The answer is D. Click on the star or favorites icon.
Amount of the initial investment to find the increase expressed as a rate. For example, to figure how long it takes $16,000 to grow to $24,000, divide $24,000 by $16,000 to get 1.5.
Answer:
Incorrect
Explanation:
The Bard company has paid millions of dollar of consideration and requires that the Philip Conway Inc. would transfer the ownership of the RM Corporation to Bard. The court dismissed the case and said that the subsidiary is the property of Bard now because their was a flow of consideration from the part of Bard.
Answer:
Sum of Entries for the First Year
Land $ 276,000 (debit)
Cash $225,000 (debit)
Equity $501,000 (credit)
Explanation:
Jan 1
Cash $225,000 (debit)
Equity $225,000 (credit)
<em>5,000 × $45 per share = $225,000</em>
Dec 1
Land $ 276,000 (debit)
Equity $ 276,000 (credit)
<em>6,000 shares × $46 each = $ 276,000</em>
<em>Land is Initially Recognised at Cost in terms of IFRS (IAS 16)</em>
Sum of Entries for the First Year
Land $ 276,000 (debit)
Cash $225,000 (debit)
Equity $501,000 (credit)
The answer is To give a sense of luxury