User Account

All Pages

At what total value will the machinery account be reported

Assignment Help Accounting Basics
Reference no: EM133045836

Question - Adam Corp. acquired 60% of Khaled Corp. on January 1, 2021. On that date, Khaled Com had machinery with a book value of $114,332 and a fair value of $201.597. On the same date, Adam Corp, had machinery with a book value of $347,110 and a fair value of $541,896, At what total value will the machinery account be reported on the consolidated balance sheet prepared on January 1, 2021?

Reference no: EM133045836

Questions Cloud

What are the journal entries : There was one sale of inventory with a cost of $30,000 and a selling price of $45,000. What are the journal entries
Positive average rate of return : Is it possible for an investment to have a positive average rate of return, but still lose you every shilling invested?
Provide a report on a current topic : Research and provide a report on a current topic related to the Samsung industry for example how are they going to lead smartphone world Include name of researc
Identify the judgements and decisions to be made here : The project will require investment in a new building and operating theatre. Identify the judgements and decisions to be made here
At what total value will the machinery account be reported : On that date, Khaled Com had machinery with a book value of $114,332. At what total value will the machinery account be reported
Producers and consumers of commodity : What kind of monopoly is there in the coffee bean commodity? Who are the main producers and consumers of this commodity?
Find streaming industry : Topic: Streaming industry (SVOD) I.E. Netflix, HBO MAX, Hulu, Disney Plus, ect. what would have happened to the industry had the pandemic occurred 10-20 years a
Miguel corporation to greiners model : Relate the organizational structure of san miguel corporation to greiners model.
What must the aggregate attendance : What must the aggregate attendance for the 30 home games be for the team to just cover all of its costs for the season

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the amount that anderson company has to pay

Anderson Company purchased goods with the following terms and details: Sales price, $13,000. Compute the amount that Anderson Company has to pay to the seller

  Journalize the entries required on each date

The declaration, record, and payment dates in connection with a cash dividend of $115,000. Journalize the entries required on each date

  What you take to be the strongest possible argument

Construct what you take to be the strongest possible argument for a conclusion contrary to the one you argued for in your Week One paper.

  What is their child and dependent care credit

The twins are in day care so Jean can go to school while Marty is at work. The cost of day care is $10,000. What is their child and dependent care credit

  What is the break-even level of ebit

Your firm is currently unlevered with 2,500 shares outstanding and assets valued at $50,000. What is the break-even level of EBIT

  How many kilograms of direct material should be purchased

If the 30 June inventory of materials was 5000 kg, how many kilograms of direct material should be purchased during July

  Recognized gain-basis in the stock

Shull Company assumes the $45,000 mortgage on the land as part of the transfer. What is Dave's recognized gain? What is his basis in the stock?

  Find what is the total amount of stockholders equity

If the company does not have any Other Comprehensive Income (loss) - stockholders' equity, what is the total amount of stockholders' equity?

  Discuss the issues that Jenny must address

From the above information, discuss the issues that Jenny must address in her report to Mr Finn. In your discussions please include references

  Who is eligible to claim Jenny as a dependent

During 2019, Jenny, age 14, lives in a household with her father, uncle, and grandmother. Who is eligible to claim Jenny as a dependent

  Company purchase that resulted in the cash outflow

What did the company purchase that resulted in the cash outflow from investing activities?

  I addition during march they drove 947 miles for medical

in 2008 margaret john murphy are married taxpayers whofile a joint tax return with agi of 25000. during the year

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd