Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

On 1 July 2018 Kerry Ltd acquired a 30% interest in Ken Ltd for consideration of $87,600. At that date the equity of Ken Ltd

On 1 July 2018 Kerry Ltd acquired a 30% interest in Ken Ltd for consideration of $87,600. At that date the equity of Ken Ltd consisted of:

Share Capital 168,000 Retained Earnings 84,000 Asset Revaluation Surpluse 14.400 266,400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Sivaramakrishna, Ramji Balakrishnan

1st Edition

0471467855, 978-0471467854

More Books

Students also viewed these Accounting questions

Question

★★★★★

The following arrangement indicates whether 60 consecutive cars that went by the toll booth of a bridge had local plates, L, or out- of- state plates, O: L L O L L L L O O L L L L O L O O L L L L O L...

Answered: 1 week ago

Question

★★★★★

Find the limit or show that it does not exist. lim (Vx2 + ax Vx2 + bx

Answered: 1 week ago

Question

★★★★★

discuss the responsibilities of employers and employees vis--vis each other in preventing accidents at work;

Answered: 1 week ago

Question

★★★★★

Deluca Solutions Inc. is an Ontario- based manufacturer. The company is listed on the TSX, but the family of founder David Deluca retains control through multiple- voting shares. Deluca undertook...

Answered: 1 week ago

Question

★★★★★

Solve for D17 without using the IF function. Please show the formula used. \begin{tabular}{|c|c|c|c|c|} \hline 4 & A & B & C & D \\ \hline 1 & \multicolumn{4}{|c|}{ Golf Products Order Form } \\...

Answered: 1 week ago

Question

★★★★★

For each of the following, compute the present value: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e . g . , 3 2 . 1 6 .

Answered: 1 week ago

Question

★★★★★

This week, your assignment is to create a crisis management plan for either your organization or for Dalton, Walton, and Carlton, Inc. When constructing your plan, think about what needs to be done...

Answered: 1 week ago

Question

★★★★★

1) An altimeter is a device that measures the height of a plane above the ground. It works based on air pressure according to the formula h = 18400log where h is the height above the ground in...

Answered: 1 week ago

Question

★★★★★

Lets put on our trainer hats and compose a brief training script on critical concepts in legal and ethical issues in the workplace. Select 1 of the following questions. Make sure you define your...

Answered: 1 week ago

Question

★★★★★

Consider the following series (i) Show that the series converges if (a, b), where a = = (ii) For any I in the above interval the sum of the series is 00 (2x+3)" n=2 2n+1

Answered: 1 week ago

Question

★★★★★

1. If a generator costing $300k is installed in a factory and the cost of preparing the site is $100k, what would be the QE (qualifying expenditure) for the factory? Korea Manufacturing purchased a...

Answered: 1 week ago

Question

★★★★★

2. Provide new information and before 20 seconds have elapsed, add more infor-mation. The initial information will then be lost from memory for most people.

Answered: 1 week ago

Question

★★★★★

7. What is the extent (percentage) of errors detected in the information collected?

Answered: 1 week ago

Question

★★★★★

8. What are the costs of collecting the information?

Answered: 1 week ago

Previous Question Next Question