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On January 1, 2014, Farming Associates purchased 25% of the outstanding shares of stock of Anders Corp for $125k cash. The investment will be accounted for by the equity method. On that date, Anders's net assets (book and fair value) were $250k. Farming has determined that the excess of the cost of its investment in Anders over its share of Anders's net assets is attributable to equipment whose market value exceeds its carrying value by $95k and to an operating license whose market value exceeds its carryiing value by $95k. The remaining useful life of the equipment is 10 years and the remaining useful life of the operating license is 20 years.
Anders's net income for the year ended Dec. 31, 2014, was $55k. During 2014, Farming received $4,500 cash dividends from Anders. There were no ther transactions between the two companies.
Computer the amount that would be reported on Farming Associates' books for the investment in Anders Corp. at Dec. 31, 2014.
A private-purpose trust fund sold investments in securities having a carrying value of $23,000 for $26,000, resulting in a $3,000 gain on the change in value. If there are no trust provisions to the contrary, the gain is generally??
Using the activity base info in (a), determine the annual amount of payroll and purchasing costs charged back to the Residential, COmmercial, and Government contract divisions from payroll and purchasing services.
A company has 60,000 shares of common stock issued and outstanding on January 1, 2014. On April 1, the company issues an additional 10,000 shares. On Oct 1 the company repurchases 20,000 shares as treasury stock. What will the company use as it's..
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george dick an employee of plum corporation drove his car atotal of 17.966 miles during 2008. of the total miles 17.122
A state run monthly lottery can sell 13,111 tickets at $4 a piece. A ticket wins $100,000 with probability 0.00002, $100 with probability 0.006, and $10 with probability 0.08. On average, how much can the state expect to profit from the lottery pe..
Evaluate her entry date into the plan and determine Harriet's vesting years as of 31 st December, 2000
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problem -1acomparativenbspnbspstatement data for farris company and ratzlaff company twonbspnbspcompetitors appear
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