this investment? A. $24,000. B. $75,000. C. $99,000. D. $51,000. E. $80,000. 3. On January 1, 2013, Pacer Company paid $1,920,000 for 60,000 shares of Lennon Co.'s voting common stock which represents a 45% investment. No allocation to goodwill or other specific account was made. Significant influence over Lennon was achieved by this acquisition. Lennon distributed a dividend of $2.50 per share during 2013 and reported net income of $670,000. What was the balance in the Investment in Lennon
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Overview the Acquisition of Virginia Mines Inc. Osisko is a Canada-based intermediate mining royalty and exploration public company traded on the Toronto Stock Exchange. They acquired Virginia Mines Inc. with an acquisition date of February 17, 2015 by acquired all of the outstanding common shares of Virginia and issued a total of 29,964,240 common shares to Virginia shareholders (share exchange method). This acquisition diversifies the portfolio of assets in low geopolitical risk locations and
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Author’s Name: Instructor: Course: Date: Executive Summary Evaluating investments risks’ and potential return is crucial for investors’ as a way of establishing the expected return for their portfolios. In that respect, the analysis has used the Darden Case on American Greetings and the analysis on the Company as an investment has been done with use of DCF model that uses the present value of the expected future cash-flows. In addition, the analysis has been done using the future cash-flows
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Business KapStone Paper and Packaging Corporation was formed in Delaware as a special purpose acquisition corporation on April 15, 2005 to establish operating business in the paper, packaging, forest products and related industries. The Company operates in one segment, the integrated manufacture and sale of containerboard, corrugated products, and specialty paper for industrial and consumer markets. The Company has been actively and continued to be engaged in evaluating a number of potential acquisition
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BAC 3684: ACCOUNTING THEORY LECTURER’S NAME: PROF PREM LAL JOSHI GROUP MEMBER’S STUDENT | STUDENT ID | DARREN TEH WE LOON | 1102702654 | CHEE YEN MUN | 1102700429 | CHANDRAPRIYA D/O GOPALACHANDRAN | 1101110492 | GAYATHIRY ULAKANATHAN | 1101110649 | a) In your opinion, why do standard setters require measurement methods other than traditional historical cost accounting? Accounting should be the most straightforward of topics
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applied each year to the undepreciated cost of the asset. The most commonly used rate is double the straight-line rate. goodwill The present value of expected future earnings of a business in excess of the earnings normally realized in the industry. Recorded when a business entity is purchased at a price in excess of the fair value of its net identifiable assets (excluding goodwill) less liabilities. half-year convention The practice of taking six months’
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Framework, The | 1.06 | Globalisation of financial markets | 1.06 | Financial markets, Globalisation of | 1.06 | Technological Innovation | 1.06 | Financial Innovation | 1.07 | Reduction of Barriers to Capital Flows | 1.07 | Convergence of GAAP | 1.07 | GAAP, Convergence of | 1.07 | Role of a framework of accounting | 1.07 | Framework of Accounting, Role of a | 1.07 | Positive Theories | 1.07 | Descriptive Theories | 1.07 | Normative Theories | 1.08 | Prescriptive Theories
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Disclaimer This PDF is a section of the Unilever Annual Report & Accounts and Form 20-F 2003 provided to Unilever's shareholders. It does not contain sufficient information to allow a full understanding of the results of the Unilever Group and the state of affairs of Unilever N.V., Unilever PLC or the Unilever Group. For further information the Unilever Annual Report & Accounts and Form 20-F 2003 should be consulted. Certain sections of the Unilever Annual Report & Accounts and Form 20-F 2003
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| Ruckman, Inc.: Converting from U.S. GAAP to IFRS | ACTG 4240 – Assignment #4 | | Fannie Fang, Yingqi Gu, Ya Wang | 1/24/2013 | | Ruckman Part I Solutions Page 1. For each of the 16 items listed below, briefly describe the difference in GAAP treatment and IFRS treatment. Just start with this form and type in your responses in the appropriate cells. You don’t need to give too much detail, just enough so your client can tell the difference. 2. In the “Needed to Convert
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Horizontal analysis is an approach used by potential investors who want to examine the trend in profitability of a specific company. Investors could look at items such as sales and see a rise or decline but most prefer to look deeper into the company, as horizontal analysis is “only a first indication of the financial position of the company” (Hann, P. 2011). Because of this, vertical analysis is often required as more evidence to back up these claims. Generally the first item looked at on the Horizontal
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