How much will the non-controlling interest in the preferred

Assignment Help Financial Accounting
Reference no: EM132761808

Problem 1: If the shareholder's equity allocated to the subsidiary's preference shares amounts to $240,000 and the parent company acquires 60% of the subsidiary's preference shares at a cost of $150,000, how much will the non-controlling interest in the preferred shares amount to after the purchase by the parent.

a) $90,000

b) $96,000

c) $240,000

d) $120,000

Reference no: EM132761808

Questions Cloud

How much did shareholders initially invest in the business : The company earned $85,500 during the first year, and distributed $26,000 to shareholders as dividends. How much did shareholders initially invest
What is the weighted average cost of capital for easy car co : Currently have a yield to maturity? (YTM) of 14%. What is the weighted average cost of capital (WACC) for Easy Car Corp. if the corporate tax rate is 20%?
How did she become infected with microbe : How did she become infected with this microbe? Explain the pathogenesis of this disease.
How much of the salaries for marcia and zack deductible : How much of the 2020 salaries for Marcia and Zack is deductible by Broadbill in 2020 if the corporation is An accrual method taxpayer?
How much will the non-controlling interest in the preferred : Preference shares at a cost of $150,000, how much will the non-controlling interest in the preferred shares amount to after the purchase by the parent.
Give the entry to record the sale of the season tickets : Blossom University, Give the entry to record (a) the sale of the season tickets and (b) the revenue recognized after playing the first home game.
Does julian have to structure the retrofit business : Julian has a number of questions relating to important issues surrounding the future of his business - What options does Julian have to structure the Retrofit
What is Salme correct cash balance at March : Corona discovered that it had erroneously recorded a check for P460 that should have been recorded for P 640. What is Salme correct cash balance at March
Prepare the entries on markowitz books to record the sale : Issues were mailed in February 2021. Prepare the entries on Markowitz's books to record the sale of the subscriptions and the mailing of the first issues

Reviews

Write a Review

Financial Accounting Questions & Answers

  Demonstrate how much should be willing to pay for the bond

If you require an "effective" annual interest rate (not a nominal rate) of 8 16%, how much should you be willing to pay for the bond?

  Determine net sales for the two months ended december

Assume that Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts are treated as contra revenues: compute net sales for the two months ended December 31, 2011.

  An opportunity cost is the value of future expenditures

While there are a variety of management tools that are available to managers, choosing only one tool is best in the best decision making process to allow for consistency. The art of decision making may be perfected with time, as all decisions are rel..

  Calculate the weights of vbtlx and vfiax

Calculate the weights of VBTLX and VFIAX that achieve a portfolio allocation that represents an "optimal risky portfolio" on the efficient frontier

  What effect will a decrease in interest rates

What effect will a decrease in interest rates below the face interest rate and before a bond is issued have on the cash received from the bond issue?

  Illustrate what tax planning strategies do you think need

Given that the Alternative Minimum Tax can apply to all forms of businesses, illustrate what tax planning strategies do you think need to be utilized and why?

  Accounting treatment-including any required disclosures

In August, 2010, a worker was injured in the factory in an accident partially as the result of his own negligence. The worker has sued Wesley Co. for $800,000. Counsel believes it is reasonably possible that the outcome of the suit will be unfavorabl..

  Calculate his net wages

K. Blake is employed at the rate of £6 per hour. During the week to 25 May 2016 he works 35 hours. According to the tax and National Insurance tables he should pay income tax £28 and National Insurance £18. Calculate his net wages.

  What amount should manufacturing plant be initially record

Factor Company built an item of plant manufacturing division. What amount should the manufacturing plant be initially recorded?

  Calculate employer total payroll tax liability for period

Suppose Jim worked 72 hours during this payroll period and is paid $14.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and withholding tax is 10%. Calculate Jim's employer's total payroll tax liability for the period.

  How is depreciation expense recorded

how is depreciation expense recorded on the statement of cash flows

  Equivalent units of production for conversion costs

The Martin Company uses the weighted average method. The beginning work in process consists of 6,000 units (100% completed as to materials and 50% complete as to conversion costs). The number of units completed was 120,000. What are the equivalent un..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd