SlideShare a Scribd company logo

Craft Ltd. held 80 of the outstanding ordinary shares of Delta Cor.pdf

•
•
A
almaniaeyewear

Craft Ltd. held 80% of the outstanding ordinary shares of Delta Corp. as at December 31 , Year 12 . In order to establish a closer relationship with Nonaffiliated Corporation, a major supplier to both Craft and Delta, all three companies agreed that Nonaffiliated would take an equity position in Delta. Accordingly, for a cash payment of $13.90 per share, Delta issued 21,000 additional ordinary shares to Nonaffiliated on December 31, Year 12. This was the last transaction that occurred on this date. Statements of financial position for the two companies just prior to this transaction were as follows: Note 1:49,000 ordinary shares are outstanding on December 31 , Year 12. Additional Information - Craft has used the equity method of accounting for its investment in Delta since it acquired its 80% interest in Delta in Year 2 . At that time, the acquisition differential was entirely allocated to inventory and patent, which still exists but is not recorded on Delta's separate-entity books. - There were no unrealized intercompany asset profits as at December 31, Year 12. (a) Prepare a consolidated statement of financial position as at December 31, Year 12..

Education
1 of 1
Download to read offline
Craft Ltd. held 80% of the outstanding ordinary shares of Delta Corp. as at December 31 , Year 12 . In order to establish a closer relationship with Nonaffiliated Corporation, a major supplier to both Craft and Delta, all three companies agreed that Nonaffiliated would take an equity position in Delta. Accordingly, for a cash payment of $13.90 per share, Delta issued 21,000 additional ordinary shares to Nonaffiliated on December 31, Year 12. This was the last transaction that occurred on this date. Statements of financial position for the two companies just prior to this transaction were as follows: Note 1:49,000 ordinary shares are outstanding on December 31 , Year 12. Additional Information - Craft has used the equity method of accounting for its investment in Delta since it acquired its 80% interest in Delta in Year 2 . At that time, the acquisition differential was entirely allocated to inventory and patent, which still exists but is not recorded on Delta's separate-entity books. - There were no unrealized intercompany asset profits as at December 31, Year 12. (a) Prepare a consolidated statement of financial position as at December 31, Year 12.

Recommended

Current Attempt in Progress Bramble Gold manufactures award medals. I.pdf
Current Attempt in Progress Bramble Gold manufactures award medals. I.pdf Current Attempt in Progress Bramble Gold manufactures award medals. I.pdf
Current Attempt in Progress Bramble Gold manufactures award medals. I.pdfalmaniaeyewear
 
Current Attempt in Progress A multiple regression analysis produced t.pdf
Current Attempt in Progress A multiple regression analysis produced t.pdf Current Attempt in Progress A multiple regression analysis produced t.pdf
Current Attempt in Progress A multiple regression analysis produced t.pdfalmaniaeyewear
 
Crossword Acposs 15. Body position during sleep that .pdf
Crossword Acposs 15. Body position during sleep that .pdf Crossword Acposs 15. Body position during sleep that .pdf
Crossword Acposs 15. Body position during sleep that .pdfalmaniaeyewear
 
CSE4050 Signals and Systems for Computer Eng. Homework #4 1) Conside.pdf
CSE4050 Signals and Systems for Computer Eng. Homework #4 1) Conside.pdf CSE4050 Signals and Systems for Computer Eng. Homework #4 1) Conside.pdf
CSE4050 Signals and Systems for Computer Eng. Homework #4 1) Conside.pdfalmaniaeyewear
 
Critical Thinking Problem 20.2 Interpreting the Balance Sheet The Sto.pdf
Critical Thinking Problem 20.2 Interpreting the Balance Sheet The Sto.pdf Critical Thinking Problem 20.2 Interpreting the Balance Sheet The Sto.pdf
Critical Thinking Problem 20.2 Interpreting the Balance Sheet The Sto.pdfalmaniaeyewear
 
