User Account

All Pages

What is the balance in the non controlling interest account

Assignment Help Financial Accounting
Reference no: EM131876263

On January 1, year 1, Palm, Inc. purchased 80% of the stock of Stone Corp. for $4,000,000 cash. Prior to the acquisition, Stone had 100,000 shares of stock outstanding. On the date of acquisition, Stone's stock had a fair value of $52 per share. During the year Stone reported $280,000 in net income and paid dividends of $50,000. What is the balance in the non controlling interest account on Palm's balance sheet on December 31, year 1?

Reference no: EM131876263

Questions Cloud

Consolidated balance sheet for current assets : Clark had consolidated current assets of $320,000. What amount should Clark report in its December 31, year 1 consolidated balance sheet for current assets?
Develop a control-break awk program that reads empn list : Develop a control-break awk program that reads empn.lst and prints a report that groups employees of the same department.
What amount of retained earnings would pane report : What amount of retained earnings would Pane report in its June 30, year 2 consolidated balance sheet?
How being manager on a multicultural has become a part : How being manager on a multicultural and diverse workforce has become a part of all but some of the organizations.
What is the balance in the non controlling interest account : What is the balance in the non controlling interest account on Palm's balance sheet on December 31, year 1?
Write an awk program to print the lines : Write an awk program to print the lines as well as a total of its rows and columns. The program doesn't need to know the number of fields in each line.
What amount should wright report as intercompany receivables : Intercompany payable to King Co. 101,000 In its December 31, year 1 consolidated balance sheet, what amount should Wright report as intercompany receivables?
Write an awk program to print a formatted report of the data : Write an awk program to print a formatted report of the data as well as the total price. Note that the description contains a variable number of words.
What amount of bad debt expense would the company record : What amount of Bad Debt Expense would the company record as an end-of-period adjustment?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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