User Account

All Pages

What is the consolidated balance for the Equipment account

Assignment Help Accounting Basics
Reference no: EM132880713

Problem - Reeder Corp. acquired one hundred percent of O'Neill Inc. on January 1, 2019, at a price in excess of the subsidiary's fair value. On that date, Reeder's equipment (ten-year life) had a book value of $380,000 but a fair value of $460,000. O'Neill had equipment (ten-year life) with a book value of $240,000 and a fair value of $370,000. Reeder used the partial equity method to record its investment in O'Neill. On December 31, 2021, Reeder had equipment with a book value of $270,000 and a fair value of $400,000. O'Neill had equipment with a book value of $180,000 and a fair value of $300,000. What is the consolidated balance for the Equipment account as of December 31, 2021?

Reference no: EM132880713

Questions Cloud

Common discretionary and contingent assessment methods : What are the most common discretionary and contingent assessment methods? What are the similarities and differences between the use of these two types of method
Briefly outline the performance management process : 1. Briefly outline the performance management process. Be sure to discuss the role of individual managers in the implementation of the process.
Course comprehensive project : Collaboration in a business environment is a best practice that leverages the collective knowledge of the team that is assembled.
Significant role in driving innovations : Discuss how engineers can play a significant role in driving innovations that will benefit customers and increase profits for the firm.
What is the consolidated balance for the Equipment account : Reeder Corp. acquired one hundred percent of O'Neill Inc. on January 1, 2019, What is the consolidated balance for the Equipment account
Improve the relationship between supervisors : You are designing a training program to help improve the relationship between supervisors and their subordinates.
Steps in conducting a job analysis : Describe in detail the steps in conducting a job analysis and the methods used in the process. What are some of the pitfalls that should be avoided?
What ways does the french revolution signify the onset : What is the connection between the French Revolution and nineteenth-century ideologies like liberalism, conservatism, socialism, communism, and nationalism
Describe a feature of a compensation structure : b) Describe a feature of a compensation structure that would serve that imaginary core value or guiding principle

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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