User Account

All Pages

Calculate controlling interest in consolidated income

Assignment Help Financial Accounting
Reference no: EM132475983

Point 1: Pearson Company owns 90% of the outstanding common stock of Spring Company. On January 1, 2014, Spring Company sold equipment to Pearson Company for $192,200. Spring Company had purchased the equipment for $294,000 on January 1, 2009, and had depreciated it using a 10% straight-line rate.

Point 2: The management of Pearson Company estimated that the equipment had a remaining useful life of five years on January 1, 2014. In 2015, Pearson Company reported $144,500 and Spring Company reported $91,900 in net income from their independent operations (including sales to affiliates).

Question 1: Calculate controlling interest in consolidated income for 2015

Reference no: EM132475983

Questions Cloud

Determine turn the account over to a collections agency : Determine days after the letter send a letter notifying the customer that the account has been placed on hold, no further credit will be extended
What particular communication skills that individuals : What particular communication skills that individuals learned or strengthen through their job experience and/or supervision?
How were you politically socialized as a child : Think about conversations around politics when you were in primary school (around age 10). What were some of the ways you learned about the political.
What methods of self-care : What methods of self-care did you find most helpful at work? What methods of self-care were not helpful?
Calculate controlling interest in consolidated income : Pearson Company owns 90% of the outstanding common stock of Spring Company, Calculate controlling interest in consolidated income for 2015
Discuss about how we are socialized to become ideal citizens : In primary school, many of us dutifully recited the Pledge of Allegiance and took history classes extolling American virtues. Even though primary school.
Just how widespread is wrongdoing in the us society today : Just how widespread is wrongdoing in the U.S. society today? What evidence can you provide to support or refute Moynihan's argument?
What elements outside the stadium have an interest in game : What elements outside the stadium have an interest in the game, or can affect our game in positive or negative ways have to done for both parties
Discuss federal scheduling system for controlled substances : Within THREE paragraphs, discuss the federal scheduling system for controlled substances. How are drugs categorized/ does the current system seem appropriate.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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