6. Financial accounting. Please help to answer ASAP within an hour. Thank you very much.

6. What are the 3 elements used to calculate the amount of the provision for removal, dismantling, restoration or reforestation.

Answer:

7.. BEVERAGES AND JUS DHOCHELAGA INC. has two lines of business with different risks and rewards. This is the fresh juice and soft drink sector. As of December 1, 2035, the accounting criteria of IFRS 5 are met for the company to consider the sale of this sector as a discontinued activity. The corporate tax rate is 30%. Here is the financial information related to the soft drink sector:

Soft Drink Sector (Statement of Financial Position) 2035-12-31

Current assets $150,000

Long-term investments $350,000

Tangible capital assets $2,500,000

Intangible assets $1,200,000

Goodwill $300,000

Current debts ($100,000)

Non-current debts ($3,000,000)

Net book value $1,400,000

Fair value $900,000

Costs related to the sale $50,000

Soft Drink Sector (RN State Elements) 2035-12-31

Turnover $700,000

Cost of sales ($600,000)

Gross profit margin $100,000

Selling and administrative expenses $125,000

Financial charges $25,000

Earnings before tax ($50,000)

Income taxes ($15,000)

Net income ($35,000)

Calculate the amount of net loss from discontinued operations related to impairment of the soft drink business to be presented in the statement of profit or loss for the year ending December 31, 2035.

Answer:

Detail of the calculation	Result	Book value
net realizable value
pre-tax impairment loss
taxes
net worth loss

8. In 2053, the ONE MOON company (joint-stock company) had a large cash flow. On January 1, 2054, it purchased 30,000 AB bonds with a face value of $700, bearing 5% annual interest payable each December 31, until the maturity date of December 31, 2056. The rate of effective interest on these bonds was 7% on January 1, 2054, 6% on December 31, 2054 and 4% on December 31, 2055. Assuming that ONE MOON has classified this bond investment at amortized cost, calculate the amount to be recognized as financial income-Interest at the end of the first year (December 31, 2054).

Answer:

FV
N
I/Y
PMT
Issue Price
Financial Product-Interest

9. Using the data from statement #8, calculate the book value of the bond investment as of December 31, 2055.

Answer:

FV
I/Y
PMT
N (as of December 31, 2055)
Book value as of December 31, 2055

10. Let's take the data from statement # 8 again. Assuming that this investment is classified at FVTPL, calculate the profit or loss relating to the sale of 50% of the bonds of the ONE MOON company on March 31, 2055 at a unit price of $712.50.

Answer:

	Detail of Calculation	Result
Selling price
book value
profit on sale