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Question - Company A acquires Company B for $250,000 in cash on January 1st. The acquisition has no differential versus book value. Company A begins the year with $300,000 in retained earnings, has net income during the year of $130,000, and pays out $60,000 in dividends. Company A follows the cost method for computing its net income. Company B has total assets of $320,000, liabilities of $70,000, common stock of $120,000, and retained earnings of $130,000 as of January 1st. During the year, Company B earns $35,000 in net income and pays no dividend. What is the consolidated entity's retained earnings as of the end of the year?
Prepare a scattergraph by plotting power costs against machine hours. Does the scattergraph show a linear relationship between machine hours and power cost?
Prepare journal entries to record the following. (a) The issuance of the bonds. (b) The accrual of interest on December 31, 2017
If the present value of an ordinary, 8-year annuity is $7,000 and interest rates are 8.0 percent, what's the present value of the same annuity due?
Commonwealth Construction (CC) needs $2 million of assets to get started, and it expects to have a basic earning power ratio of 30%. CC will own no securities, so all of its income will be operating income. Assuming a 40% tax rate on all taxable inco..
Calculate the monthly installment. Akbar purchased Honda Civic car through bank lease financing. The total value of the car is Rs 3,600,000 of which Akbar made.
Given the concept of accountability for use of public resources and government authority, you evaluated internal control in the DOE environment
assume sam sell 2500 books on account for 11 each cost these book is 16500 on 10th october 2012. one hundred of these
Purpose of the IPSASB's Conceptual Framework project is to develop concepts, definitions and principles that and respond to the objectives, environment and circumstances of governments and other public sector entities; and therefore
Question - Hossein has a goal of accumulating $2475 at the time of his future retirement date. How long will Hossein need to wait
Illustrate what is the overall impact on net income over the two accounting periods? (Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.)
A manufacturer of towels and bath accessories in West Virginia has agreed to ROG dating, so that the retailer can use a cheaper but slower method of transportation. Terms of 2/10 ROG and FOB Factory have been agreed upon.
evaluate of variable-overhead spending variance and the variable-overhead efficiency variancegantt textiles inc.
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