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On January 1, 2011, Harrison, Inc., acquired 90 percent of Starr Company in exchange for $1,125,000 fair-value consideration. The total fair value of Starr Company was assessed at $1,200,000. Harrison computed annual excess fair-value amortization of $8,000 based on the difference between Starr's total fair value and its underlying net asset fair value. The subsidiary reported earnings of $70,000 in 2011 and $90,000 in 2012 with dividend payments of $30,000 each year. Apart from its investment in Starr, Harrison had income of $220,000 in 2011 and $260,000 in 2012.(a) What is the ending noncontrolling interest balance as of December 31, 2012?
On December 31, 2003, after $250 of the premium has been amortized, Stadler bought back all of the bonds at 103. What is the amount of gain or loss on the retirement of the bonds?
when comparing various divisions within a company describe what problems can arise from evaluating divisions that have
the following selected account balances were taken from buckeye companys general ledger at january 1 2005 and december
a truck costing 25000 and uninsured was wrecked the very first day it was used. it can either be disposed of for 5000
What is an implicit ack, how is it used, and what benet does it provide? What is non-blocking synchronization? What is Type-Stable Memory Management (TSM),
During the fiscal year of June 2012, Lincoln General Hospital, a not-for-profit healthcare organization, had the following revenue-related transactions.
What is the absorption costing breakeven point in units?
1. Alpha Co. sold 10,000 shares of common stock, which has a par value of $10, for $13 per share. Their balance in retained earnings in $75,000. Prepare a stockholders' equity section of the company's balance sheet.
company ford motor company fwhat types of non-current assets are carried on the balance sheet?what is the companys
explain for the students the primary objectives of accounting.describe the basic terminology of the accounting process
barnett company uses the weighted-average method in itsprocess costing system. the company adds materials t
If the president is right, what will be the effect on the company's monthly net operating income or loss? Using the incremental approach in perparing the answer?
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