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On January 1, 20X6, Climber Corporation acquired 90 percent of Wisden Corporation for $180,000 cash. Wisden reported net income of $30,000 and dividends of $10,000 for 20X6, 20X7, and 20X8. On January 1, 20X6, Wisden reported common stock outstanding of $100,000 and retained earnings of $60,000, and the fair value of the noncontrolling interest was $20,000. It held land with a book value of $30,000 and a market value of $35,000 and equipment with a book value of $50,000 and a market value of $60,000 at the date of combination. The remainder of the differential at acquisition was attributable to an increase in the value of patents, which had a remaining useful life of five years. All depreciable assets held by Wisden at the date of acquisition had a remaining economic life of five years. Climber uses the equity method in accounting for its investment in Wisden. Based on the preceding information, the increase in the fair value of patents held by Wisden is?
With the time and material pricing method, the hourly time charge is typically set equal to:
In determining the initial accounting for leases for both the lessee and the lessor?
prepared from a situation suggested by professor john w. hardy. abilene meat processing corporation is a major
linda and sara are partners who share profits 60 and 40.their capital balances were both 180000 before kim was admitted
grunewal company manufactures a professional grade vacuums cleaner and began operations in 2011. for 2011 grunewald
The Lovely Gum Company has the following information regarding its costs of operations: Selling price $.40 per pack, variable costs 40% of sales, fixed costs $30,000 and target profit $15,000. Use this information to calculate the Break-even volum..
on september 1 2012 winans corporation acquired aumont enterprises for a cash payment of 718430. at the time of
it is the month of april for rand company a producer of gold and silver commemorative medallions. rand company has one
(b)Assume that the conditions are met for the transfer of receivables with recourse to be accounted for as a sale. Prepare the journal entry on August 15, 2014, for Beyoncé to record the sale of receivables, assuming the recourse liability has ..
the audiology department at randall clinic offers many services to the clinics patients. the three most common along
houston corporation has the following stock outstanding5 cumulative preferred stock par 20 50000 shares issued and
a proposed engineering control is expected to cut the accident rate by 40 percent for a given process that was recently
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