User Account

All Pages

How should tony consolidated financial statement

Assignment Help Accounting Basics
Reference no: EM132011523

Question - Tony Computer Services Corporation trades 50% of its common stock for the rights to certain computer programs of the Janet Corporation. Janet previously expensed such costs of developing these computer programs. Tony concurrently sold the other 50% interest in its stock to the Jeannette Company for $1,000,000. Tony later acquired another the rights to the Udder Computer Company's computer programs in exchange for stock valued at $1,500,000. Tony, thus, debited Investments in Subsidiaries and credited Earnings for $1.5 million to reflect this latest transaction. How should Tony's consolidated financial statement reflect the value of the expensed computer programs?

Reference no: EM132011523

Questions Cloud

Calculate the peak-to-peak value of vout : Given a voltage gain of -10, determine the value of R2. Calculate the peak-to-peak value of Vout and rms value of Vout.
How can the high failure rates of erp systems be reduced : How can the high failure rates of ERP systems (up to 70% according to industry analysts) be reduced?
Why you believe such diversity of approaches exists : Analyze each reason listed above as a reason for a diversity of approaches to software construction and modeling.
Determine the best uses of 3g and 4g technology : Compare the pros and cons of 3G and 4G technology to determine the best uses of 3G and 4G technology in today's applications.
How should tony consolidated financial statement : How should Tony's consolidated financial statement reflect the value of the expensed computer programs
What is a telecommunications system : What is the significance of telecommunications for organizations and society? What is a telecommunications system?
Prepare the journal entry to record income tax expense : Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2014
What is the current cybersecurity-related situation : What is the current cybersecurity-related situation involving the topic you chose? What do you predict will happen in the future regarding your topic?
Evaluate your experience during the class exercise : Evaluate your experience during the class exercise. This assignment provides you another opportunity to "participate" in the exercise

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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