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Posted: February 17th, 2022
Accounting
write 400–600 phrases that reply to the next questions together with your ideas, concepts, and feedback. This would be the basis for future discussions by your classmates. Be substantive and clear, and use examples to bolster your concepts. You’re an intern in a CPA agency. Your supervisor walks into your cubicle and says, “One in every of our shoppers is considering investing in an organization. He desires to understand how he ought to account for this funding. Be ready to debate it with the shopper tomorrow.” Write a memo to your supervisor giving your ideas on how this must be dealt with by the shopper. The scenario is the next: ◦Firm F bought 40% of the excellent inventory of firm Ok on June 30, 20XX. ◦Each of the businesses have a December 31st, 12 months finish. ◦Firm Ok is a publicly traded firm and studies its web revenue to firm F. ◦Firm Ok additionally pays a hefty dividend to the shareholders of firm F. ◦How ought to firm F report the above info on its December 31, 20XX steadiness sheet and revenue assertion? ◦Help your reply.
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