Cost over book value of well investment was attributed

Assignment Help Financial Accounting

Reference no: EM13139503

during January 2010, Wells Inc. acquired 30% of the outstanding common stock of Wilton Co. for $1400000. this investment gave wells the ability to exercise significant influence over Wilton. Wilton's assets on that date were recorded at $6,400,000 with liabilities of $3000000. Any excess of cost over book value of Well's investment was attributed to unrecorded patents having a remaining useful life of ten years.

Reference no: EM13139503

Questions Cloud

Define the voltage and current in the laplace domain : The voltage and current in the Laplace domain for a certain system is given by V (s) = 1/12 1/s^2 +3, I(s) = s/s^2+3. Is this system best described as resistive, capacitive, or inductive?

What is the final temperature of aluminium sample : A 500.0 g sample of aluminium is initially at 25.0 °C. It absorbs 32.60 kJ of heat from its surroundings. What is its final temperature, in °C? (specific heat = 0.9930 J g-1 K-1 for aluminum)

God and the old testament : What does each of the readings tell one about the nature of God? Who is this God? What kind of power does he have?(examine the description of God in each text and quote the test).

Why the level of significance to be higher or lower : If you were with the franchisee, would you want the level of significance to be higher or lower? why? if you used the franchisee's level of significance, would your power be higher or lower than before or would it not change?

Cost over book value of well investment was attributed : Wilton's assets on that date were recorded at $6,400,000 with liabilities of $3000000. Any excess of cost over book value of Well's investment was attributed to unrecorded patents having a remaining useful life of ten years.

What is a signal sequence : What is a signal sequence? What is a signal patch? Be sure to indicate the difference between the two signals.

Extensions and issues : Exam: 050476RR - EXTENSIONS AND ISSUES; INTERNATIONAL ECONOMICS - The very poorest low-income developing countries typically have relatively and which one of the following groups of economists is most likely to favor annually balanced federal budgets..

Given the materiality of inventory balance : The CPA firm has decided to observe the physical inventory at only two of Lakeside's six stories. Given the materiality of the inventory balance, was this decision appropriate?

Meaning of significant rituals : Summarize the meaning of significant rituals, symbols, myths, and sacred texts in Christianity.

User Account

All Pages