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!
On January 3, 2011, Austin Corp. purchased 25% of the voting common stock of Gainsville Co., paying $2,500,000. Austin decided to use the equity method to account for this investment. At the time of this investment, Gainsville's total stockholder's equity was $8,000,000. Austin gathered the following information about Gainsville's assets and liabilities: Buildings (10 year life) had a book value of $400,000 and a fair value of $500,000, equipment (5 year life) had a book value of $1,000,000 and a fair value of $1,300,000, and franchises (8 year life) had a book value of $0 and a fair value of $400,000. For all other assets and liabilities, book value and fair value were equal. Any excess of cost over fair value was attributed to goodwill, which has not been impaired. For 2011, what is the total amount of excess amortization for Austin's 25% investment in Gainsville? Please show work.
A firm has $600 market value of equity and $300 market value of debt. The firm also has $100 in nonconsolidated subsidiaries and $50 in excess cash. If the firm’s expected EBITA is $100, what is the value-to-EBITA ratio?
During the current period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were 1/5 complete at the beginning of the period and 30,000 were started and completed during the period.
A company's ending inventory of finished goods has a cost of $35,000 and consists of 750 units. If the overhead applicable to these goods is $8,400, and overhead is applied at the rate of 60% of direct labor, what are the costs of the direct material..
If you had the money now, you could invest it in an account with a quoted annual interest rate of 2% with monthly compounding of interest. What is the present value of the stream of payments you will receive?
What is the amount of unrestricted Cash and Investments and what is the amount restricted Cash and Investments
Compare and contrast the key similarities and differences between GAAP and IFRS with respect to income tax accounting. Analyze two (2) tax differences and determine which difference would provide the greatest tax benefit to a corporation. Write a bri..
Direct materials-Direct labor-Variable manufacturing overhead
On July 1, 2010, Boston Company purchased a machine at a cost of $80,000.
You have just won the lottery! You can either receive $5,000 a year for 15 years or $50,000 as a lump sum payment today. What is the interest rate on the annuity option?
What is the firm's net income after taxes - If the company's tax rate was 34 percent, what is its net income after taxes?
preparing income statementnbsp and retained earnings statement and balance sheetnbsp and calculate certain ratios
In Lizzie Shoes’ experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. How much gift card revenue associated with the August 2016 gift card sales would Lizzie get to recognize in 2016 and 2017?
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