• encourage minority group members to adopt the norms of the majority
• fully integrate minority group members, both formally and informally
• strive to build a more homogeneous employee population
• focus primarily upon employees' visible differences, like race or sex
• encourage more intergroup productive conflict

On 1 July 2020 Mango Ltd acquired all the issued shares (cum div.) of Cream Ltd for $450,000. At date of acquisition the equity of Cream was recorded at:

• Share Capital              $200,000
• Reserves                     $100,000
• Retained earnings      $100,000

The fair value of land was $220,000 (carrying amount $200,000).

The fair value of equipment was $230,000 (cost $240,000 and carrying amount $210,000).

On this date the records of Cream Ltd showed goodwill at cost of $10,000 and dividends payable of $15,000. All other assets and liabilities were carried at amounts equal to fair values.

The land was sold on 1 January 2021 and equipment has a useful life of 5 years.

The dividend was paid on 31 August 2020.

Assume a tax rate of 30%

Required:

1. Prepare the acquisition analysis to determine goodwill or gain on bargain purchase on 1 July 2020.
2. Prepare the consolidation worksheet entries immediately after the combination on 1 July 2020.  
3. Prepare the consolidation entries for the equipment on 30 June 2021.

How would a CEO of a company in charge of the master budget plan for a large scale growth that requires heavy capital investment?

wrtie a overview of Chipotle

write what the company stratgey is? how they opreate ? how there ceo think and make things happen?

) On October 6, 2020, the US President abruptly tweeted that the White House is pulling out of ongoing negotiations on a new stimulus bill intended to address covid19 pandemic’s impact on the economy. All stock market indices immediately dropped by more than 1%. Was this movement consistent with market efficiency? Why, or why not?

explain the 2019-2020 Economy of the US and/or World. Discuss issues such as: What is currently occuring? How is it affecting people and businesses. How is it affecting the local, regional, national, and world markets. How are local and state gov'ts being affected and what are they doing? What is the federal gov't doing or proposing to do to help the situation? What do you think of the federal gov't proposals and/or actions? What would you suggest doing? What has caused this recession (what the experts say and/or what do you think)? How is the recession affecting you and your family personally? What do you think the future will be like? How about the stock market? What are your thoughts about the auto industry and the auto bailout? What are your thoughts about the financial/banking bailouts? The volatility of the stock market?

On January 1, 2020, Shamrock Company makes the two following acquisitions.

The company has to pay 10% interest for funds from its bank.

(Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Go Party Ltd (GPL) is a successful New Zealand catering company, operating in South Island. It has a balance date of 30 June. During the preparation of the 30 June 2020 financial statements, the following two issues have come into the light. The details of these issues are as follows:

(a) After a wedding party held by a customer in January 2020, 60 people became seriously ill, possibly as a result of food poisoning from food served by GPL. Legal proceedings were commenced seeking damages from GPL. The company lawyers advised that owing to developments in the case, and it was probable that the company would be found liable and the estimated damages were $85,000 that would be material to the company’s reported profits.

(b) On 15 February 2020, the Department of Occupational Health and Safety undertook an audit against the complaints regards to the company’s unsafe storage practices. If found to be negligent by the court, the company will have to pay a fine and incur cleaning costs. At the end of the financial year, the outcome of the audit is unknown. The company directors are of the opinion that there is a 50% chance that Go Party Ltd will be found negligent.

Required: Determine how GPL should treat the above two issues in its financial statements for the year ended 30 June 2020. Include in your answer the criteria as per NZ IAS 37, necessary journal entries (if required) or any disclosure note/s required.

Go Party Ltd (GPL) is a successful New Zealand catering company, operating in South Island. It has a balance date of 30 June. During the preparation of the 30 June 2020 financial statements, the following two issues have come into the light. The details of these issues are as follows:

(a)   After a wedding party held by a customer in January 2020, 60 people became seriously ill, possibly as a result of food poisoning from food served by GPL. Legal proceedings were commenced seeking damages from GPL. The company lawyers advised that owing to developments in the case, and it was probable that the company would be found liable and the estimated damages were $85,000 that would be material to the company’s reported profits.

(b)   On 15 February 2020, the Department of Occupational Health and Safety undertook an audit against the complaints regards to the company’s unsafe storage practices. If found to be negligent by the court, the company will have to pay a fine and incur cleaning costs. At the end of the financial year, the outcome of the audit is unknown. The company directors are of the opinion that there is a 50% chance that Go Party Ltd will be found negligent.

Required:

Determine how GPL should treat the above two issues in its financial statements for the year ended 30 June 2020. Include in your answer the criteria as per NZ IAS 37, necessary journal entries (if required) or any disclosure note/s required.