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Question - Prairie Corporation is a primary beneficiary for Vintage Company, a variable interest entity. When Prairie obtained financial control over Vintage, any excess fair value over Prairie's book value was attributed solely to goodwill. Prairie owns 15 percent of Vintage Company's common stock and participation rights that entitle it to an additional 40 percent of Vintage's net income. In the current year, Prairie reports $400,000 of net income before consideration of its investment in Vintage. Vintage Company reports net income of $100,000. What amount of consolidated net income is attributable to the non-controlling interest?
Consider WACC you produced above on question No.3 do you accept or reject the new project (use NCBR method to evaluate the new project-launching
The segregation of duties framework presented in class requires that which of the following three duties be performed by separate individuals?
What different kinds of boundaries (prohibitions/limitations) Islam imposes on economic/financial transactions
Discuss in two paragraphs if internal controls in this scenario are adequate for the rendering of a certified opinion? What recommendations would you make in order to increase the use of internal controls in this area?
On January 1, 2020, Flint Company purchased 10% bonds having a maturity value of $420,000, for $453,537.42. Prepare a bond amortization schedule
The company found a company that is willing to buy the equipment for $23,216.94. What is the amount of the gain or loss on this transaction
Explain how this external stakeholder relationship can lead to the widespread application of Section 404 of the Act.
During self-construction of building by Samuelson Company incurred $586,806 weighted average accumulated expenditure. What is the amount of avoidable interest?
Which one is not a main objective of the Sarbanes-Oxley Act? Which one is not correct practice under GAAP
Hoover Company mined 400,000 tons of coal. What is the effect on the income statement and the statement of cash flows for 2017
What amount would represent the December 31, 2021 year end accrued interest expense rounded to the nearest dollar
Which is the main issues to consider when implementing a balanced scorecard include all the Except? Top managers must fully support its implementation
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