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Question - On January 1, Humphries Inc. acquired common stock of Donaldson Company at book value. During the current year, Donaldson earned $80 million and declared dividends of $10 million.
Indicate the amount shown for Investment in Donaldson on Humphries Inc.'s balance sheet on December 31 and the amount of income Humphries Inc. would report for the year related to its investment under the assumption that Humphries Inc. did the following:
-Paid $20 million for a 10-percent interest in Donaldson and classifies the investment as a passive investment. The fair value of the investment at December 31st was now $23 million.
-Paid $70 million for a 35-percent interest in Donaldson and uses the equity method. The fair value of the investment at December 31st was now $73 million.
Comprehensive At the beginning of 2013, Norris Company had a deferred tax liability of $6,500, because of the use of MACRS depreciation for income tax purposes and units-of-production depreciation for financial reporting. Prepare Norri's 2013 stateme..
BUS5IAF What are the short-term and long-term debts used by your firm - Is your company's debt structure consistent with the industry
Ms. Brown has a house assessed at $55,800 (62% of sale value). Her tax rate is $3.25 per $100 of assessed value. Who pays the greater tax and by how much
Brush Industries reports the following information for May: Sales $950,000 Fixed cost of goods sold 110,000 Variable cost of goods sold 260,000 Fixed selling and administrative costs 110,000 Variable selling and administrative costs 135,000 Calculate..
What would be the effect of these entries on total liabilities in June? X Company, a merchandiser, prepares monthly financial statements.
Compute the effect of this event on their tax liability, assuming that their AGI was $103,000, and their taxable income before considering the new dependent
There is a firm , which grows at 40% and 10% the first 2 years, respectively. Afterward, it grows at 2% annually. If the dividend at zero is $1 , the beta is .3 , the market premium is 7% and the default free rate is 4%, calculate the price.
Prepare the journal entry to record the sale of the 900 yearly subscriptions during the month of August. Prepare the adjusting journal entry on August 31
Compute the depreciation expense to be recognized each calendar year for financial reporting purposes under the straight-line depreciation method
be you apparel inc. is considering two investment projects. the estimated net cash flows from each project are as
The year-end inventory shows $135,000 worth of merchandise available at retail prices. What is the cost of the ending inventory calculated?
Northwood is a company engaged solely in the manufacture of basketballs, Compute last year's CM (C/S) ratio and the break-even point in balls.
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