User Account

All Pages

What is the consolidated balance of the equipment account

Assignment Help Accounting Basics
Reference no: EM132947954

Question - Royce Co. acquired 48% of Park Co. for $420,000 when Park's book value was $560,000. On that date, Park had equipment (with a ten-year life) that was undervalued in the financial records by $140,000. Two years later, the following figures were reported by the two companies (stockholders' equity accounts have been omitted from their separate operations). What is the consolidated balance of the Equipment account?

Reference no: EM132947954

Questions Cloud

What are the key questions for starbucks managers : Identify the different strengths and weaknesses in resources, capabilities, and core competencies facing Starbucks Corporation.
Identify organisation of choice with strong corporate : Identify an organisation of your choice with a strong corporate social responsibility drive in South Africa.
What is the income tax payable for the year : The tax rate is 32% for all years. There are no deferred taxes at the beginning of 2020. What is the income tax payable for the year 2020
What do if the person asks to sit down : Food is everywhere, and roaches are crawling around the house. What do you do if the person asks you to sit down? What if you are offered food?
What is the consolidated balance of the equipment account : Royce Co. acquired 48% of Park Co. for $420,000 when Park's book value was $560,000. What is the consolidated balance of the Equipment account
List the personal attributes that believe contribute : List the personal attributes that you believe contribute to a person eventually achieving positive net worth. Do not use material goods
Identify the implied premise in the enthymeme : Research for an example of an enthymeme in the media. You may find an op-ed, political piece, advertising, et cetera.
How provisions of the aca directly impact long-term care : Give an example of how provisions of the ACA directly impact long-term care providers. In your opinion, has the ACA been good or bad and why
How technology has impacted the provision of care : How technology has impacted the provision of care. The next challenge for direct care, is embracing the idea that data can be used in real-time

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