Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Python acquires 80% of the voting stock of Slither on January 1, 2017 for $1,500,000. The fair value of the noncontrolling interest is $350,000. Slither's balance sheet at the date of acquisition is as follows: Book Value Dr (Cr) Fair Value Dr (Cr) Tangible assets $5,000,000 $3,500,000 Identifiable intangibles - 2,000,000 Liabilities (3,000,000) (3,000,000) Capital stock (500,000) - Retained earnings (1,400,000) - Accumulated other comprehensive income (100,000) On the consolidation working paper at January 1, 2017, what is the credit to noncontrolling interest in equity for eliminating entry (E)? (Points : 4) $100,000 $-0- $300,000 $400,000
Support your speculation with evidence or examples and cite the Websites used in your research.
A company uses the allowance method to account for uncollectible accounts. Record the write-off of the uncollectible accounts
Reveen Products sells camping equipment. Compute the company's break-even point in number of lanterns and in total sales dollars
owned 51 of the voting common stock of sanatee inc. the parents interest was acquired several years ago on the date
explaination of why the competitive implications both the pros and the cons of the Sarbanes-Oxley Act
Calculate the amount of interest income earned by Husemann Co. during fiical 2016 and show in the horizontal model
Merchants Bank offers to lend you the $50,000, but it will charge 6.0%, simple interest, with interest paid at the end of the year. What's the difference in the effective annual rates charged by the two banks?
At a sales level of $270,000, the magnitude of operating leverage for Donuts Unlimited is 1.5. If sales increase by 20%, profits (net income) will increase by:
Ignoring income taxes, prepare the appropriate correcting entry for the equipment capitalization error discovered in 2011.
Describe the implicit assumption made in SFAS No. 94 about the reporting entity. What is push-down accounting? What problems would arise in connection?
hannon company makes swimsuits and sells these suits directly to retailers. although hannon has a variety of suits it
Janice Corporation UK is public corporation which manufactures a technology. Janice uses fair value measurement for the measurement of all assets of its business.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd