Question
In: Accounting
If a primary government’s general fund has an equity interest in a joint venture, all of...
If a primary government’s general fund has an equity interest in a joint venture, all of this equity interest should be reported in
The general fund.
An internal service fund.
The government-wide statement of net position.
An enterprise fund.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
ABC Fund has decided to enter a joint venture with Newton Development Inc. to develop and...
ABC Fund has decided to enter a joint venture with Newton
Development Inc. to develop and operate an office building that
will require an initial investment of $200 million to cover all the
development costs. There will be no debt financing for the joint
venture. Each partner invests its capital at the beginning of the
first year and cash flow from operations is projected as
follows:
Year 1 $3,000,000
Year 2 $8,500,000
Year 3 $19,000,000
Year 4 $27,000,000
Year 5...
2. ABC Fund has decided to enter a joint venture with Newton Development Inc. to develop...
2. ABC Fund has decided to enter a joint venture with Newton
Development Inc. to develop and operate an office building that
will require an initial investment of $200 million to cover all the
development costs. There will be no debt financing for the joint
venture. Each partner invests its capital at the beginning of the
first year and cash flow from operations is projected as
follows:
Year 1 $3,000,000
Year 2 $8,500,000
Year 3 $19,000,000
Year 4 $27,000,000
Year...
Piano Ltd has a 30% interest in a joint venture, Mandolin Ltd, in which it invested...
Piano Ltd has a 30% interest in a joint venture,
Mandolin Ltd, in which it invested $50 000 on 1
July 2014. The equity of Mandolin Ltd at the acquisition date
was:
Share capital
Retained earnings
$ 30 000
120 000
All the identifiable assets and liabilities of Mandolin
Ltd were recorded at amounts equal to their fair values. Profits
and dividends for the years ended 30 June 2015 to 2017 were as
follows:
Profit before tax
Income tax expense
Dividends...
PRI has a 40 percent interest in NCE, a joint venture. During Year 5, NCE reported...
PRI has a 40 percent interest in NCE, a joint venture. During
Year 5, NCE reported net income of $100,000 and paid a dividend of
$60,000. NCE’s inventory includes goods purchased from PRI on which
PRI had made a profit of $10,000. What amount of income should PRI
report on its investment in NCE for Year 5 under the equity method?
(Ignore income taxes.)
A. $24,000
B. $30,000
C. $36,000
D. $40,000
Give examples of companies who have form contractual alliances, equity alliances, and a joint venture.
Give examples of companies who have form contractual alliances,
equity alliances, and a joint venture.
Triad Corporation has established a joint venture with Tobacco Road Construction, Inc., to build a toll...
Triad Corporation has established a joint venture with Tobacco
Road Construction, Inc., to build a toll road in North Carolina.
The initial investment in paving equipment is $81.2 million. The
equipment will be fully depreciated using the straight-line method
over its economic life of five years. Earnings before interest,
taxes, and depreciation collected from the toll road are projected
to be $12.3 million per annum for 20 years starting from the end of
the first year. The corporate tax rate...
Triad Corporation has established a joint venture with Tobacco Road Construction, Inc., to build a toll...
Triad Corporation has established a joint venture with Tobacco
Road Construction, Inc., to build a toll road in North Carolina.
The initial investment in paving equipment is $80.6 million. The
equipment will be fully depreciated using the straight-line method
over its economic life of five years. Earnings before interest,
taxes, and depreciation collected from the toll road are projected
to be $12.7 million per annum for 20 years starting from the end of
the first year. The corporate tax rate...
Triad Corporation has established a joint venture with Tobacco Road Construction, Inc., to build a toll...
Triad Corporation has established a joint venture with Tobacco
Road Construction, Inc., to build a toll road in North Carolina.
The initial investment in paving equipment is RM125 million. The
equipment will be fully depreciated using the straight-line method
over its economic life of 5 years. Earnings before interest, taxes,
and depreciation collected from the toll road are projected to be
RM18.4 million per annum for 20 years starting from the end of the
first year. The corporate tax rate...
Triad Corporation has established a joint venture with Tobacco Road Construction, Inc., to build a toll...
Triad Corporation has established a joint venture with Tobacco
Road Construction, Inc., to build a toll road in North Carolina.
The initial investment in paving equipment is $81.8 million. The
equipment will be fully depreciated using the straight-line method
over its economic life of five years. Earnings before interest,
taxes, and depreciation collected from the toll road are projected
to be $13.9 million per annum for 20 years starting from the end of
the first year. The corporate tax rate...
Triad Corporation has established a joint venture with Tobacco Road Construction, Inc., to build a toll...
Triad Corporation has established a joint venture with Tobacco
Road Construction, Inc., to build a toll road in North Carolina.
The initial investment in paving equipment is $81.8 million. The
equipment will be fully depreciated using the straight-line method
over its economic life of five years. Earnings before interest,
taxes, and depreciation collected from the toll road are projected
to be $13.9 million per annum for 20 years starting from the end of
the first year. The corporate tax rate...
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