for inventory, which has a fair value of P45,000, and land, which had a fair value of P60,000. (using full goodwill approach). Pfizer Corporation Vaxx Corporation Cash 60,000 20,000 Accounts receivable 80,000 30,000 Inventory 90,000 40,000 Land 100,000 40,000 Buildings and equipment 200,000 150,000 Less: Accumulated depreciation -80,000 -50,000 Investment in Vaxx Corp. stock 160,000 - Total Assets 610,000 230,000 Accounts payable 110,000 30,000 Bonds payable 95,000 40,000…
- On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The fair value of the non-controlling interest at the date was determined to be P40,000. Data from the balance sheets of the two companies included the following accounts as of the date of acquisition: On the date of the business combination, the book values of Vaxx Corp’s net assets and liabilities approximated fair value except for inventory, which has a fair value of P45,000, and land, which had a fair value of P60,000. (using full goodwill approach). Pfizer Corporation Vaxx Corporation Cash 60,000 20,000 Accounts receivable 80,000 30,000 Inventory 90,000 40,000 Land 100,000 40,000 Buildings and equipment 200,000 150,000 Less: Accumulated depreciation (80,000) (50,000) Investment in Vaxx Corp. stock 160,000 - Total Assets 610,000 230,000 Accounts payable 110,000 30,000 Bonds…On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The fair value of the non-controlling interest at the date was determined to be P40,000. Data from the balance sheets of the two companies included the following accounts as of the date of acquisition: On the date of the business combination, the book values of Vaxx Corp’s net assets and liabilities approximated fair value except for inventory, which has a fair value of P45,000, and land, which had a fair value of P60,000. (using full goodwill approach). Pfizer Corporation Vaxx Corporation Cash 60,000 20,000 Accounts receivable 80,000 30,000 Inventory 90,000 40,000 Land 100,000 40,000 Buildings and equipment 200,000 150,000 Less: Accumulated depreciation (80,000) (50,000) Investment in Vaxx Corp. stock 160,000 - Total Assets 610,000 230,000 Accounts payable 110,000 30,000 Bonds…On January 1, 2020, Pfizer Corp. acquired 80% of Vaxx Corp.’s common stock for P160,000 cash. The fair value of the non-controlling interest at the date was determined to be P40,000. Data from the balance sheets of the two companies included the following accounts as of the date of acquisition: On the date of the business combination, the book values of Vaxx Corp’s net assets and liabilities approximated fair value except for inventory, which has a fair value of P45,000, and land, which had a fair value of P60,000. (using full goodwill approach). Pfizer Corporation Vaxx Corporation Cash 60,000 20,000 Accounts receivable 80,000 30,000 Inventory 90,000 40,000 Land 100,000 40,000 Buildings and equipment 200,000 150,000 Less: Accumulated depreciation (80,000) (50,000) Investment in Vaxx Corp. stock 160,000 - Total Assets 610,000 230,000 Accounts payable 110,000 30,000 Bonds…