Create TWO PLSQL blocks that have the following properties 1. Use t.pdf
Create TWO PLSQL blocks that have the following properties 1. Use t.pdf Create TWO PLSQL blocks that have the following properties 1. Use t.pdf
Create TWO PLSQL blocks that have the following properties 1. Use t.pdfalmaniaeyewear
 
Cruz Company uses LFO for inventory costing and reports the following.pdf
Cruz Company uses LFO for inventory costing and reports the following.pdf Cruz Company uses LFO for inventory costing and reports the following.pdf
Cruz Company uses LFO for inventory costing and reports the following.pdfalmaniaeyewear
 
Create a console progran. 1. Create a class Person.cs (5X) - .pdf
Create a console progran. 1. Create a class Person.cs (5X) - .pdf Create a console progran. 1. Create a class Person.cs (5X) - .pdf
Create a console progran. 1. Create a class Person.cs (5X) - .pdfalmaniaeyewear
 

Recommended

Current Attempt in Progress Bramble Gold manufactures award medals. I.pdf
Current Attempt in Progress Bramble Gold manufactures award medals. I.pdf Current Attempt in Progress Bramble Gold manufactures award medals. I.pdf
Current Attempt in Progress Bramble Gold manufactures award medals. I.pdfalmaniaeyewear
 
Current Attempt in Progress A multiple regression analysis produced t.pdf
Current Attempt in Progress A multiple regression analysis produced t.pdf Current Attempt in Progress A multiple regression analysis produced t.pdf
Current Attempt in Progress A multiple regression analysis produced t.pdfalmaniaeyewear
 
Crossword Acposs 15. Body position during sleep that .pdf
Crossword Acposs 15. Body position during sleep that .pdf Crossword Acposs 15. Body position during sleep that .pdf
Crossword Acposs 15. Body position during sleep that .pdfalmaniaeyewear
 
CSE4050 Signals and Systems for Computer Eng. Homework #4 1) Conside.pdf
CSE4050 Signals and Systems for Computer Eng. Homework #4 1) Conside.pdf CSE4050 Signals and Systems for Computer Eng. Homework #4 1) Conside.pdf
CSE4050 Signals and Systems for Computer Eng. Homework #4 1) Conside.pdfalmaniaeyewear
 
Critical Thinking Problem 20.2 Interpreting the Balance Sheet The Sto.pdf
Critical Thinking Problem 20.2 Interpreting the Balance Sheet The Sto.pdf Critical Thinking Problem 20.2 Interpreting the Balance Sheet The Sto.pdf
Critical Thinking Problem 20.2 Interpreting the Balance Sheet The Sto.pdfalmaniaeyewear
 
Create TWO PLSQL blocks that have the following properties 1. Use t.pdf
Create TWO PLSQL blocks that have the following properties 1. Use t.pdf Create TWO PLSQL blocks that have the following properties 1. Use t.pdf
Create TWO PLSQL blocks that have the following properties 1. Use t.pdfalmaniaeyewear
 
Cruz Company uses LFO for inventory costing and reports the following.pdf
Cruz Company uses LFO for inventory costing and reports the following.pdf Cruz Company uses LFO for inventory costing and reports the following.pdf
Cruz Company uses LFO for inventory costing and reports the following.pdfalmaniaeyewear
 
Create a console progran. 1. Create a class Person.cs (5X) - .pdf
Create a console progran. 1. Create a class Person.cs (5X) - .pdf Create a console progran. 1. Create a class Person.cs (5X) - .pdf
Create a console progran. 1. Create a class Person.cs (5X) - .pdfalmaniaeyewear
 
Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdf
Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdf Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdf
Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdfalmaniaeyewear
 
Corporate Headquarters World Clock Note This is a simplified example.pdf
Corporate Headquarters World Clock Note This is a simplified example.pdf Corporate Headquarters World Clock Note This is a simplified example.pdf
Corporate Headquarters World Clock Note This is a simplified example.pdfalmaniaeyewear
 
correct the error and test the code import java.awt.event.Actio.pdf
correct the error and test the code import java.awt.event.Actio.pdf correct the error and test the code import java.awt.event.Actio.pdf
correct the error and test the code import java.awt.event.Actio.pdfalmaniaeyewear
 
