Acquisition of legal subsidiary in bankruptcy According to the fact of this case‚ Parent Co. (Parent) wholly owns Poor Son Co. (Poor Son) as a legal subsidiary‚ and both of them all nonpublic companies. However‚ in January 2007 Poor Son filed a voluntary bankruptcy under Chapter 11 of the U.S. bankruptcy code because of its inability of meet obligations as they became due. Then‚ Parent claimed the loss of control of Poor Son and deconsolidated Poor Son from its financial statement. Through the
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The Motives for International Acquisitions: Capability Procurements‚ Strategic Considerations‚ and the Role of Ownership Structures Author(s): Shih-Fen S. Chen Reviewed work(s): Source: Journal of International Business Studies‚ Vol. 39‚ No. 3 (Apr. - May‚ 2008)‚ pp. 454471 Published by: Palgrave Macmillan Journals Stable URL: http://www.jstor.org/stable/25483277 . Accessed: 28/02/2013 12:46 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at .
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This paperwork - ACC 422 Week 3 Discussion Questions - consists of: DQ 1: What is the purpose of depreciation? Does the book value of a fixed asset (cost minus accumulated depreciation) communicate to a user what the asset is worth? Explain why or why not. Should the financial statements reflect the value of fixed assets? Explain why or why not. DQ 2: What is an intangible asset? Should all intangible assets be subject to amortization? Explain why or why not. Why are some
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This work of ACC 422 Week 4 Learning Team contains: Team Problems Prepare solutions to the following problems from the text: 1) Chapter 11: P11-10 (Comprehensive Depreciation Computations) Sheryl Crow Corporation‚ a manufacturer of steel products‚ began operations on October 1‚ 2006. The accounting department of Crow has started the fixed-asset and depreciation schedule presented on page 563. You have been asked to assist in completing this schedule. In addition to ascertaining
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Chapter 05 Consolidated Financial Statements - Intra-Entity Asset Transactions Multiple Choice Questions 1. On November 8‚ 2011‚ Power Corp. sold land to Wood Co.‚ its wholly owned subsidiary. The land cost $61‚500 and was sold to Wood for $89‚000. From the perspective of the combination‚ when is the gain on the sale of the land realized? A. Proportionately over a designated period of years. B. When Wood Co. sells the land to a third party. C. No gain can be recognized. D. As Wood
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Date: March 8‚ 2014 To: President‚ Tenth National Bank From: Lebisa Morales‚ Accountant Subject: Property‚ Plant‚ and Equipment: Determination of Costs Mr. President‚ In the case of the shopping mall acquired through foreclosure I have several points to make: Because the asset is not acquired for use‚ FASB 360-1-30-1 which states that “the historical cost of acquiring an asset includes the costs necessarily incurred to bring it to the condition and location necessary for its intended use”
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Case: America Online Inc.‚ Topic: Strategy Analysis Prior to 1995‚ AOL was so successful in the commercial online industry relative to its competitors CompuServe and Prodigy primarily because of its pricing rate structure which was the easiest for customers to understand and plan for ahead of time. CompuServe and Prodigy offered the same pricing as AOL for its standard service‚ but‚ charged additional fees for premium services and downloading which made it more difficult for customers
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Company value mean the amount of money is worth. How is the worth detected? And how you figure out how much a company is worth? One way is to add up all its asset (equipment‚ cash‚ stock‚ acc receivable‚etc). But that is not necessary what the company is worth‚ you can have inventory/stock and other asset that have a book value of $2mil but perhaps no one who want to pay that much to them‚ so the test of value is how much a buyer will pay and how much someone will pay is largely dependent by what
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The corporate sector all over the world is restructuring its operations through different types of consolidation strategies like mergers and acquisitions in order to face challenges posed by the new pattern of globalisation. The intensity of such operations is increasing with the de-regulation of various government policies as a facilitator of the neo-liberal economic regime. The intensity of cross-border operations recorded an unprecedented surge since the mid-1990s and the same trend continues
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ACCG 926 – Corporate Accounting Topic 1: Controlled entities – the th consolidation method lid ti th d Applying the consolidation method AASB 10 requires the application of the consolidation method th d Consolidation – process of preparing statements for group of entities under entities of financial of one of those Involves combining financial statements of individual entities to show financial position and performance of group Group – a parent and it’s subsidiaries
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