H co acquires r co for 574000 on 1111 annual excess

Reference no: EM13603324

What is amount of consolidated retained earnings for H Co on 12/31/12 given:

H Co acquires R Co for $574,000 on 1/1/11. Annual excess amortization as a result is $12,000. On this date H Co has retained earnings of $400,000, and R Co has $200,000.

H Co has internal income of 40,000 in 2011 and 50,000 in 2012 and paid 10,000 each year in dividends. R Co has net income of 20,000 in 2011 and 30,000 in 2012, and paid $5,000 in dividends each year.

Reference no: EM13603324

Questions Cloud

Parkview regional hospital serves 400000 people the next : parkview regional hospital serves 400000 people. the next closest hospital is 50 miles away. parkviews accounting

Owner of a store that sells cds wants to estimate the mean : owner of a store that sells cds wants to estimate the mean amount of time a customer remains in the store. a random

A company uses a process cost accounting system its sewing : a company uses a process cost accounting system. its sewing departments beginning inventory consisted of 50000 units 14

What gauge pressure must a pump produce to pump water from : what gauge pressure must a pump produce to pump water from the bottom of the grand canyon elevation 730 to indian

H co acquires r co for 574000 on 1111 annual excess : what is amount of consolidated retained earnings for h co on 123112 givenh co acquires r co for 574000 on 1111. annual

I k 0410-3 ft-1 determine d such that a car driving at : the portion of a race track between points a corresponding to x0 and b is part of a parabolic curve described by the

A projectile is launched with a speed v0 270 ms from the : a projectile is launched with a speed v0 27.0 ms from the floor of a 4.3-m-high tunnel as shown. determine the maximum

A company produces steel shafts for use in industry it is : 1. in each of the situations below an experiment is conducted. determine whether or not the experiment is a

For comparison a typical home needs about 30 kw of electric : power windmills turn in response to the force of high-speed drag. for a sphere moving through a fluid the resistive

User Account

All Pages