User Account

All Pages

What is the consolidated balance for Land

Assignment Help Cost Accounting
Reference no: EM133062654

Question - When Jolt Co. acquired 75% of the common stock of Yelts Corp., Yelts owned land with a book value of $70,000 and a fair value of $100,000. Jolt owned land with a book value of $100,000 and a fair value of $200,000. Yelts owned bonds payable that has a book value of $20,000 and a fair value of $19,000. Jolt owned bonds payable that has a book value of $40,000 and a fair value of $41,000. After consolidation on acquisition date, what is the consolidated balance for (1) Land and (2) Bonds payable?

Reference no: EM133062654

Questions Cloud

Explain the potential strategy : Suppose your firm invested in a callable bond recently when interest rates were high and the bond has three more years to go before the first call date.
Explain the meaning of the var : Assume you have a portfolio consisting of a $400,000 investment in stock A and a $600,000 investment in stock B.
Investing in real estate : As someone who is only in their second year of college, real estate investment isn't all too relevant to me at this moment, despite how interesting it is.
Biggest benefits in investments in reits : What are the biggest benefits in investments in REITs?
What is the consolidated balance for Land : Yelts owned land with a book value of $70,000 and a fair value of $100,000. What is the consolidated balance for Land and Bonds payable
What is the price-earnings ratio : A company pays out all its earnings as dividends. It will pay its next $2.50 per share dividend in a year.
Calculate payback period for project : Wahid Roofting Materials Inc. is considering two mutually exclusive projects, each with an initial investment of $150,000. The company's board of directors has
Compute the April sale price used for the flexible budget : Sales in units: Planned = 2,000; actual = 2,200. KCK3's actual April sales = $12,100. Compute the April sale price used for the flexible budget
What is the proportion y : You are a Morgan Stanley portfolio manager of a risky portfolio with an expected rate of return of 17% and a standard deviation of 28%.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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