An investor is considered to have substantial influence over an investee if they possess between 20% and 50% of the voting shares.
Equity accounting is used to record and account for equity investments made by a firm when it holds 20% or less of the voting shares of another company.
According to the number of shares it owns in the investee company, the investor records the investee's earnings in its accounts.
In other words, the initial investment grows in proportion to the earnings earned.
The investee is a subsidiary of the investor since it has the power to control influence if it holds more than 50% of the voting shares.
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The theater engagement plans (TEPs) provide frameworks within which combatant commands engage regional partners in cooperative military activities and development.
The activities of theater engagement plans or TEP aims to rectify a crisis’ cause before the circumstance requires a compulsive US military participation.
(1) c. Offers a negative-sounding apology
(2) c. Fails to offer a clear explanation
Explanation:
At the closing part of the letter, a negative sounding apology can demoralize the employees.
Hubert should have offered a well-informed explanation without sounding negative.
The letter can be re-written as follows:
Date: May 10
To: All Employees
From: Anne Leller Manager, Classic Car Restoration Inc.
Subject: Three Shelby Mustangs
You all have to work overtime next week because we must have the three 1965 Shelby Mustangs ready for Bruce Willis, one of our best clients.
We need to make sure to use all original engine parts and add a top-of-the-line clear coat on all three cars.
Additionally, the client purchased the original radios for each car, so we should install those too.
I apologize for any inconvenience, unfortunately, I am unwilling to make exceptions to this request at this point of time. However, you will surely receive an additional bonus for working overtime along with your salary.
Answer:
as a "Deferred Development Cost" on the Balance Sheet.
Explanation:
IAS 38.57 QUOTED
"Development costs are capitalised only after technical and commercial feasibility of the asset for sale or use have been established. This means that the entity must intend and be able to complete the intangible asset and either use it or sell it and be able to demonstrate how the asset will generate future economic benefits"
The cost is measured (500,000) has the intention and resources to complete the asset and is possible to bring into production so it is possible to capitalize it
The equivalent units of material is 2080, labor is 1560 and overhead is 1560.
What are equivalent units of materials, labor, and overhead ?
Equivalent units describe how important work has been done on a certain number of physical particulars.
To simply calculate Equivalent units, you can multiply the number of physical particulars by the chance of the work done on them. For two particulars that are 50 done, you would have one original unit ( 2 x 50 = 1).
Process going requires incompletely completed units in ending work- in- process force to be converted to the original completed units( called original units).
Equivalent units are calculated by multiplying the number of physical ( or factual) units on hand by the chance of completion of the units.
The whole unit is 2600,
and,
material = 80%, that is 2080
labor = 60%, that is 1560
overhead = 60%, that is 1560.
So, The equivalent units of material is 2080, labor is 1560 and overhead is 1560.
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