Reference no: EM131152541
Problem 1
On January 1, 2011, Carlisle, Inc. acquired 100% of Tid-Bit, Inc. At the time of the acquisition, land and equipment were undervalued by $57,300 and $78,000, respectively. It was determined the equipment had a 10-year useful life. In addition, goodwill of $48,000 was identified.
The financial statements information for both Carlisle and Tid-Bit as of December 31, 2015, are provided in the Assessment 2 Template. An intra-company receivable/payable reported on the financial statements documentation indicates that Tid-Bit owes Carlisle $12,500.
Use the Assessment 2 Template to prepare a consolidation worksheet for Carlisle and Tid-Bit for the year ending December 31, 2015.
Problem 2
Shark Company purchased 70% interest in Fish Company on July 1, 2014. Consideration for the transaction was $791,875 cash. At the time of the purchase, the remaining shares of Fish (30% percent) were owned by various parties worth $339,375.
At the time of the acquisition, the excess of $124,500 was allocated to the patent not recorded on Fish's financial records. The patent is expected to a have remaining life of 5 years. All other excess was allocated to goodwill.
Use the Assessment 2 Template to prepare a consolidation worksheet for Shark and Fish for the year ending December 31, 2014.
Notes for the completion of the worksheet:
• Fish's income was earned evenly throughout the year.
• Fish pays dividends on a quarterly basis.
• There is no significant change in the trading price in Fish's stock.
Attachment:- shark and fish consolidation worksheet.rar
Average interest rates charged by commercial banks
: Find average interest rates charged by commercial banks on new automobile loans, personal loans, and credit card plans.
|
Determine the level of success of your change initiative
: Describe the evaluation methods you will use to determine the level of success of your change initiative. Discuss what metrics or measureable determinates you will use
|
Market development opening additional geographic markets
: Imagine that you have been hired by Amazonto review its long-term online strategy. In a PowerPoint presentation to be given to the long-term planning team, cover the issues listed below. Increasing the current customers’ rate of use Attracting compet..
|
Account that charges interest at the rate
: A credit card account that charges interest at the rate of 1.25% per month would have an effective annual rate (EAR) of ______ and an annual percentage rate (APR) of _____.
|
Prepare a consolidation worksheet for carlisle and tid bit
: prepare a consolidation worksheet for Shark and Fish for the year ending December 31, 2014.- prepare a consolidation worksheet for Carlisle and Tid-Bit for the year ending December 31, 2015.
|
Explain and define the different concepts of the essay topic
: Explain and define the different concepts of the essay topic - for example, for the first assignment explain the elements of crime-mens rea, actus reus, concurrence and proximate cause. Explain how the conduct satisfied the different elements of t..
|
What is the after-tax cost of capital
: The firm is financed with $120,000,000 of common shares (market value), $45,000,000 of preferred stock, and $80,000,000 of debt. What is the after-tax cost of capital for Droz's, if it is subject to a 35 % marginal tax rate?
|
Briefly describe the results of your swot analysis
: Explain why you are pursuing a doctoral degree. Briefly describe the results of your SWOT analysis. Formulate three goals you plan to accomplish as a result of (or in conjunction with) completion of your DBA degree
|
What are the purposes of dna testing
: What are the purposes of DNA testing? Explain in detail. Provide examples where necessary. What is law enforcement's role in making DNA testing possible today when it was not possible 15-20 years ago? Explain.
|