ordinary shares are presently trading on the stock exchange for $1.50. Westros Ltd also incurred legal fees of $2‚500. Required: Prepare the journal entries to record the purchase by Westros Ltd and the payment to Essos Ltd. Key numbers: Goodwill $175‚000 Question 2 – 10 marks Arryn Ltd‚ an Australian company‚ acquires all the issued shares of Greyjoy Inc‚ a company operating in the United
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CHAPTER 2 Nature and Formation of a Partnership E 2-1 a. Cash 400‚000 Alonzo‚ Capital 400‚000 b. Accounts Receivable 500‚000 Allowance for Uncollectible Accounts 50‚000 Alonzo‚ Capital 450‚000 c. Inventories 240‚000 Alonzo‚ Capital 240‚000 P300‚000 x 80% = P240‚000 d. Equipment 540‚000 Alonzo‚ Capital 540‚000 P900‚000 x 6/10 = P540‚000 E 2-2 1. Cash 450‚000 Accounts Receivable 180‚000 Merchandise Inventory 270‚000
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attack stroke‚ and heart disease at DOF. As a group‚ we were able to inform the group of men‚ with information that they would be able to think about and remember as they continue on with their lives. After DOF‚ we headed to Goodwill. As we spent time with the clients at Goodwill‚ I hanged out at one of the tables‚ where I spent some time looking at semi-truck photos with a client. It was nice spending some time with the client and getting to see the kind of photography he likes. The last part of clinical
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Stock Asset Value (a) Interest @ 6% on asset value Salary per annum for manager Total ( b ) Net Profit pa of business ( c ) [ E.E.P.] ( c ) - ( b ) E.E.P. x (24) months = Value = ( a + d ) (50‚000 + 200‚000) R15‚000 R60‚000 R75‚000 R180‚000 R105‚000 Goodwill ( d ) R210‚000 R460‚000 Page 1 R250‚000 Asset Value: Fixtures and fittings‚ plant and machinery‚ motor vehicles etc. that are unencumbered and any assets on lease or HP that have a value greater than the outstanding debt. Add the difference between
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Employment Difficulties for Adults with Disabilities Abstract: Today ’s economy is suffering greatly. Since the economy is doing so poorly‚ employment is hard to come by; this is especially true for people with disabilities. There are different barriers that a person with a disability will likely have to overcome. There is a variety of services people with various disabilities could use and would benefit greatly from. According to Franklin D. Roosevelt
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I. Adidas: SWOT Analysis A. Strengths * Distinguished Brand Name Adidas AG has been in the market for more than 60 years and is still renowned as one of the world’s biggest sports clothing and accessories provider. It’s a company that is known to provide high quality products and makes sure that their customers are comfortable with what they wear. And now‚ Adidas AG has been very popular that everyone in the world knows the three stripes company. * Customer Loyalty As the
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UNHCR has participated actively during the aftermath of the Second World War‚ during the Hungarian Revolution and so on. The UNHCR was created to protect these innocent lives and with the contribution from Angelina Jolie holding the title as the Goodwill Ambassador representing UNHCR‚ UNHCR would receive more attention due to Jolie’s fame and support. Angelina Jolie Angelina Jolie was born on June 4th‚ 1975 in Los Angeles‚ California. At a very young age‚ she studied at the
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Target Company Selection Process The target company we decided on for our financial analysis is General Electric. At first we were looking at Starbucks‚ as it is a rapidly growing multinational corporation‚ but after some research we discovered that the earnings per share growth of Starbucks is 40.2%. Therefore Starbucks did not meet the requirement set at 50% EPS growth to be considered a truly “rapidly growing company”. We then continued our research and were able to find that General Electric
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Advance Financial Accounting (FIN-611) VU LESSON # 1 ACCOUNTING FOR INCOMPLETE RECORDS 1. Introduction This topic is also known as Single Entry System of Accounting. In this chapter we will learn how an accountant prepares financial statements of those organizations which are not keeping up proper double entry book keeping system of accounting. From accounting system stand point‚ business organizations can be classified into three broad categories: 1.1 Small scale business entities These consist
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LCCI International Qualifications Book-keeping & Accounts Level 2 Model Answers Series 3 2009 (2007) For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk Book-keeping & Accounts Level 2 Series 3 2009 How to use this booklet Model Answers have been developed by EDI to offer additional information and guidance to Centres‚ teachers and candidates as they prepare for LCCI International Qualifications. The contents of this
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