Question: Please help me to solve this 2 exercises On 1 January 2018 the Cruise Company acquired 70% of the 20,000 2 Ordinary shares in mer

Please help me to solve this 2 exercises

On 1 January 2018 the Cruise Company acquired 70% of the 20,000 2 Ordinary shares in mer Company for 5 per share in cash and gained control. Assume that the non- CruiseKilmer Non-current assets 90.000,00 20.000,00 Net current assets Net assets 18.000,00 28.000,00 150.000,00 48.000,00 Share capital 124.000,00 40.000,00 Retained earnings26.000,00 8.000,00 150.000,00 48.000,00 What amount of goodwill and non-controlling interest should the Cruise Company recognize in the consolidated balance sheet at the date of acquisition? 4. Considering the following information, for last year, concerning two different businesses operating in the same industry, make some comments about profitability and efficiency and the relationship between them. E millions) EBIT Potter Granger 40 200 400 30 150 600 Average long-term capital employed (assets) Sales Revenue

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Question 1. [30 marks] On 1 January 2016 Port Louis Ltd. acquired 75% of the ordinary shares in St. Croix Ltd. and 350,000 ordinary shares in Abercrombie Ltd. As at 30 June 2016 the accountant at...

Iam not able find the answer for Question no. 4 and question no. 3 ACC210 Major Assignment (Task 2) Semester (Trimester) 2 - 2017 Word count: approximately 1,500 words Weighting: 30% This assignment...

Hi, I need help answering these questions. The file is attached below. ACCT 20002 INTERMEDIATE FINANCIAL ACCOUNTING -TUTORIAL IN-CLASS EXERCISES TOPIC: ACCOUNTING FOR PPE: RECOGNITION & MEASUREMENT,...

Textbook Financial Accounting (3rd edition), by Faul, Everingham, Redelinghuys & Van Vuuren (Butterworth). Twala Ltd. was incorporated on 1 January 2007 with an authorized capital of 200 000 ordinary...

please help a. b. c. d. a 5 36. On January 1, 2017, Hammond Corporation purchased 2,000 shares of Jensen Corporation for $60 per share. During the year, $500 cash dividend is received from the Jensen...

Question 2 a) Young plc owns a number of subsidiary companies. During the year Young ple has undertaken the following transactions which have not yet been accounted for in full (1) On 1 July 2018...

Question 7 (a) On 1 January 2018, Magnum acquired 75% of the equity share capital of Picaccio in a share exchange in which Magnum paid an immediate RM3.50 per share in cash and agreed to pay a...

Critically analyze and answer. Banking during the Great Recession. During the Great Recession of 2008-2009, US commercial banks grew nervous about the economic outlook, in particular borrowers'...

Question 7 (a) On 1 January 2018, Magnum acquired 75% of the equity share capital of Picaccio in a share exchange in which Magnum paid an immediate RM3.50 per share in cash and agreed to pay a...

As we noted, because of the regression identity, we can express the coefficient of determination in terms of the total sum of squares and the error sum of squares as r2 = 1 SSE/SST. a. Explain why...

Joe Schmaltz has carried on a retail business for about 20 years. He intends to transfer the business assets and liabilities to a corporation, Schmaltz Enterprises Ltd. (SEL), in which he will own...

Here is the full text for Question 3 7 from your image:Question 3 7 A retail corporation has $ 2 2 0 , 0 0 0 of Accumulated Earnings And Profits ( E&P ) at the end of the tax year of 2 0 2 3 . During...

Question 3 ( 2 points ) Why did the cattle industry experience tremendous growthin the late nineteenth century? Ranchers were able to exploit black and Mexican cowhands. Foreign cattle producers...

If scientific management was the diabolical scheme that some considered it to be, why was it so widely adopted in the early part of the twentieth century?

Reduce the parallel discussion of the job organization system and the cooperative motivation system to a single statement that reflects the greatest single difference between the two approaches.

Identify and describe the fundamental difference between legalistic management and humanistic management. Describe several indicators that can be used to distinguish one from the other.