Cortez and Shelby are married and each made the following gifts in 20.pdf
Cortez and Shelby are married and each made the following gifts in 20.pdf Cortez and Shelby are married and each made the following gifts in 20.pdf
Cortez and Shelby are married and each made the following gifts in 20.pdfalmaniaeyewear
 
Corqratulations You have bech hired by the accounting departinent of.pdf
Corqratulations You have bech hired by the accounting departinent of.pdf Corqratulations You have bech hired by the accounting departinent of.pdf
Corqratulations You have bech hired by the accounting departinent of.pdfalmaniaeyewear
 
Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdf
Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdf Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdf
Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdfalmaniaeyewear
 
Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdf
Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdf Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdf
Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdfalmaniaeyewear
 
Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdf
Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdf Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdf
Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdfalmaniaeyewear
 
Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdf
Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdf Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdf
Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdfalmaniaeyewear
 
Crane Company sponsors a defined benefit pension plan. The corporatio.pdf
Crane Company sponsors a defined benefit pension plan. The corporatio.pdf Crane Company sponsors a defined benefit pension plan. The corporatio.pdf
Crane Company sponsors a defined benefit pension plan. The corporatio.pdfalmaniaeyewear
 
Country A is a developing country facing immediate default on its loa.pdf
Country A is a developing country facing immediate default on its loa.pdf Country A is a developing country facing immediate default on its loa.pdf
Country A is a developing country facing immediate default on its loa.pdfalmaniaeyewear
 
Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdf
Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdf Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdf
Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdfalmaniaeyewear
 
coute noc ware frem a wainple turver Selott dil that aplh hememany .pdf
coute noc ware frem a wainple turver Selott dil that aplh hememany .pdf coute noc ware frem a wainple turver Selott dil that aplh hememany .pdf
coute noc ware frem a wainple turver Selott dil that aplh hememany .pdfalmaniaeyewear
 
Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdf
Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdf Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdf
Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdfalmaniaeyewear
 
Convert (7C.E)16 to Binary, Octal, and Decimal..pdf
Convert (7C.E)16 to Binary, Octal, and Decimal..pdf Convert (7C.E)16 to Binary, Octal, and Decimal..pdf
Convert (7C.E)16 to Binary, Octal, and Decimal..pdfalmaniaeyewear
 
Convert the following MIPS instruction to its binary and hex represen.pdf
Convert the following MIPS instruction to its binary and hex represen.pdf Convert the following MIPS instruction to its binary and hex represen.pdf
Convert the following MIPS instruction to its binary and hex represen.pdfalmaniaeyewear
 
Convert (7C.E )16 to Binary, Octal, and Decimal..pdf
Convert (7C.E )16 to Binary, Octal, and Decimal..pdf Convert (7C.E )16 to Binary, Octal, and Decimal..pdf
Convert (7C.E )16 to Binary, Octal, and Decimal..pdfalmaniaeyewear
 
Southeastern Oklahoma State Universitys business program has the fac.pdf
Southeastern Oklahoma State Universitys business program has the fac.pdf Southeastern Oklahoma State Universitys business program has the fac.pdf
Southeastern Oklahoma State Universitys business program has the fac.pdfalmaniaeyewear
 
Southeastem Oklahoma State Universitys business program has the .pdf
Southeastem Oklahoma State Universitys business program has the .pdf Southeastem Oklahoma State Universitys business program has the .pdf
Southeastem Oklahoma State Universitys business program has the .pdfalmaniaeyewear
 
Sophie Miller Associates surveys American eating hatbits. The compeny.pdf
Sophie Miller Associates surveys American eating hatbits. The compeny.pdf Sophie Miller Associates surveys American eating hatbits. The compeny.pdf
Sophie Miller Associates surveys American eating hatbits. The compeny.pdfalmaniaeyewear
 
