How is the consideration transferred calculated?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
IFRS 3para37 states that the consideration transferred shal...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Applying International Financial Reporting Standards
ISBN: 978-0730302124
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
Question Posted:
Students also viewed these Accounting questions
-
1. Which of the following does not represent a primary motivation for business combinations? a. Combinations as a vehicle for achieving rapid growth and competitiveness. b. Cost savings through...
-
Multiple Choice Questions 1. FASB ASC 805, Business Combinations, provides principles for allocating the fair value of an acquired business. When the collective fair values of the separately...
-
What is a reverse acquisition? How should the consideration transferred in a reverse acquisition be measured?
-
Claud Chapperon is a self-employed distributor of wholesale clothing who began trading on 1 July 2012. His summarised accounts for the year to 30 June 2020 are shown below. The figures in brackets...
-
Insurance companies and pension plans hold large quantities of bond investments. Brighton Insurance Corp. purchased $2,300,000 of 10.0% bonds of Scanlon, Inc., for 114 on January 1, 2012. These bonds...
-
Community satisfaction and owner wealth Identify how an organization might LO 1 learn about how community satisfaction with the organization might translate into increased owner wealth.
-
Despite its name, prime rib does not have to come from prime grade beef. Contact your local butcher or meat purveyor to identify exactly which ribs are contained in prime rib. Check this...
-
The weekly demand for a product is believed to be normally distributed. Use a goodness of fit test and the following data to test this assumption. Use = .10. The sample mean is 24.5 and the sample...
-
Compare and contrast between long-term and short-term funds used by a company for its operations. Provide an example of each.
-
Assume that Whitman charges customers $ 9 per garment for dry cleaning Prepare Whitman's projected income statement if 4 comma 220 garments are cleaned in March First, prepare the income statement...
-
Explain the key steps in the acquisition method.
-
If an acquiree liquidates, what are the key accounts raised by the acquiree and what accounts are transferred to these accounts?
-
Why is it necessary to make an adjustment for supplies used?
-
1. Consider the following economy: C = 3, I = 1.5, G = 2.65, T = 2, f = 0.5, d = 0.1, a = 0.8 a) Write the mathematical expression of the consumption function b) Write the mathematical expression of...
-
Question 2 (Financial statement Analysis) Following is a comparative statement of financial position for Sam's Company: Sam's Company Comparative Statement of Financial Position December 31, 2020 and...
-
Q4. Johnny's Burger is a family-run fast food joint. In addition to its famous hamburger, Johnny's Burger has just launched a new "Organic Beef burger. The owner, Johnny, would like to know if his...
-
Compute ScholarPak's break-even point in sales dollars for the year. 2. Compute the number of sales units required to earn a net income of $540,000 during the year. 3. ScholarPak's variable...
-
41-44 Find fogoh. 41. f(x)=3x-2, g(x) = sin x, 42. f(x)=|x4|, g(x) = 2, 43. f(x)=x-3, g(x) = x, h(x) = x h(x) = x h(x) = x + 2 44. f(x) = tan x, g(x) == X x-1' h(x) = x
-
Which of the following are observed general properties of solids? (a) Fixed volume (b) Noncrystalline structure (c) Do not expand (d) Alloys mix by diffusion.
-
What are the key elements of a system investigation report?
-
The following are several independent events: 1. A partnership is preparing to become a corporation and sell stock to the public. At this time, it is decided to switch from accelerated to...
-
At the beginning of 2008 the Brett Company decided to change from the FIFO to the average cost inventory cost flow assumption for financial reporting purposes. The following data are available in...
-
The Berg Company began operations on January 1, 2007 and uses the FIFO method in costing its raw material inventory. During 2008 management is contemplating a change to the LIFO method and is...
-
Your company BMG Inc. has to liquidate some equipment that is being replaced. The originally cost of the equipment is $120,000. The firm has deprecated 65% of the original cost. The salvage value of...
-
1. What are the steps that the company has to do in time of merger transaction? And What are the obstacle that may lead to merger failure? 2.What are the Exceptions to not to consolidate the...
-
Problem 12-22 Net Present Value Analysis [LO12-2] The Sweetwater Candy Company would like to buy a new machine that would automatically "dip" chocolates. The dipping operation currently is done...
Study smarter with the SolutionInn App