Which of the following statements is true concerning an intra-entity transfer of a depreciable asset?  Group of answer choices Net income attributable to the non-controlling interest is never affected by a gain on the transfer. Net income attributable to the non-controlling interest is always affected by a gain on the transfer. Net income attributable to the non-controlling interest is affected by a downstream gain only   Net income attributable to the non-controlling interest is affected only when the transfer is upstream. Net income attributable to the non-controlling interest is increased by an upstream gain in the year of transfer

What factors should be considered in determining the issue price of a debenture. and Provide some examples of items that would be adjusted directly against equity, rather than beingincluded as part of profit or loss.

25.   A parent company’s investment account would include an element which is representative of :   Multiple Choice   the unrecorded difference between fair value and book value of the investee’s assets.   the unrecorded book value of the investor’s assets.   the goodwill accrued since the purchase of the investee.   the recorded current value of the investee’s assets.

If an intangible asset is acquired as a part of the business combination it's recognised at: a. Fair value  b. Cost  c. Carring amount  d. None of the given options

Provide some example of items which would be adjusted directly against equity rather than being as part of profit or loss

Statement 1: Measurement period is relevant if Fair Value of Net Assets of acquiree includes the recognition of the contingent asset, contingent liability, and assets/liabilities with provisional amounts. Statement 2: Measurement period is relevant for the remeasurement fo all contingent considerations. A. Both Statetements are Correct B. Both Statements are Incorrect C. Only Statement 1 is Correct D. Only Statement 2 is Correct

If an asset is sold at a gain, why is the gain deducted from net income when computing the netcash provided by operating activities under the indirect method?

lowing appropr right 1. Goodwill 2. Amount realized 3. Fair market value 4. Adjusted basis 5. Holding period a. The ability of a business to generate income in excess of a normal rate on assets due to superior managerial skills, market position, new product technology, etc. b. The amount at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having a reasonable knowledge of the relevant facts. c. It is crucial in determining whether gain or loss from the sale or exchange of a capital asset is long term or short term. d. This amount is the sum of the cash and the fair market value of any property or services received, plus any related debt assumed by the buyer. e. The cost or other basis of property reduced by deprecation (cost recovery) allowed or allowable and increased by capital improvements. Match the following terms in the left column with the appropriate definition from the right column. 1.…