What is the effect of an investment increasing from 20% to 40% where there was significant influence upon the purchase of 20%?
Answer to relevant QuestionsWhat is the effect when a company that uses FIFO inventory costing acquires an affiliate that uses average costing for the same type of inventory? Ludowicz acquired 20% of the common shares of Sitar on January 1, 2012 for $22,000. At this date, all the identifiable assets and liabilities of Ludowicz were recorded at fair value. An analysis of the acquisition showed ...On January 1, 2011, Vairvais acquired 30% of the shares of Clarys for $60,000. At this date, the equity of Clarys consisted of: Share capital (100,000 shares) ......... $100,000 Cumulative other comprehensive income .... ...P6-9 Parent has one subsidiary, Subsidiary; one associate, Associate; and one joint venture, Joint Venture. Subsidiary has one associate, Sub-associate. Information about the companies for the year ended December 31, 2013, ...A company bought a machine for U.S. $50,000 on January 1, 2013. The machine is to be delivered in one week and is payable upon receipt of the machine. The company has not yet paid for the machine. It is now January 15, 2013, ...
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