Estimating amount of unrealized gain

Reference no: EM13153519

Bowler Inc. owns 30% of Yarby Co. and applies the equity method. During the current year, Bowler bought inventory costing $66,000 and then sold it to Yarby for $120,000. At year-end, only $24,000 of merchandise was still being held by Yarby. What amount of unrealized gain must be deferred by Bowler?

Reference no: EM13153519

Questions Cloud

Why are absolute value signs used in two-tail probability : The tail probabilities given above be affected if the > signs in the inequalities were replaced by ? Explain briefly. Why are the absolute value signs used in the two-tail probability expressions above?

An engineer designs an improved light bulb : An engineer designs an improved light bulb. The previous design had an average lifetime of 1200 hours. The mean lifetime of a random sample of 2000 new bulbs is found to have a mean lifetime of 1201 hours.

Determine values for the dissociation constant : Vitamin D was added to reaction vessels at different concentrations containing its receptor protein (at a fixed concentration). After equilibrium was reached, the amount of Vitamin D bound to the protein was determined. Here are the results determ..

How many nucleotides are necessary to encode : How many nucleotides are necessary to encode for this single chain?

Estimating amount of unrealized gain : At year-end, only $24,000 of merchandise was still being held by Yarby. What amount of unrealized gain must be deferred by Bowler?

What will be the cs-ps-tax revenues and deadweight loss : What will be the CS, PS, tax revenues and deadweight loss? Suppose the government increases the tax to $4 per unit. What will be the new CS, PS, tax revenues and deadweight loss?

Determine the consolidated net income : Keefe, Incorporated, acquires 70% of George Company on September 1, 2005, and an additional 10% on April 1, 2006. Annual amortization of $5,000 relates to the first acquisition and $3,000 to the second. George reports the following figures for 200..

Does the nucleotide sequence of a mutation : Does the nucleotide sequence of a mutation tell you anything about its dominance or recessiveness?

Find probability that student chooses mathematics : art, French, and mathematics. He chooses art with probability 5/8, French with probability 5/8, and art and French together with probability 1/4. What is the probability that he chooses mathematics?

User Account

All Pages