_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting Data_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting DataJhengPantaleon
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 

More Related Content

More from almaniaeyewear

Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdf
Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdf Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdf
Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdfalmaniaeyewear
 
Corporate Headquarters World Clock Note This is a simplified example.pdf
Corporate Headquarters World Clock Note This is a simplified example.pdf Corporate Headquarters World Clock Note This is a simplified example.pdf
Corporate Headquarters World Clock Note This is a simplified example.pdfalmaniaeyewear
 
correct the error and test the code import java.awt.event.Actio.pdf
correct the error and test the code import java.awt.event.Actio.pdf correct the error and test the code import java.awt.event.Actio.pdf
correct the error and test the code import java.awt.event.Actio.pdfalmaniaeyewear
 
Cortez and Shelby are married and each made the following gifts in 20.pdf
Cortez and Shelby are married and each made the following gifts in 20.pdf Cortez and Shelby are married and each made the following gifts in 20.pdf
Cortez and Shelby are married and each made the following gifts in 20.pdfalmaniaeyewear
 
Corqratulations You have bech hired by the accounting departinent of.pdf
Corqratulations You have bech hired by the accounting departinent of.pdf Corqratulations You have bech hired by the accounting departinent of.pdf
Corqratulations You have bech hired by the accounting departinent of.pdfalmaniaeyewear
 
Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdf
Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdf Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdf
Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdfalmaniaeyewear
 
Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdf
Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdf Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdf
Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdfalmaniaeyewear
 
Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdf
Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdf Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdf
Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdfalmaniaeyewear
 
Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdf
Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdf Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdf
Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdfalmaniaeyewear
 
Crane Company sponsors a defined benefit pension plan. The corporatio.pdf
Crane Company sponsors a defined benefit pension plan. The corporatio.pdf Crane Company sponsors a defined benefit pension plan. The corporatio.pdf
Crane Company sponsors a defined benefit pension plan. The corporatio.pdfalmaniaeyewear
 
Country A is a developing country facing immediate default on its loa.pdf
Country A is a developing country facing immediate default on its loa.pdf Country A is a developing country facing immediate default on its loa.pdf
Country A is a developing country facing immediate default on its loa.pdfalmaniaeyewear
 
Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdf
Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdf Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdf
Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdfalmaniaeyewear
 
coute noc ware frem a wainple turver Selott dil that aplh hememany .pdf
coute noc ware frem a wainple turver Selott dil that aplh hememany .pdf coute noc ware frem a wainple turver Selott dil that aplh hememany .pdf
coute noc ware frem a wainple turver Selott dil that aplh hememany .pdfalmaniaeyewear
 
Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdf
Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdf Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdf
Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdfalmaniaeyewear
 
Convert (7C.E)16 to Binary, Octal, and Decimal..pdf
Convert (7C.E)16 to Binary, Octal, and Decimal..pdf Convert (7C.E)16 to Binary, Octal, and Decimal..pdf
Convert (7C.E)16 to Binary, Octal, and Decimal..pdfalmaniaeyewear
 
Convert the following MIPS instruction to its binary and hex represen.pdf
Convert the following MIPS instruction to its binary and hex represen.pdf Convert the following MIPS instruction to its binary and hex represen.pdf
Convert the following MIPS instruction to its binary and hex represen.pdfalmaniaeyewear
 
Convert (7C.E )16 to Binary, Octal, and Decimal..pdf
Convert (7C.E )16 to Binary, Octal, and Decimal..pdf Convert (7C.E )16 to Binary, Octal, and Decimal..pdf
Convert (7C.E )16 to Binary, Octal, and Decimal..pdfalmaniaeyewear
 
Southeastern Oklahoma State Universitys business program has the fac.pdf
Southeastern Oklahoma State Universitys business program has the fac.pdf Southeastern Oklahoma State Universitys business program has the fac.pdf
Southeastern Oklahoma State Universitys business program has the fac.pdfalmaniaeyewear
 
Southeastem Oklahoma State Universitys business program has the .pdf
Southeastem Oklahoma State Universitys business program has the .pdf Southeastem Oklahoma State Universitys business program has the .pdf
Southeastem Oklahoma State Universitys business program has the .pdfalmaniaeyewear
 
