Reference no: EM13144282
"Bell Company acquires 80% of Demers Company for $500,000 on January 1, 2009. Demers reported common stock of $300,000 and retained earnings of $200,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired. Demers earns income and pays dividends as follows:
2009 net income $100000 dividends 40000
2010 net income $120000 dividends 50000
2011 net income $130000 dividends 60000
Assume the equity method is applied.
Compute Bell's investment in Demers at December 31, 2011.
Compute Bell's income from Demers for the year ended December 31, 2011.
Compute the non-controlling interest in the net income of Demers at December 31, 2011.
Compute the non-controlling interest of Demers at December 31, 2011.
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Compute the volume of oxygen at stp
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Adjust the inventory records by increasing inventory
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Compute the volume of oxygen at stp
: It decomposes into its elements. Write the balanced equation for this reaction. If 71.8 g of Hgo is decomposed, calculate the volume of oxygen at STP
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Praise notes to promote
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Non-controlling interest in the net income
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Compute the average spacing between water molecules
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Investment to fair value
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Prepare the consolidation entries
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