Accounting Question

In word file

Part 1:
Q1. The following information extracted from the parent company
a. Parent company loaned $1000 to Subsidiary with an interest rate of 5%.
b. Parent company made a sale to Subsidiary for $500 cash. The inventory had
originally cost Parent company $200. Subsidiary then sold that same inventory
to an outsider for $700.
c. Parent company made a sale to Sub for $800 cash. The inventory had originally
cost Parent $300. Subsidiary has not yet sold that same inventory to an outsider.
Required:
Pass the elimination entries for the intercompany transactions.
Answer:
Q2. Explain the differences between translation and remeasurement of financial
statements of a foreign subsidiary.
Answer:
Q3. The partnership of Ibrahim and Rawan has the following provisions:
•
Ibrahim and Rawan receive salary allowances of SAR 50,000 and SAR 15,000,
respectively.
•
Interest is imputed at 5% on the average capital investment.
•
Any remaining profit or loss is shared between Ibrahim and Rawan in a 3:1
ratio, respectively.
•
Average Capital investments: Ibrahim, SAR 300,000; Rawan, SAR 150, 000
•
Net income SAR 300,000
Required: pass journal entry to allocate the profit between Ibrahim and Rawan
Part 2:
Learning Outcomes:
1.
Recognize the basic concepts and terminology used in Strategic Management. (CLO1)
2.
Explain the contribution of functional, business, and corporate strategies to the competitive
advantage of the organization. (CLO3)
3.
Distinguish between different types and levels of strategy and strategy implementation.
(CLO4)
4.
Communicate issues, results, and recommendations coherently, and effectively regarding
appropriate strategies for different situations. (CLO6)
I.
Discussion Questions
1) How does horizontal growth differ from vertical growth of a corporate strategy?
From concentric diversification? Give at least one example for each strategy.
Answer:
2) What are the tradeoffs between an internal and an external growth strategy?
Which approach is best as an international entry strategy?
Answer:
3) Are functional strategies interdependent, or can they be formulated
independently of other functions? Discuss
Answer:
Important Notes:
•
Avoid Plagiarism.
•
•
Support your answers with course material concepts from the textbook and
scholarly, peer-reviewed journal articles, etc.
Need references and use APA style for writing the references.
Reference: