Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On January 1, 2009, Father Company acquired an 80 percent interest in Sun Company for $425,000. The acquisition-date fair value of the 20 percent noncontrolling interest's ownership shares was $102,500. Also as of that date, Sun reported total stockholders' equity of $400,000: $100,000 in common stock and $300,000 in retained earnings. In setting the acquisition price, Father appraised four accounts at values different from the balances reported within Sun's financial records.
As of December 31, 2013, the trial balances of these two companies are as follows: Father Sun Company Company Debits
Credits
Included in these figures is a $20,000 debt that Sun owes to the parent company. No goodwill impairments have occurred since the Sun Company acquisition. Required a. Determine consolidated totals for Father Company and Sun Company for the year 2013. b. Prepare worksheet entries to consolidate the trial balances of Father Company and Sun Company for the year 2013. c. Assume instead that the acquisition-date fair value of the noncontrolling interest was $112,500. What balances in the December 31, 2013, consolidated statements would change?
wilkins corporation manufactures safes-large mobile safes and large walk-in stationary bank safes. as part of its
on 31st march 2009 the total assets and external liabilities were 200000 and 6000 respectively. during the year the
in the balance sheet at the end of its first year of operations dinty inc. reported an allowance for uncollectible
Beginning work in process totaled $15,000, and the ending balance is $9,000. During the year, the company completed 40 machines. How much is the cost per machine?
The maffei company which has only one product has provided the following data concerning its most recent month of operations:
fannie company issued 500000 of 5.5 5-year bonds at 100 34. interest is paid annually and the straight-line method is
Suppose Warren earned $1,200 (not $400) from the part-time job. What is Warren's taxable income for 2010?
brummitt corporation is working on its direct labor budget for the next two months. each unit of output requires 0.05
Speedy paid $90,000 of the fuel cost in May, with the remainder paid in June. In addition, Speedy paid $15,000 in May to another fuel supplier in an effort to build up its supply of fuel. Calculate the amount of expense recognized in May under accr..
vinita ramaswamy recently acquired wild country air. wild country has been in business for many years and provides
if a firms forecasted sales are 250000 and its break-evensales are 190000 the margin of safety in dollars ischoose one
stellar manufacturing had a beginning raw materials inventory of 220000. the firm had net purchases of 625000 for the
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd