User Account

All Pages

What is the amount of non-controlling interest share

Assignment Help Financial Accounting
Reference no: EM132801715

Question - Bob Corporation purchased a 70% interest in Stage Corporation on June 1, 2013 at a purchase price of $350,000. On June 1, 2013, the book values of Stage's assets and liabilities were equal to fair values. On June 1, 2013, Stage's stockholders' equity consisted of $290,000 of Common Stock and $210,000 of Retained Earnings. All cost-book differentials were attributed to goodwill.

During 2013, Stage earned $240,000 of net income, earned uniformly throughout the year and paid $5,000 of dividends on March 1 and another $5,000 on September 1.

What is the amount of non-controlling interest share for 2013?

What is the amount of Preacquisition income for 2013?

What is the amount of dividends received by Bob Corporation in 2013?

Reference no: EM132801715

Questions Cloud

What is the company cost of equity capital : The company's share price is $24.63 and it has a beta of 0.76. What is the company's cost of equity capital (expressed as a percentage)?
Compute the amount as of december of inventory : Merchandise costing P10,000, shipped FOB destination from a vendor on December 30, 20x1, Compute the amount as of December of Inventory
Describe effective family engagement strategies : The second NAEYC standard for the Preparation of Early Childhood Professionals is Building Family and Community Relationships. According to this standard.
How to implement the solutions you have uncovered : Imagine you have been approached by your supervisor and asked to develop research-based solutions to the professional practice problem you identified in your.
What is the amount of non-controlling interest share : Bob Corporation purchased a 70% interest in Stage Corporation on June 1, 2013 at a purchase price of $350,000. What is amount of non-controlling interest share
Prepare a health policy proposal : In formulating the policy, legislative committees may schedule hearings to provide the opportunity for presentation of information, clarification of issues.
What were the challenges in Implementing Basle III standards : What were the challenges in Implementing Basle III standards for American Financial Institutions
Relationship between language and literacy development : Consider the following scenario through the lens of an experienced early childhood educator. Create an easy to read, accessible reference guide for newly hired.
Evaluate friend decision to buy stock : Your friend decides to buy this stock today knowing she will earn 14.7% for the next year. Evaluate your friend's decision to buy this stock.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Xavier company is going through a chapter bankruptcy every

xavier company is going through a chapter bankruptcy. every asset have been liquidated and the company retains only

  Define and identify the type of income

Define and identify the type of Income / Expenses - Treatment of the Income / Expenses in the Profit and Loss account, Impact of the Income

  Explain how the double-declining-balance method is computed

Explain how the double-declining-balance method is computed. Provide an example of how this method could be used on the new delivery truck purchased for $300,000 to be used for 4 years with a salvage value of $5,000 for year one only.

  Prepare the journal entry to record impairment of the asset

Presented below is information related to equipment owned by Carpenter Company at December 31, 2014. Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2014. Prepare the journal entry (if any) to record depreciat..

  Question use the internet to research two publically traded

question use the internet to research two publically traded united states companies and download their financial

  Gunning''s stock has exhibited a standard deviation

Gunning's stock has exhibited a standard deviation in returns of 0.5, whereas Avon stock has exhibited a standard deviation of 0.9. The correlation coefficient between the stock return is 0.2. What is the standard deviation of a portfolio composed of..

  How much cash will have five years

How much (or less) cash will you have 5 years from now based upon that error if rate to invest funds is 10%? Prepare budget based upon the amount of cash flow

  How much cash are available to brian

How much cash are we talking about? How much cash are available to Brian, the bank, Charles and his friend? What did you observe from the case?

  What the proper balance sheet presentation on december

Notes payable, of which $610000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020 will be?

  What is the fee that can charge to make

What is the fee (percentage of the investment in your fund, deducted at the end of the year) that you can charge to make the client indifferent

  Capitalize and depreciate them over the estimated life

The proper accounting for these restoration costs is: Expense them as incurred. Capitalize and depreciate them over the estimated life of the mine. Add them into the depletion base of the mine.

  What is the current bond price

Ninja Co. issued 19-year bonds a year ago at a coupon rate of 6.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.2 percent, what is the current bond price? Assume a face value of $1,000

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd