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!
Question - On January 1, 2019, Paulson Corporation purchased 65% of the outstanding common stock of Sun Company, which became a subsidiary of Paulson. No goodwill was reported on this acquisition. Differences between book value and fair value of the net identifiable assets of Sun Company on January 1, 2019, were limited to the following:
Book value
Fair value
Inventories (FIFO)
$19,000
$18,500
Building (net) [remaining life: 5 years; straight-line depreciation; no salvage value]
45,000
40,000
Sun's cost of goods sold was $38,000 in 2019. Sun reported an income of 30,000 in 2020. What the non-controlling interest in net income for the year ended December 31, 2020 (second year after business combination)?
1. $10,150
2. $10,850
3. $10,325
4. $10,675
Show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and deferred revenue on December 31
Required: Record the journal entries for a) the adjusting entry at the 2013 year end assuming the balance sheet approach
Discuss the advantages of understanding accounting as it relates to your current or future position. Consider careers in management, sales, business operations.
great plains transportation inc. is considering acquiring equipment at a cost of 246000. the equipment has an estimated
topeka bike company received a 940 check from a customer for the balance due. the transaction was erroneously recorded
Prepare an income statement, a statement retained earnings, and a balance sheet for the company. The prepareis adjusting and closing entries from the worksheet Can the work sheet be used as a substitute for the financial statement? Explain your an..
Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, What is McDonald's contribution margin
The property tax paid for a property at a tax rate of 0.754% is $5,239.31.Calculate the assessed value of the property. Provide the calculation.
What amount would Jones report as Common Stock in the equity section of its December 31 balance sheet
If the company uses the multiple step income statement what is net income? What is total net sales for this company
Describe a real or hypothetical situation in which a business made an inappropriate long-term capital investment decision and its apparent underlying causes
Blanchard Company manufactures a single product that sells for $155 per unit, Compute the company's contribution margin per unit
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