OF THE COMPETITION ACT Section 1 – Short Title‚ Extent and Commencement Section 2 – Definitions Section 3 – Prohibition of Anti Competitive Agreements Section 4 – Prohibition of Abuse of Dominant Position Section 5 & 6 – Regulation of Combinations 5 Section 7 & 8 – Establishment and Composition of Commission PROHIBITION OF ANTI COMPETITIVE AGREEMENTS (SECTION 3) No enterprise shall enter into any agreement in respect of production‚ supply‚ distribution‚ storage‚ acquisition or control
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Marks) AASB 3 Business combinations para.14 requires that the acquisition method be used to account for business combinations. This method requires the identification of the acquirer. For example‚ para.17 states that “an acquirer shall be identified for all business combinations”. • Provide and explain a list of factors that may assist management to identify the acquiring entity. • Explain why it is necessary to identify who is the acquirer in a business combination? (Adapted from Leo et
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University of Southeastern Philippines Bo. Obrero‚ Davao City College of Engineering In Partial Fulfilment of the Requirement In EE-5(Fieldtrips and Seminars) February 5‚ 2013 Preface The book contains some important facts of companies and industrial plants visited by fifth year BSEE students last November 12 to 18‚ 2012. These data come multiple origins; brochures‚ pamphlets and internet. Thus‚ the author collects these things for the formulation of this book. The author discuss
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information‚ the differential reflected in a consolidation workpaper to prepare a consolidated balance sheet immediately after the business combination is: A. $0. B. $25‚000. C. $70‚000. D. $45‚000. 2. Based on the preceding information‚ what amount should be allocated to goodwill in the consolidated balance sheet‚ prepared after this business combination? A. $0 B. $25‚000 C. $70‚000 D. $45‚000 On December 31‚ 2009‚ Add-On Company acquired 100 percent of Venus Corporation’s common stock for
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Universal DVD Player 3. DVD Player/VHS VCR combination 4. DVD Recorder/VHS VCR combination 5. DVD player/AV Receiver Combination 6. DVD Recorder/Hard Drive Combination 7. DVD Player/TIVO Combination 8. DVD Recorder/TIVO Combination 9. DVD Player/Video Projector Combination 10. Portable DVD Player 11. DVD Player/Video Game Console Combination 12. Home Theater-In-A-Box System with built-in DVD Player 13. TV/DVD Player or TV/DVD player/VCR Combination 14. DVD Camcorder 16. Standalone
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Permutations and Combinations Questions: What are permutations? Combinations? In what types of situations would you apply each one? Launch: Your family is ordering an extra-large pizza. There are four toppings to choose from (pepperoni‚ sausage‚ bacon‚ and ham). You have a coupon for a three-topping pizza. 1.) Determine all the different three-topping pizzas you could order. You may want to create a list‚ diagram‚ table‚ or chart to show possible outcomes and counting techniques.
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Equity of Subsidiary acquired + net adjustments to fair values (ie. Fair value of asset less carrying amount – 30% for tax) Goodwill = Consideration transferred LESS Net Fair Value of Identifiable assets and liabilities Step 1: Adjust for Business Combination Valuation Entries We need to adjust the carrying amount of the subsidiaries assets and liabilities so that they are recognised at Fair Value at the time of the acquisition. Remember‚ this is for the purposes of the consolidated accounts – the Subsidiary’s
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bankruptcy qualify as a business combination under ASC 805? According to ASC 805-10-20‚ the definition of business combination is “a transaction or other event in which an acquirer obtains control of one or more businesses. Transactions sometimes referred to as true mergers or mergers of equals also are business combinations”. Nevertheless‚ some business activities do not count as business combination. According to ASC 805-10-15-4‚ the guidance in the Business Combinations Topic does not apply to any
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Business Combinations: Dissolution of all but one of the separate legal entities is not necessary in order to have a business combination. A business combination is created when a number of separate organizations are tied together through common control‚ or an acquirer obtains control over one or more businesses. Statutory merger: any business combination in which only one of the companies remains as a “survivor” or “parent”. Statutory consolidation: a business combination in which two
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ACCT 4022 – Advanced Accounting Notes Chapter 1: Intercorporate Acquisitions and Investments in Other Entities The Development of Complex Business Structures By expanding into new markets or acquiring other companies already in those markets‚ companies can develop new earnings potential and those in cyclical industries can add greater stability to earnings through diversification. A subsidiary is a corporation that is controlled by another corporation‚ referred to as a parent company. Control
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