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Question - Parent Inc. purchased all of the outstanding shares of Sub Ltd. on January 1, Year 1, for $214,000. Amortization of the acquisition differential amounted to $16,000 in each of Years 1 and 2. Parent Inc. reported net income of $100,000 in Year 1 and $110,000 in Year 2 and paid $40,000 in dividends each year. Sub Ltd. reported net income of $33,000 in Year 1 and $39,000 in Year 2 and paid $8,000 in dividends each year. What is the Investment in Sub Ltd. balance on Parent's books as at December 31, Year 2, if the equity method has been used?
on january 1 20x8 ramon corporation acquired 75 percent of tester companys voting common stock for 300000. at the time
in a february 10 2003 businessweek article cvss potent growth potion joseph agnese points out that the retail pharmacy
Carolina incurred warranty costs of $3,750, and in 2014 warranty costs were $6,930. Prepare the journal entries for the preceding transactions
While posting transactions, why do you need to record the respective General Journal and General Ledger page numbers in the post reference columns?
Prepare the journal entry to record the sale of the bonds on January 1, 2008, and the proper balance sheet presentation on this date. Prepare the journal entry to record interest expense on December 31, 2008, and the proper balance sheet presentat..
a new member of the san diego chargers wants the team to transfer 1000000 into an escrow account in his name for later
Icon Industries is considering a new product for its Trophy Division. The product, which would feature an alligator, is expected to have global market appeal and to become the mascot for many high school and university athletic teams.
Public companies have to file their annual reports to the Securities and Exchange Commission. There are rules that companies are required to follow.
Advise Andrew of the general rules in this area of the tax law. Include a brief discussion of substantiation requirements
scheer companys standard labor cost of producing one unit of product dd is 4 hours at the rate of 12.00 per hour.
Compare the Bank Statement with the Cash Receipts Journal and Cash Payments Journal. Make supplementary entries in both journals. Close off/cast the bank columns in the journals
Kellerman Company purchased a building and land with a fair market value of $550,000. What will be the amount of interest pain in second year
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