Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. (Fair Value and Equity Method Compared) Gregory Inc. acquired 20% of the outstanding common stock of Henderson Inc. on December 31, 2010. The purchase price was $1,250,000 for 50,000 shares. Henderson Inc. declared and paid an $0.80 per share cash dividend on June 30 and on December 31, 2011. Henderson reported net income of $730,000 for 2011. The fair value of Henderson's stock was $27 per share at December 31, 2011.
(a) Prepare the journal entries for Gregory Inc. for 2010 and 2011, assuming that Gregory cannot exercise significant influence over Henderson. The securities should be classified as available for- sale.
(b) Prepare the journal entries for Gregory Inc. for 2010 and 2011, assuming that Gregory can exercise significant influence over Henderson.
(c) At what amount is the investment in securities reported on the balance sheet under each of these methods at December 31, 2011? What is the total net income reported in 2011 under each of these methods?
a company uses direct labor hours to allocate variable and fixed overhead costs. under which of the following
Why is cost accounting so important to the success of the firm What are the various methods of cost accounting and how are they used The Final Paper: Must be eight- to ten- double-spaced pages in length and formatted according to APA style as outl..
A. Prepare the summary of the tax consequences for the three transactions Mr. Johnson listed. Assume that the anticipated cash purchase price is $2.55 million for the noncash assets and $2.6 million for the stock.
some years ago general motors installed industrial robots worth billions of dollars in its automobile assembly plants
use the following information for hayes inc. as of december 31 to answer the next questionsadmiistrative salaries
a. GOGO should buy the engines for cost savings of $113 per unit. b. GOGO should continue producing the engines. c. GOGO has relevant costs of greater than $300 a unit and should buy.
Identify which segments are significant enough to warrant disclosure in accordance with FASB No. 131, "Reporting Disaggregated Information about a Business Enterprise," by applying the following quantitative tests:
Prepare a capital budget for the Hot New Café with the net cash flows for this project over a 5-year period. Calculate the payback period (P/B) and the net present value (NPV) for the project.
If 15,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?
bull propoese how management can utilize variance analysis in improving the efficiency of activities during the
Wayne applies manufacturing overhead cost to jobs based on direct labor-hours, and the predetermined rate is $5.75 per direct labor-hour.
eague plumbing has received a special one-time order for 1500 toilets units at 75 per unit. teague currently produces
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd