Intercompany Eliminations Introduction In addition to the basic elimination entries that are needed to eliminate the equity in subsidiary companies during consolidation‚ there are specific types of events that must also be eliminated. The intercompany transactions−such as sales of inventory or other assets‚ subsidiary stock transactions‚ or intercompany bond transactions−that require special attention during the consolidating process are overviewed in this module. Elimination Entries When
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Calaveras Vineyards Case The appropriate TBV equations to calculate the firm’s WACC and FCF are: * R(after tax‚ wacc) = (E0/V0)rE + (D0/V0)rD (1-T) * FCF = TCF – corporate tax savings from deductable interest expense or * FCF = -NCPFA + Debt interest payment – corporate tax savings from deductible interest expense Below are the calculations for Calaveras Vineyards: * V1/1/1994 = (2‚500)/1.126 + 357‚000/1.126^2 + 463‚000/1.126^3 + 590‚000/1.126^4 + 780‚000/1.126^5
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STATE BANK OF INDIA INTRODUCTION: The task of identifying a suitable company which will give maximum return on shareholder’s fund has been a major motivation for researching into State Bank of India (SBI). Analysis was carried out to give a detailed understanding of the company’s current performances and future potentials. Results have been discussed under three main sub-headings which include: the company’s profile‚ SWOT analysis and Management performance analysis. The final decision on the
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MEMO To: Smooth Sailing From: The consulting group Date: May 6‚ 2012 ------------------------------------------------- Subject: Recoverability/Impairment of cruise ship ------------------------------------------------- Facts: Smooth Sailing is a private company that operates one cruise ship. Smooth Sailing’s purchase of the cruise ship was financed with nonrecourse debt. The cruise ship has its own identifiable cash flows that are largely independent of the cash flows of other asset groups
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Does Corporate Social Responsibility Affect Firms’ Performance?1 Laura Poddi2 Sergio Vergalli3 July 28‚ 2008 Abstract In the last two decades in the OECD countries there have been a raising development of firms certified as Social Responsible (CSR is the acronym of Corporate Social Responsibility). This kind of certification is assigned by private companies that guarantee that the behaviour of a certain firms environmentally and sociologically correct. Some papers (among others Preston
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Intellectual capital-Tomorrow’s assets‚ today’s challenge Executive summary Abstract This report has the following objectives: Defining the intellectual capital; exploring how to change the tacit knowledge into intellectual knowledge; suggesting how to turn intellectual capital into revenue; highlighting the intellectual management in enterprises. With increasing emphasis on that intellectual property is the greatest asset‚ this report also investigates the ways to protect intellectual capital
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Food for Thought Allfoods Corp. (Allfoods) is a calendar year-end company. On February 1‚ 2009‚ Allfoods announced that it was acquiring 80 percent of the outstanding common stock of Baked Beans Corp. (Baked Beans) in a business combination. On the acquisition date‚ Allfoods paid $40 million in cash and issued two million shares of Allfoods common stock to the selling shareholders of Baked Beans. All of the outstanding stock options granted to employees of Baked Beans will be replaced with Allfoods
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2 Literature Review 2.1 Type of entry mode For the sake of expanding sales‚ acquiring resources and minimizing risks‚ domestic firms commenced to engage in international business‚ which contains many factors such as marketing objectives‚ strategic reasons‚ behavior motivations or economic rationales in the process (Peng‚ 2006). For domestic firms‚ foreign market is far different from their own countries’‚ thus it is vital for these firms to choose an appropriate mode to enter foreign market.
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Resource: Virtual Organizations Click the Virtual Organization link on the student website to access the Virtual Organizations. Select one of the Virtual Organizations as the basis for the assignment. - lets decide on this soon since Ms. Angela has to approve this selection. Obtain faculty approval of your selected organization before beginning the assignment. Access the information contained in your selected organization’s balance sheet and income statement to calculate the following:
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Consolidated Accounts Balance Sheet • Home Page» • Business & Economy» • Accounting Consolidated Accounts Balance Sheet C UNIT 3: CONSOLIDATED BALANCE SHEET Definition of a Group Under IAS 27 Consolidated and Separate Financial Statements‚ a group exists where one enterprise (the parent) controls‚ either directly or indirectly‚ another enterprise (the subsidiary). A group consists of a parent and its subsidiaries. Definition of Control Under IFRS 3 Business Combinations‚ control
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