Sophie Miller Associates surveys American eating hatbits. The compeny.pdf
Sophie Miller Associates surveys American eating hatbits. The compeny.pdf Sophie Miller Associates surveys American eating hatbits. The compeny.pdf
Sophie Miller Associates surveys American eating hatbits. The compeny.pdfalmaniaeyewear
 

More from almaniaeyewear (20)

Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdf
Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdf Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdf
Create a network of 8PCs,4 switches, and 4 routers as shown in Figure.pdf
 
Corporate Headquarters World Clock Note This is a simplified example.pdf
Corporate Headquarters World Clock Note This is a simplified example.pdf Corporate Headquarters World Clock Note This is a simplified example.pdf
Corporate Headquarters World Clock Note This is a simplified example.pdf
 
correct the error and test the code import java.awt.event.Actio.pdf
correct the error and test the code import java.awt.event.Actio.pdf correct the error and test the code import java.awt.event.Actio.pdf
correct the error and test the code import java.awt.event.Actio.pdf
 
Cortez and Shelby are married and each made the following gifts in 20.pdf
Cortez and Shelby are married and each made the following gifts in 20.pdf Cortez and Shelby are married and each made the following gifts in 20.pdf
Cortez and Shelby are married and each made the following gifts in 20.pdf
 
Corqratulations You have bech hired by the accounting departinent of.pdf
Corqratulations You have bech hired by the accounting departinent of.pdf Corqratulations You have bech hired by the accounting departinent of.pdf
Corqratulations You have bech hired by the accounting departinent of.pdf
 
Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdf
Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdf Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdf
Convert the following grammars into Chomsky Normal Form (a) SASB,AaAS.pdf
 
Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdf
Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdf Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdf
Contribution Margin Willie Company sells 36,000 units at $22 per unit.pdf
 
Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdf
Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdf Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdf
Craft Ltd. held 80 of the outstanding ordinary shares of Delta Corp..pdf
 
Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdf
Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdf Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdf
Construct and algorithm to estimate p=P(X12+X228) where X1 and X2 are.pdf
 
Crane Company sponsors a defined benefit pension plan. The corporatio.pdf
Crane Company sponsors a defined benefit pension plan. The corporatio.pdf Crane Company sponsors a defined benefit pension plan. The corporatio.pdf
Crane Company sponsors a defined benefit pension plan. The corporatio.pdf
 
Country A is a developing country facing immediate default on its loa.pdf
Country A is a developing country facing immediate default on its loa.pdf Country A is a developing country facing immediate default on its loa.pdf
Country A is a developing country facing immediate default on its loa.pdf
 
Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdf
Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdf Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdf
Covered Interest Arbotrage Rina works for Sumitomo Bank in Tokyo. She.pdf
 
coute noc ware frem a wainple turver Selott dil that aplh hememany .pdf
coute noc ware frem a wainple turver Selott dil that aplh hememany .pdf coute noc ware frem a wainple turver Selott dil that aplh hememany .pdf
coute noc ware frem a wainple turver Selott dil that aplh hememany .pdf
 
Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdf
Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdf Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdf
Corbetts AMTI is $605,000. What is his AMT exemption under the follo.pdf
 
Convert (7C.E)16 to Binary, Octal, and Decimal..pdf
Convert (7C.E)16 to Binary, Octal, and Decimal..pdf Convert (7C.E)16 to Binary, Octal, and Decimal..pdf
Convert (7C.E)16 to Binary, Octal, and Decimal..pdf
 
Convert the following MIPS instruction to its binary and hex represen.pdf
Convert the following MIPS instruction to its binary and hex represen.pdf Convert the following MIPS instruction to its binary and hex represen.pdf
Convert the following MIPS instruction to its binary and hex represen.pdf
 
Convert (7C.E )16 to Binary, Octal, and Decimal..pdf
Convert (7C.E )16 to Binary, Octal, and Decimal..pdf Convert (7C.E )16 to Binary, Octal, and Decimal..pdf
Convert (7C.E )16 to Binary, Octal, and Decimal..pdf
 
