User Account

All Pages

What was the non-controlling interest share of stroban

Assignment Help Accounting Basics
Reference no: EM131903680

Question - Hambly Corp. owned 80% of the voting common stock of Stroban Co. During 2011, Stroban sold a parcel of land to Hambly. The land had a book value of $82,000 and was sold to Hambly for $145,000. Stroban's reported net income for 2011 was $119,000.

Required: What was the non-controlling interest's share of Stroban Co.'s net income?

Reference no: EM131903680

Questions Cloud

How do customers evaluate proposals : Should a contractor try to contact a customer after a proposal has been submitted? Why or why not? How do customers evaluate proposals?
Charge of the risk management team : You are in charge of the risk management team that must investigate this incident and report to the CEO of the hospital.
List some applications for large-screen displays : Explain how viflual-reality systems can be used in design applications. List some applications for large-screen displays.
Describe two different types of contracts : Describe two different types of contracts, when each should be used, and the risks associated with each.
What was the non-controlling interest share of stroban : Stroban's reported net income for 2011 was $119,000. What was the non-controlling interest's share of Stroban Co.'s net income
Appropriateness of using homogenised : The appropriateness of using homogenised and unpasteurised milk to make hard cheese
Explain how users interact with a virtual scene displayed : Also explain how users interact with a virtual scene displayed with diC ferent output devices, such as two-dimensional and stereoscopic monitors.
Find a sample proposal that has been posted on the web : Based on the results of your search, find a sample proposal that has been posted on the Web. What company or organization developed the proposal.
Determine what balance would be included in a december : Assume that Bellington paid cash of $2.8 million. Required: For Goodwill, determine what balance would be included in a December 1, 2010 consolidation

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd