Co And T Co Manufacturing And Selling Robotics SOLUTION

February 15, 2022

Co And T Co Manufacturing And Selling Robotics

Table of Contents

Order ID# 45178248544XXTG457	Plagiarism Level: 0-0.5%	Writer Classification: PhD competent
Style: APA/MLA/Harvard/Chicago	Delivery: Minimum 3 Hours	Revision: Permitted
Sources: 4-6	Course Level: Masters/University College	Guarantee Status: 96-99%

Instructions

Co And T Co Manufacturing And Selling Robotics

Question Description

Co and T Co formed a special purpose entity Z with the sole purpose of manufacturing and selling robotics. P Co and T Co agreed on the contractual sharing of power that required unanimous consent on all strategic activities of Z. By virtue of its rights to the assets of Z and its obligations for the liabilities of Z, P Co is a joint operator of Z and recognizes its share of the assets and liabilities of Z Co on its statement of financial position. 20×4 is the first year of operations for Z Co.

Prior to the finalization of accounts, the draft financial statements of P Co and Z for 20×6 are shown below:

The party that has share of equity (in dollar terms) that is greater than share of net assets (in dollar terms) will recognize a receivable due from the other party.

Required

(a) Calculate the share of net assets and equity that is attributable to each operator. Determine the amount payable to or receivable from T Co.

(b) Prepare the journal entry to record the effects of the joint operations on the financial statements of P Co.

(c) Show the combined financial statements of P Co for the year ended 31 December 20×6 after incorporating the effects of the joint operations.

RUBRIC

Excellent Quality

95-100%

Introduction

45-41 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Literature Support

91-84 points

The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

Methodology

58-53 points

Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.

Average Score

50-85%

40-38 points

More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.

83-76 points

Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.

52-49 points

Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.

Poor Quality

0-45%

37-1 points

The background and/or significance are missing. No search history information is provided.

75-1 points

Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.

48-1 points

There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met