please provide working and calculations for each particular for each question. A breakdown for each...
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Accounting
please provide working and calculations for each particular for each question. A breakdown for each
On January 1, 2015 Philips Corporation purchased 60%(15,000 shares) of Henry Corporation for $300,000. The stockholders' equity section of Henry Corporation (Henry Inc.) was as follows: Henry Inc. Retained earnings at subsequent year ends were as follows Henry Inc. issued 15,000 additional shares of common stock directly to Philips Corporation on January 1,2018 at $35 per share. Required: i. Compute the balance in Philip's Investment in Henry account on January 1. 2018 after its purchase of the additional shares. [7 marks] ii. Compute the value of the NCI the would appear on the consolidated balance sheet as at January 1, 2018 [3 marks] b) The following information was taken from the accounts and records of the UWI Foundation, a private, not-for-profit organization. All balances are as of November 30, 2018, unless ot The ses included $500,000 payable from donor-restricted resources. Required: Prepare UWI's statement of activities for the fiscal year ended November 30,2018 . [15 marks]
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