FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help ASAP Question 44-47 are based on the following information: SUNSHINE CORP issued 50,000 shares of P100 stated value in exchange for land and

Please help ASAP image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 44-47 are based on the following information: SUNSHINE CORP issued 50,000 shares of P100 stated value in exchange for land and building with total fair value of P12M. The fa value of land amounted to 8M How much is the amount to be allocated to the Land? Answer pattern: 1,000,000 SUNSHINE CORP issued 50,000 shares of P100 stated value in exchange for land and building with total fair value of P12M. The fair value of land amounted to 8M How much is the amount to be allocated to the Building? Answer pattern: 1,000,000 SUNSHINE CORP issued 50,000 shares of P100 stated value in exchange for land and building with total fair value of P12M. The fair value of land amounted to 8M How much is the share premium as a result of this transaction? Answer pattern: 1,000,000 SUNSHINE CORP issued 50,000 shares of P100 stated value in exchange for land and building with total fair value of P12M. The fa value of land amounted to 8M How much is the amount to be credited to Share Capital account? Answer pattern: 1,000,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

The Impact Of SOA On IT Auditing From Auditors Point Of View

The Impact Of SOA On IT Auditing From Auditors Point Of View

Authors: Farida Chotkan

1st Edition

3843363048, 978-3843363044

More Books

Students also viewed these Accounting questions

Question

★★★★★
This months commodity index decreased by one-twelfth of last months index to 176. What was last months index? For this problem, set up an equation in one unknown and solve.

Answered: 1 week ago

Question

★★★★★
=+3. Outline the industry perspective. Choose an example industry and conduct an analysis of its competitive structure using Porters fiveforces model.

Answered: 1 week ago

Question

★★★★★
=+24.2. Show that T is ergodic if and only if n-1E"=| P(ANT-KB) - P(A)P(B) for all A and B (or all A and B in a T-system generating $ ).

Answered: 1 week ago

Question

★★★★★
The following data were taken from the balance sheet accounts of Symbol Two Corporation on June 30, 2014. Current assets ............ $125,000 Investments ............ 365,000 Common stock (par value...

Answered: 1 week ago

Question

★★★★★
Blue Spruce recently invested in a project with a 3-year life span. The net present value was $10200 and annual cash inflows were $34000 for year 1; $36000 for year 2; and $38000 for year 3. The...

Answered: 1 week ago

Question

★★★★★
4 Part Question which I have been stuck on. Need Help. Using the following information, please calculate the total change in cash that would appear on the Statement of Cash Flows: Dividends Purchase...

Answered: 1 week ago

Question

★★★★★
Case Study Jean Davis is a 19-year-old woman who is experiencing difficulties in college. She moved out of the dorm because she thought other students were out to ruin her life. Her former roommate...

Answered: 1 week ago

Question

★★★★★
1. Main Entry: Within the body of post, clearly identify each segment of the required response in order to facilitate discussion development. a. Early impressions: Another UMGC Psychology student...

Answered: 1 week ago

Question

★★★★★
A Rhodamine dye solution was discharged in a river section at a constant rate. Estimate the discharge if the dye is found to reach an equilibrium of 5 parts per billion (ppb). Given: Amount of...

Answered: 1 week ago

Question

★★★★★
In first-order predicate logic, what is a Herbrand theorem? Question 4Answer a. A statement that is provable from the axioms of first-order predicate logic b. A statement that is true in some...

Answered: 1 week ago

Question

★★★★★
Which distribution is similar to the shape of a survival function, which is often used in engineering to indicate the time it takes an object to fail? Which distribution is similar to the shape of a...

Answered: 1 week ago

Question

★★★★★
2. Why do people volunteer for non-profit-making organisations and what can these organisations do to ensure their volunteers are engaged?

Answered: 1 week ago

Question

★★★★★
4. What volunteering have you done and why did you volunteer? If you havent volunteered for anything, why havent you?

Answered: 1 week ago

Question

★★★★★
2. Explain the relationship between employee involvement, employee commitment, engagement and high-performance working.

Answered: 1 week ago

Previous Question Next Question