Scott Lloyds Inc. has the following two uncorrelated losses distributions: Liability Loss = $100 million with probability 0.50 $ 10 million with probability 0.50 Property Loss - $60 million with probability 0.10 $30 million with probability 0.90 Scott Llyods has the ability to retain losses up to $80 million. It purchases two coverage with a $40

Q: The Moore Enterprise has gross profit of $1,180,000 with amortization expense of $510,000. The…

A: Moore EnterpriseGross profit = $1,180,000Amortization expense = $510,000Selling and Administration…

Q: The Polythene Pam Company purchases P2,000,000 of bonds asset has been designated as one at fair…

A: Solution: Cost of 10% bonds sold = Total cost *10% = 2000000 * 10% = P200,000

Q: At the beginning of the year 1, Down Under Company raises $60 million of equity and uses the…

A: Given: Year 1 cash flows = $40 Million Year 2 cash flows = $50 Million Year 3 cash flows = $60…

Q: National Co. has P5,000,000 in current assets, P3,000,000 in current liabilities, and its initial…

A: This question relates to Current Ratio. Current Ratio is calculated to test short term financial…

Q: From the data given, compute the goodwill or gain from bargain purchase for the different items.…

A: Goodwill is an intangible asset that is related to the takeover of one company by another. In fact,…

Q: What will be reported on the income statement as a "special item?"

A: Special items in accounting for discontinued operations refer to significant transactions or events…

Q: a. Inventory with a carrying amount of P 100,000 has a net realizable value of P 80,000. It is…

A:

Q: Abulencia and Daguiso have the following profit and loss agreement: salaries of P30,000 and P45,000…

A: The amount of profit to be allocated to the partner will be prescribed in the partnership deed.

Q: BBB,Inc sells its unprofitable division A at a gain of $20,000. Before the sale, division A had a…

A: We know that continuing operations means the operating activities of the company which it undertakes…

Q: An entity is planning to sell the business to new interests. The cumulative net earnings for the…

A: At the time of purchase or acquisition of any business or empire, sometimes amount paid for…

Q: Mann Inc., which owes Doran Co $600,000 in notes payable with accrued interest of $54,000, is having…

A: a. Compute the gain or loss to settle the debt.Notes Payable600,000Add: Interest Accrued54,000Total…

Q: YOU CAN DO IT Corporation has equipment with a carrying value of 450,000 on December 31, 2021. The…

A: Solution: Impaired asset is an assets which is having market value less than the value listed on…

Q: If the Equity of NRWM, Inc. is $17,000,000; and the company owes $2,000,000 in unpaid payroll and…

A: Total liabilities = unpaid payroll + bank on a credit line = $2,000,000 + $8,000,000 = $10,000,000

Q: Black River Adventures has net income of $3,518, interest expense of $1,715, sales of $24, 450, and…

A: The net income is the result of the income statement.The income statement is an essential part of…

Q: Elliott has the following capital gain and loss transactions for 2022: Short-term capital gain…

A: If stocks are held for more than one year and then are sold and a profit is made that is called the…

Q: ohnstone Company is facing several decisions regarding investing and financing activities. Address…

A: Present value interest factor (PV) refers to an annuity which is used to compute the present value…

Q: Citrus Corporation is a calendar year S corporation with the following current year information:…

A: Citrus corporation has a operating loss of $(240000) Grapefruit bought 60% of Citrus corporation for…

Q: Compute the combined net income for 2021.

A: Computation of net income of DEF Corp. : Computation of markup from goods sent to branch : Markup…

Q: ABC Corp has P100,000 collectibles from Mr. Naki Utang who became insolvent with P60,000 assets and…

A: 1. Income tax liability = 20% of P 200,000 = P 40,000  2. Income Tax liability will be paid on…

Q: pusiness imported 500 cars

A: From the currency P it is clear that the it is related to…

Q: Trayer Corporation has income from continuing operations of $254,000 for the year ended December 31,…

A: Income from continuing operations: It is the after tax income generated by a company from its…

Q: K's Warehouse has a market value of $900,000. The property in K's is assessed at 45% of the market…

A: The market value of the Warehouse is $900,000 The assessment rate is 45% The tax rate is $62.40 per…

Q: The following items are from Asad Corporation on December 31, 1997. Assume a flat 40% corporate tax…

A: The single step income statement is a basic income statement model adopted by businesses. This…

Q: Infrared Vision Inc. recently reported $15,500 of sales, $13,700 of operating costs other than…

A: Lets understand the basics.Net income after taxes gets calculated to know net amount remains after…

Q: REQUIRED: Prepare the journal entries relating to the reversal of the impairment loss in the 2021…

A: The formula used for calculating the impairment loss is as under: Impairment loss = Carrying cost -…

Q: abc corp recently reported 13000 of sales 5000 of operating costs other than depreciation and 4000…

A: Taxable income is that portion of gross income based on which the amount of tax payable to the…

Q: Consider the following values. NOIn+1: $2.8 million. Cap rate: 7.5%. Brokerage commission: 3%.…

A: Understanding the Concepts:Cap Rate: This is a fundamental real estate metric. It represents the…

Q: acquire the net assets of Best Company.  Better is willing to pay for goodwill computed by…

A: Goodwill is the intangible assets for the company and when would will eat self generated it is not…

Q: Presuming the company sells for $100,000,000.00 but also has $10,000,000.00 of debt on the balance…

A: Cash flows are the cash generated from the operation of the business organization. In other words,…

Q: 18. The statement of affairs of Darrell Putix Co. indicates that unsecured creditors without…

A: Expected recovery refers to the defaulted collateral loan and under the case of sale to third party,…

Q: Flounder Corp. has income from continuing operations of $246,500 for the year ended December 31,…

A: Comprehensive Income includes Income statement and the other comprehensive income for the period…

Q: Rao Construction recently reported $23.50 million of sales, $12.60 million of operating costs other…

A: Profit means excess of total revenue from total cost. Profit is computed at different levels for…

Q: LUGAW Inc. has an earnings before interest and taxes of P4,750,000. The company’s total depreciation…

A: Taxes = Earnings before interest and taxes x tax rate = P4,750,000 X 30% = P1,425,000

Q: Lawn.com is expected to have operating losses of $329,300 in its first year of business and $293,400…

A: Present value:Present value is popularly known in short as PV. It is a concept of accounting that…

Q: The total assets of Best Service is P500,000. Twenty percent (20%) represents the claim of the…

A: ACCOUNTING EQUATION The accounting equation, also called the balance sheet equation, represents…

Q: a. Short-term capital gain b. Short-term capital loss C. d. e. f. 9. Long-term capital gain (28%)…

A: Capital gain is the profit made whenever a capital asset, such as real estate, stocks, or art, is…

Q: What amount of additional debt can be issued for each of the conditions (a), (b), and (c)?

A: The correct answer to the question should be none of the above. Current debt 5 million Interest…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.