DF
Daniel Faggard
Answers (6)
DF
Answered
IFRS permits several methods to be used to determine the fair value of the non-controlling interest in a subsidiary at the acquisition date. Which of the following is NOT an appropriate method to determine the fair value of the non-controlling interest (NCI) ?
A) The NCI may be valued at the market value of the subsidiary's shares.
B) The NCI may be valued by determining the fair value of the business by means of an independent business valuation and then deducting the fair value of the controlling interest.
C) The NCI may be valued proportionately to the price paid by the parent for its controlling interest.
D) The NCI can't be valued objectively, so a nominal value of one dollar is assigned to the NCI.
A) The NCI may be valued at the market value of the subsidiary's shares.
B) The NCI may be valued by determining the fair value of the business by means of an independent business valuation and then deducting the fair value of the controlling interest.
C) The NCI may be valued proportionately to the price paid by the parent for its controlling interest.
D) The NCI can't be valued objectively, so a nominal value of one dollar is assigned to the NCI.
On Jul 11, 2024
D
DF
Answered
Arkin Corporation's total current assets are $290,000, its noncurrent assets are $520,000, its total current liabilities are $210,000, its long-term liabilities are $420,000, and its stockholders' equity is $180,000.Required: Compute the company's working capital. Show your work!
On Jul 08, 2024
Working capital = Current assets − Current liabilities = $290,000 − $210,000 = $80,000
DF
Answered
Identify which of the following meet the Article 3 negotiability requirement of being payable at a definite time:
(a) A note payable "on or before June 14, 2021."
(b) A dated instrument payable "30 days after date."
(c) An undated instrument payable "30 days after date."
(d) An instrument payable "when Baxter is promoted to plant manager."
(e) A note payable on December 31, subject to acceleration by the holder."
(f) A note granting the holder the option to extend maturity of the instrument for an indefinite period.
(a) A note payable "on or before June 14, 2021."
(b) A dated instrument payable "30 days after date."
(c) An undated instrument payable "30 days after date."
(d) An instrument payable "when Baxter is promoted to plant manager."
(e) A note payable on December 31, subject to acceleration by the holder."
(f) A note granting the holder the option to extend maturity of the instrument for an indefinite period.
On Jun 11, 2024
Illustrations (a), (b),
(e), and (f) are instruments payable at a definite time. In (a), the instrument is payable at a definite time since it is payable on or before a stated date. In (b), the instrument is payable at a definite time since its exact maturity date can be determined by simple math. In (c), the instrument is not payable at a definite time because the date of payment cannot be determined from the instrument's face. In (d), the instrument is payable only upon an event whose time of occurrence is uncertain, so it is not payable at a definite time. In
(e), an instrument payable at a fixed time subject to acceleration by the holder satisfies the requirement of being payable at a definite time. In (f), a provision in an instrument granting the holder an option to extend the maturity of the instrument for a definite or an indefinite period does not impair its negotiability.
(e), and (f) are instruments payable at a definite time. In (a), the instrument is payable at a definite time since it is payable on or before a stated date. In (b), the instrument is payable at a definite time since its exact maturity date can be determined by simple math. In (c), the instrument is not payable at a definite time because the date of payment cannot be determined from the instrument's face. In (d), the instrument is payable only upon an event whose time of occurrence is uncertain, so it is not payable at a definite time. In
(e), an instrument payable at a fixed time subject to acceleration by the holder satisfies the requirement of being payable at a definite time. In (f), a provision in an instrument granting the holder an option to extend the maturity of the instrument for a definite or an indefinite period does not impair its negotiability.
DF
Answered
Which statement is true?
A) One basis for monopoly is control over an essential resource.
B) All forms of a monopoly are illegal in the United States.
C) Economies of being established is the same as economies of scale.
D) General Motors is a monopoly.
A) One basis for monopoly is control over an essential resource.
B) All forms of a monopoly are illegal in the United States.
C) Economies of being established is the same as economies of scale.
D) General Motors is a monopoly.
On Jun 08, 2024
A
DF
Answered
The building blocks of financial statement analysis include (1)liquidity,(2)solvency,(3)profitability,and (4)market prospects.
On May 12, 2024
True
DF
Answered
Which of the following is the process of identifying, developing, and tracking key individuals so that they may eventually assume top-level positions?
A) target forecasting
B) predicted change
C) succession planning
D) replacement selection
A) target forecasting
B) predicted change
C) succession planning
D) replacement selection
On May 09, 2024
C