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Question - Pentamedia owns 90 percent of Sesa. At the start of 2016, Sesa sold buildings carried at $7,000,000, net, to Pentamedia for $10,000,000. The buildings had a remaining life of 10 years and straight-line depreciation is used. Pentamedia uses the complete equity method to record its investment in Sesa. Pentamedia still owns the buildings. How are Pentamedia's 2017 equity in net income of Sesa and 2017 consolidated income to the noncontrolling interest affected by the intercompany sale of buildings?
You have been hired as the CFO of a new company and are determining the company's accounting needs.
The expected sales for July are $500,000, August $300,000 and September $400,000. Compute the expected cash to be collected from customers
1. valley manufacturing corporations beginning work in process inventory consisted of 15000 units 100 complete with
How would your answer to the previous question change if Eric holds his interest through his wholly owned corporation that has only nominal assets
How much must you deposit into an account that earns 12% APR compounded monthly so that you can withdraw 1,000 per month for 5 years
mark mayer a cash basis taxpayer leased property on june 1 2012 to perry purly at 325 a month. perry paid mark 325 as a
suppose you buy dinner for 23.75 that includes an 8 sales tax. how much did the restaurant charge you for the dinner
For the year ended December 31, 2017, determine which items would be reported on its income statement for the sale-leaseback transaction.
Calculate the difference in gross profit percentage between Lumber Liquidators and Lowe’s. Calculate the difference in net profit margin between Lumber Liquidators and Lowe’s. Using your answers to requirements 1 and 2, identify the company that best..
Costs of operating the plan were $ 175,000; of this amount $ 150,000 was paid in cash and the remainder was accrued. The accrued expenses at the beginning of the year were also paid. These expenses were administrative in nature.
hh sweet is purchasing equipment for its warehouse by making 9 pmts of 6200 at an interest rate of 8 on july 31 2013
What are management's incentives for establishing and maintaining strong internal controls?
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