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1.Fizer Pharmaceutical paid $68 million on January 2, 2013, for 4 million shares of Carne Cosmetics common stock. The investment represents a 25% interest in the net assets of Carne and gave Fizer the ability to exercise significant influence over Carne's operations. Fizer received dividends of $1 per share on December 21, 2013, and Carne reported net income of $40 million for the year ended December 31, 2013. The fair value of Carne's common stock at December 31, 2013, was $18.50 per share.The book value of Carne's net assets was $192 million.The fair value of Carne's depreciable assets exceeded their book value by $32 million. These assets had an average remaining useful life of eight years.The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill.Required:Prepare all appropriate journal entries related to the investment during 2013.
The Black Hole, a unit of the Space Department, was established October 1, 2013. Its purpose is to probe deep space. It is financed by an appropriation from Congress. Following are the transactions of the agency during October 2013:
prepare a business memo in word addressed to mark zuckerberg discussing the following 1. accountbook obtains a 500000
which answer would represent the financial statement presentation of stockholders equity after the following
The marketing vice president feels that if the company increased its advertising, sales could be increased by 25%. What is the maximum increased advertising cost the company can incur and still report the same income as before the advertising expe..
a company sells leaf blowers for 150 each. each unit has a 3 year warranty that covers replacement of defective parts.
a companys income statement showed the following net income 130000 depreciation expense 33000 and gain on sale of plant
Assuming a discount rate of 12%, compute the net present value of each piece of equipment. 2. A third option has surfaced for equipment purchased from an out-of-state supplier. The cost is also $560,000, but this equipment will produce even cash ..
is it important for mid level management to have knowledge of statement of cash flow and why? what should be
In this week's reading several risk management techniques were discussed. Identify a risk situation and discuss an appropriate technique or combination of techniques to manage that risk.
the tj company collects all service revenue in advance. the company showed a 12500 liability on its dec 31 2011 balance
Budgeted manufacturing costs.
the melano corporation was authorized to issue 1000000 shares of 1 par common stock and 100000 shares of 100 par 10
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