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Control Alt Design acquired 30 % of the outstanding common stock of Walter Company on January 1, 2012, by paying $800,000 for the 45,000 shares. Walter declared and paid $.30 per share cash dividends on March 15, June 15, September 15, and December 15, 2012. Walter reported net income of $320,000 for the year. At December 31, 2012, the market price of Walter common stock was $24 per share.
Prepare the journal entries for Control Alt Design for 2012, asusming Control Alt Design can exercise significant influence over Walter. Use the equity method.
derrick iverson is a divisional manager for holston company. his annual pay raises are largely determined by his
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According to US GAAP, what should be the basis for reporting the assets and liabilities of Small within consolidated financial statements created on the date of acquisition?
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Prepare a cost reconciliation schedule, including the costs of materials transferred out and the costs of materials in process.
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During the year, Oscar travels from Raleigh to Moscow (Russia) on business. His time was spent as follows: 2 days travel (one day each way), 2 days business, and 2 days personal. His expenses for the trip were as follows (meals and lodging reflect..
Download the COSO ERM executive summary(free of charge). According to the first page of the summary, what does enterprise risk management encompass?
A check correctly written and paid by the bank for $395 is incorrectly recorded on the company's books for $359. The appropriate adjustment on a bank reconciliation would be to?
calamata corporation processes a single material into three separate products a b and c. during september the joint
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