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Question 1: A 30% share was purchased in company X at the beginning of the year for 300000. During the year, company X reported net income of 200000 and paid dividends of 50000. During the year subsidiary A generates net income of 500000. What is the non-controlling interest piece on the consolidated income statement? Indicate both the amount and direction (a plus or minus) in calculating consolidated net income.
Can someone assist with this question? I've checked up and down, but can't figure out how to get the correct answers for unit cost on this. I keep second guessing myself and the numbers are all different.
A project requires an investment of $1,400 and has a net present value of $400. What is the profitability index for the project
Describe and explain the nature and scope of forensic auditing and how it differs from the normal statutory audit of companies.
If the firm is in the 34% tax bracket, how many shares of stock will be repurchased?
Studios reported a net capital loss of $30,000 in year 5. It reported net capital gains of $14,000 in year 4 and $27,000 in year 6. What is the amount and nature of the book-tax difference in year 6 related to the net capital carryover?
You never want to pay more than 12.5% effective rate per year. What would be the APR (Nominal rate per year) if the card compounds every quarter?
The following equity investment transactions were completed by Chung Company in 2016: Journalize the entries for these transactions. Refer to the Chart of Accounts for exact wording of account titles. When required, round your answers to the nearest ..
All operating costs are variable as a percentage of total sales.
On February 1, 2019, How to Prepare the journal entries that would be prepared on the: Transaction Date; Reporting Date; and Settlement Date
selection of purchase alternatives under npv.prince companys required rate of return is 10. the company is considering
From the perspective of a user of Delacosta's statement of financial position, discuss the importance of proper accounting for goodwill.
The Boring Company prepares financial statements monthly using the accrual method of accounting
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