Rip Ltd controls Curl Ltd, but is acting as an agent for Quik Ltd in relation to
Question:
Rip Ltd controls Curl Ltd, but is acting as an agent for Quik Ltd in relation to its dealings with Curl Ltd, would Rip Ltd be required to include Curl Ltd’s accounts within its consolidated financial statements?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
Rip Ltd would not be required to include Curl Ltds accounts within its consolidated financial statements Pursuant to AASB 10 a factor to consider in d...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
If A Ltd controls X Ltd, but is acting as an agent for B Ltd in relation to its dealings with X Ltd, would A Ltd be required to include X Ltds accounts within its consolidated financial statements?
-
We granted certiorari in this case to address an issue of first impression in Colorado regarding whether under [UCC] 1-201(b)(20) and [UCC] 3-302, C.R.S. (2007), Colorados codification of the...
-
The following additional information is relevant: 1. TrustHavens revenues include RM7 million of goods it sold acting as an agent for UpCT for which it earned a commission of 20% on these sales and...
-
Prepare the schedule of year-end deferred tax assets and liabilities for each year. The schedule should separately list the sources of the firms ending deferred tax assets and deferred tax...
-
Emil Skoda Company had the following adjusted trial balance. Instrauctions (a) Prepare closing entries at June 30, 2010. (For multiple debit/credit entries, list amounts from largest to smallest eg...
-
An employee has been promoted recently to a new position. It is now evident that he is not doing a good job, and the reason is just plain lack of capacity. Would you fire him, transfer him, demote...
-
The present value of an annuity ____________ if the payments are received at the beginning of the year.
-
Kitchenware, Inc., sells two types of water pitchers, plastic and glass. Plastic pitchers cost the company$15 and are sold for $30. Glass pitchers cost $24 and are sold for $45. All other costs are...
-
How does the Navy Working Capital Fund ( NWCF ) System operate?
-
The case description at the beginning of this chapter presented the situation of a new project leader, Mary Hendricks. Her company, Custom Apps Now, had just promoted her to be a project leader,...
-
What is the primary criterion for determining whether or not to consolidate an entity?
-
If there are non-controlling interests, will all of the goodwill of the subsidiary be recognised in the consolidated statements of financial position?
-
What are the various types of long-term debt?
-
Question: Divide.21r7-35r37r3r8-5r43r7-5r33r6-5r221r6-35r2 Divide. 2 1 r7 - 3 5 r3 7r 3r 8 - 5 r4 3 r7 - 5 r3 3 r6 - 5 r2 2 1 r6 - 3 5 r2 Divide. 21r7 - 35r 7r 38-54 3r7-53 3r6-52 216-3512
-
System of Equations: Value of a Value of b 9 a + 3 b = 3 0 8 a + 4 b = 2 8
-
An important practice is to check the validity of any data set that you analyze. One goal is to detect typos in the data, and another would be to detect faulty measurements. Recall that outliers are...
-
ve The re e Problem 3 Complete the following perpetual inventory form. Perpetual Inventory Total Product Name: Purchase Unit Size: Carried Forward: Date In Out 1/7 3 Balance 1/9 1/10 1/12 1/15 2 1 5...
-
the above date, Saloni was admitted in the partnership firm. Raman surrendered th 5 2 of his share and Rohit surrendered th 5 1 of his share in favour of Saloni. It was agreed that : (i) Plant and...
-
The comparative balance sheets for 2018 and 2017 and the income statement for 2018 are given below for Arduous Company. Additional information from Arduous's accounting records is provided also....
-
Discuss whether responsible human resources management should apply different standards for the home company and suppliers, for developed countries and developing countries, and for large companies...
-
An article in BusinessWeek described how Bob Olstein, a successful stock analyst, predicts that the prices of stocks issued by firms that engage in aggressive accounting practices will go down,...
-
As of January 3, 2010. The Washington Post Company held significant, but not controlling, interest in Bowater Mercy Paper Company and other companies. These investments totaled $54.7 million on the...
-
Loan officer Han Blackford once commented that cash flow analysis has risen in importance due to a trend over the past twenty yeas toward capitalizing and deferring more and more expenses. Although...
-
Domino is 4 0 years old and is married out of community of property with the exclusion of the accrual system to Dolly ( 3 5 ) . They have one child, Domonique, who is 1 1 years old. Domino resigned...
-
YOU ARE CREATING AN INVESTMENT POLICY STATEMENT FOR JANE DOE General: 60 years old, 3 grown children that are living on their own and supporting themselves. She is in a very low tax rate so we don't...
-
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...
Study smarter with the SolutionInn App