Discuss the approach described in HKFRS 13 ‘Fair Value Measurement’ to measure the non- financial asset.

Presented below is financial information of the Ivanhoe Corporation for 2020. Gain on the sale of investments 128,000 Net sales 36,000,000 Cost of goods sold 24,800,000 Loss on disposal of wholesale division 536,000 Interest revenue 84,000 Loss on operations of wholesale division 552,000 Selling and administrative expenses 6,560,000 Dividends declared on common stock 272,000 Write off of goodwill 624,000 Dividends declared on preferred stock 96,000 Effective tax rate on all items is 35% Ivanhoe Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations. On July 1, Ivanhoe sold the wholesale operations. During 2020, there were 800,000 shares of common stock outstanding all year. Compute each of the following. (Round earnings per share answer to 2 decimal places, e.g. 5.25 and all other answers to 0 decimal places, e.g. 5,275.) 1. Income from operations $ 2. Income before income tax $ 3. Income from continuing operations $ 4. Net income $ 5. Earnings per share $

In 2018, Gray Corporation, a calendar year C corporation, has a $75,000 charitable contribution carryover from a gift made in 2013. Gray is contemplating a gift of land to a qualified charity in either 2018 or 2019. Gray purchased the land as an investment five years ago for $100,000 (current fair market value is $250,000). Before considering any charitable deduction, Gray projects taxable income of $1,000,000 for 2018 and $1,200,000 for 2019.

Should Gray make the gift of the land to charity in 2018 or in 2019?

If an amount is zero, enter "0".

a. If Gray makes the gift of the land to charity in 2018:
The amount of the deduction would be $ and the corporation is able to use $ of the $75,000 carryover. Therefore, Gray has a $ carryover to 2019, of which $ would be used in 2019, leaving
$ to be carried over to 2020.

b. If Gray waits and makes the gift of the land to charity in 2019:
The corporation would have $ carryover from 2013 and $ carryover from 2018. In 2019, the amount of the deduction would be $ and the excess of $ would carryover to 2020.

c. Therefore, Gray should make the gift of the land to charity in ????.

On December 31, 2020, Ainsworth, Inc., had 600 million shares of common stock outstanding. Sixteen million shares of 7%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2021. On April 30, 2021, Ainsworth purchased 30 million shares of its common stock as treasury stock. Twelve million treasury shares were sold on August 31. Ainsworth issued a 5% common stock dividend on June 12, 2021. No cash dividends were declared in 2021. For the year ended December 31, 2021, Ainsworth reported a net loss of $125 million, including an after-tax loss from discontinued operations of $370 million.

Required:
1. Compute Ainsworth's net loss per share for the year ended December 31, 2021.
2. Compute the per share amount of income or loss from continuing operations for the year ended December 31, 2021.
3. Prepare an EPS presentation that would be appropriate to appear on Ainsworth's 2021 and 2020 comparative income statements. Assume EPS was reported in 2020 as $0.70, based on net income (no discontinued operations) of $420 million and a weighted-average number of common shares of 600 million.

On December 31, 2020, Ainsworth, Inc., had 460 million shares of common stock outstanding. Seventeen million shares of 8%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2021. On April 30, 2021, Ainsworth purchased 30 million shares of its common stock as treasury stock. Twelve million treasury shares were sold on August 31. Ainsworth issued a 5% common stock dividend on June 12, 2021. No cash dividends were declared in 2021. For the year ended December 31, 2021, Ainsworth reported a net loss of $130 million, including an after-tax loss from discontinued operations of $380 million.

1. Compute Ainsworth's net loss per share for the year ended December 31, 2021.
2. Compute the per share amount of income or loss from continuing operations for the year ended December 31, 2021.
3. Prepare an EPS presentation that would be appropriate to appear on Ainsworth's 2021 and 2020 comparative income statements. Assume EPS was reported in 2020 as $0.85, based on net income (no discontinued operations) of $391 million and a weighted-average number of common shares of 460 million.

Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2020–2023 are as follows: Service Revenue Collections Pretax Accounting Income 2020 $ 688,000 $ 648,000 $ 214,000 2021 778,000 806,000 288,000 2022 738,000 730,000 256,000 2023 744,000 748,000 228,000 There are no differences between accounting income and taxable income other than the temporary difference described above. The enacted tax rate for each year is 25%. (Hint: You will find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 2020–2023.) Required: 1. to 3. Prepare the appropriate journal entries to record Alsup's 2021 income taxes, 2022 income taxes and 2023 income taxes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)

Can I have the answer for that please urgently

On December 31, 2020, Ainsworth, Inc., had 600 million shares of common stock outstanding. Ninteen million shares of 8%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2021. On April 30, 2021, Ainsworth purchased 50 million shares of its common stock as treasury stock. Twenty million treasury shares were sold on August 31. Ainsworth issued a 4% common stock dividend on June 12, 2021. No cash dividends were declared in 2021. For the year ended December 31, 2021, Ainsworth reported a net loss of $140 million, including an after-tax loss from discontinued operations of $400 million.

Required:
1. Compute Ainsworth's net loss per share for the year ended December 31, 2021.
2. Compute the per share amount of income or loss from continuing operations for the year ended December 31, 2021.
3. Prepare an EPS presentation that would be appropriate to appear on Ainsworth's 2021 and 2020 comparative income statements. Assume EPS was reported in 2020 as $0.75, based on net income (no discontinued operations) of $450 million and a weighted-average number of common shares of 600 million.

JT Inc

Following is the seven-year forecast for a new venture called JT Inc: (all amounts in $000)

Beginning after year 2026 the annual growth in EBIT is expected to be 1.5%, a rate that is projected to be constant over JT Inc remaining life as an enterprise.   Beginning in 2026 JT Inc capital expenditures and depreciation are expected to offset each other (capex - depreciation = 0) and year to year changes in working capital are expected to be zero (working capital levels remain constant year over year). For discounting purposes consider 2020 as year 1.

Assume a tax rate is 21% and a cost of capital of 7.75%

Determine the NPV of JT Inc Free Cash Flow for the years 2020 -2026. HINT: Remember to account for loss carry-forwards when determining income taxes.

One the 2010 Chile Earthquake. What was the state of their preparedness and mitigation prior to the earthquake? What factors influenced their preparedness and mitigation (or lack-thereof)? What are the successes or failures for the response and recovery?

Strategic management and business policies (Panera Bread Company (2010): Still Rising Fortunes) Develop a complete strategic audit report that contains the following components

1. Implementation and Evaluation