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Question - Bang Company purchased 80% of the net assets of Bing Company for 4,000,000. On the date of acquisition, the non-cash assets of Bing Company whose book values did not equal their fair values were inventories which were overstated by 10,000; land which was understated by 30,000 and liabilities which was understated by 5,000. The consolidated Statement of Financial Position of both companies reported goodwill-full of 15,000. Determine the non-controlling interest in net assets of Bing Company to be reported in the consolidated Statement of Financial Position.
on january 1 2002 humlee corporation had 100000 shares of 5 par value common stock outstanding. on march 31 2001 humlee
during 2011 robin sold the following assets business equipment for a 6000 loss stock investment for a 15000 loss and
The following information is available for Oreo Company. What amount should Oreo record as Bad Debt Expense for calendar 2014?
If the amount of the total interest on the note is equal to $2,125, then what is the duration of the note in months
shlee corporation issued a 7-year 67300 zero-interest-bearing note to garcia company on january 1 2011 and received
How much should the company accrue each month for property taxes? Calculate the balance in Property Tax Payable as of August 31.
sylvan inc. entered into a noncancelable lease arrangement with breton leasing corporation for a certain machine.
texas company produces and sells 22000 units of a single product. costs associated with this level of production are as
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the net income was 1250000 and the declared dividends on the common stock were 8000000 for the currenct year. the
A manufacturer reported an inventory turnover ratio of 8.6 during 2007. Will the inventory turnover ratio increase or decrease during 2008
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