Southeastern Oklahoma State Universitys business program has the fac.pdf
Southeastern Oklahoma State Universitys business program has the fac.pdf Southeastern Oklahoma State Universitys business program has the fac.pdf
Southeastern Oklahoma State Universitys business program has the fac.pdf
 
Southeastem Oklahoma State Universitys business program has the .pdf
Southeastem Oklahoma State Universitys business program has the .pdf Southeastem Oklahoma State Universitys business program has the .pdf
Southeastem Oklahoma State Universitys business program has the .pdf
 
Sophie Miller Associates surveys American eating hatbits. The compeny.pdf
Sophie Miller Associates surveys American eating hatbits. The compeny.pdf Sophie Miller Associates surveys American eating hatbits. The compeny.pdf
Sophie Miller Associates surveys American eating hatbits. The compeny.pdf
 

Recently uploaded

_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting Data_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting DataJhengPantaleon
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeThiyagu K
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentInMediaRes1
 
Concept of Vouching. B.Com(Hons) /B.Compdf
Concept of Vouching. B.Com(Hons) /B.CompdfConcept of Vouching. B.Com(Hons) /B.Compdf
Concept of Vouching. B.Com(Hons) /B.CompdfUmakantAnnand
 
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon ACrayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon AUnboundStockton
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Sapana Sha
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
MENTAL STATUS EXAMINATION format.docx
MENTAL STATUS EXAMINATION format.docxMENTAL STATUS EXAMINATION format.docx
MENTAL STATUS EXAMINATION format.docxPoojaSen20
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdfssuser54595a
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAssociation for Project Management
 
Science 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsScience 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsKarinaGenton
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxmanuelaromero2013
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology ( Production , Purification , and Application ) Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology ( Production , Purification , and Application ) Sakshi Ghasle
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxheathfieldcps1
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxSayali Powar
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3JemimahLaneBuaron
 

Recently uploaded (20)

_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting Data_Math 4-Q4 Week 5.pptx Steps in Collecting Data
_Math 4-Q4 Week 5.pptx Steps in Collecting Data
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media Component
 
Concept of Vouching. B.Com(Hons) /B.Compdf
Concept of Vouching. B.Com(Hons) /B.CompdfConcept of Vouching. B.Com(Hons) /B.Compdf
Concept of Vouching. B.Com(Hons) /B.Compdf
 
Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon ACrayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon A
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
MENTAL STATUS EXAMINATION format.docx
MENTAL STATUS EXAMINATION format.docxMENTAL STATUS EXAMINATION format.docx
MENTAL STATUS EXAMINATION format.docx
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across Sectors
 
Science 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsScience 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its Characteristics
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology ( Production , Purification , and Application ) Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology ( Production , Purification , and Application )
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3
 

Craft Ltd. held 80 of the outstanding ordinary shares of Delta Cor.pdf

  • 1. Craft Ltd. held 80% of the outstanding ordinary shares of Delta Corp. as at December 31 , Year 12 . In order to establish a closer relationship with Nonaffiliated Corporation, a major supplier to both Craft and Delta, all three companies agreed that Nonaffiliated would take an equity position in Delta. Accordingly, for a cash payment of $13.90 per share, Delta issued 21,000 additional ordinary shares to Nonaffiliated on December 31, Year 12. This was the last transaction that occurred on this date. Statements of financial position for the two companies just prior to this transaction were as follows: Note 1:49,000 ordinary shares are outstanding on December 31 , Year 12. Additional Information - Craft has used the equity method of accounting for its investment in Delta since it acquired its 80% interest in Delta in Year 2 . At that time, the acquisition differential was entirely allocated to inventory and patent, which still exists but is not recorded on Delta's separate-entity books. - There were no unrealized intercompany asset profits as at December 31, Year 12. (a) Prepare a consolidated statement of financial position as at December 31, Year 12.