Reference no: EM13484641

Usry Company holds stock in company A and company B and possesses voting control over both. Balance sheet data follow:

Usry Corporation

Investment		Long-term liabilities	$ 30,000
Company A	$ 20,000	Preferred stock	10,000
Company B	80,000	Common stock equity	60,000
Total	$100,000	Total	$100,000

Company A

Current assets	$200,000	Current liabilities	$100,000
Noncurrent assets	300,000	Long-term liabilities	200,000
		Common stock equity	200,000
Total	$500,000	Total	$500,000

Company B

Current assets	$300,000	Current liabilities	$200,000
Noncurrent assets	400,000	Long-term liabilities	350,000
		Common stock equity	150,000
Total	$700,000	Total	$700,000

(a) What is the percent of total assets controlled by Usry Corporation resulting from its common stock equity?

(b) Assuming another company owns 25 percent of the common stock of Usry and has voting control, what is the percent of the total assets controlled by the other firm's equity?