User Account

All Pages

Compute the consolidated balances for staheli and drake

Assignment Help Accounting Basics
Reference no: EM131759526

Question: On January 1, 2012, Staheli, Inc. acquired 100 percent of the common stock of Drake Company for S760,000 in cash and other fair-value consideration. Drake Company fair value was allocated among its net assets as follows:

2148_Trial.png

Prepare a brief explanation, including evidence, of which accounting method is being used by the parent company. Explain the calculation to obtain the *C entry 2)

Using Excel, prepare a worksheet to compute the consolidated balances for Staheli & Drake.

Reference no: EM131759526

Questions Cloud

Rewrite the matrix with entries in their polar format : For the figure on assume Sbase = 100 MPA. Rewrite the ?bus matrix with entries in their polar format. Form the ?bus matrix with entries in cartesian format
Demonstrate that the personnel involved were aware of laws : Identify the difference in scope and responsibility of any federal, state, or local laws and regulations that would impact the outcome of the case.
Discuss the bank statement with the cash account revealed : A comparison of the bank statement with the cash account revealed
How does the music fit the lyrical content : "One" by Metallica shows a more serious side of heavy metal. How does the music fit the lyrical content? What elements of the song show the band's influences?
Compute the consolidated balances for staheli and drake : On January 1, 2012, Staheli, Inc. acquired 100 percent of the common stock of Drake Company for S760,000 in cash and other fair-value consideration.
Describe the history of ethnic foods in the united states : Describe the history of ethnic foods in the United States. -­- Research the history of restaurants - either fine dining, or fast food.
Discuss straight-line amortization on bond premiums : The bonds were dated January 1, 2017, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts
Quantity demanded in the long run : Explain how a large shock to a demand curve in a competitive market in the current period may result in very little change in prices necessary
Perform extensive tests on its trade-in vehicles : Explain why an automaker might encourage its dealers to perform extensive tests on its trade-in vehicles and sell only those in the best condition.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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