Zeta corporation and its subsidiary reported consolidated

Assignment Help Accounting Basics
Reference no: EM13580818

Zeta corporation and its subsidiary reported consolidated net income of $320,000 for the year ended december 31, 20x8. zeta owns 80 percent of the common shares of its subsidiary, acquired at book value. noncontrolling interest was assigned income of $30,000 in the consolidated income statement for 20x8. What is the amount of separate operating income reported by zeta for the year?

Reference no: EM13580818

Questions Cloud

Stallman company took a physical inventory on december 31 : stallman company took a physical inventory on december 31 and determined that goods costing 275260 were on hand. not
On the first day of its fiscal year elbert company issued : on the first day of its fiscal year elbert company issued 50000000 of 10-year 7 bonds to finance its operations.
A stockbroker advises a client to buy preferred stocku2026 : a stockbroker advises a client to buy preferred stocku2026. with that type of stocku2026 you will never have to worry
Why are investments in marketable securities shown : why are investments in marketable securities shown separately from cash equivalents in the balance
Zeta corporation and its subsidiary reported consolidated : zeta corporation and its subsidiary reported consolidated net income of 320000 for the year ended december 31 20x8.
Won han co has four departments materials personnel : won han co. has four departments materials personnel manufacturing and packaging. in a recent month the four
Shunda corporation wholesales parts to appliance : shunda corporation wholesales parts to appliance manufacturers. on january 1 2014 shunda corporation issued 22000000 of
Compute the manufacturing cycle efficiency mcewhat : johnson corporation keeps careful track of the time required to fill orders. the times required for a particular order
Jim is married and files a joint return jim and his wife : jim is married and files a joint return. jim and his wife have two dependent children. they have agi 30000 and itemized

Reviews

Write a Review

Accounting Basics Questions & Answers

  Direct and indirect method-statement of cash flows

Explain the differences between the "Direct Method" and the "Indirect Method" of presentation of the Statement of Cash Flows and how each differs for the reporting classifications.

  Journal entry recording the transaction

Assume that Rex Company issues 2,000 shares of $ 20 par Common Stock for cash of $50,000. Please give the journal entry to record the transaction.

  Financial perspective of balanced scorecard

Identify four measures that Nordstrom could include in the financial perspective of a balanced scorecard. How do the measures that you have chosen differ from one another? Ideally, should each measure increase or decrease over time?

  In 2010 toni purchased 100 shares of common stock in blue

in 2010 toni purchased 100 shares of common stock in blue corporation for 5280. in 2011 blue declared a stock dividend

  How much are total manufacturing costs for the period

How much are total manufacturing costs for the period?

  Estimated liability for warranties account

Determine the adjusted ending balance in the Estimated Liability for Warranties account. Example: You invest $1,000 for 3 years earning 9% simple interest. How much will you have at the end of three years?

  How should clyde treat payment on his 2010 tax return

This is a tax research problem - Clyde had work for many years as the chief executive of Red Industries, and had also been a major shareholder. Clyde and the company had a falling out, and Clyde was terminated.

  Determin the total and per-unit cost of manufacturing the

hickory grill company manufactures two types of grillsthe gas cooker and charcoal smoker. the cooker is a premium

  Calculate the funding levels and capital gains

Calculate the funding levels and capital gains experienced by Coca-Cola and PepsiCo in their respective pension funds.

  Which was carried on the year-end balance sheet at 156800

finlon upholstery inc. uses a job-order costing system to accumulate manufacturing costs. the companys work-in-process

  Bonds maturity on the accounts and financial statements

Illustrate the effects of the payment of the face value of bonds at maturity on the accounts and financial statements.

  Find variable overhead spending variance for month

Suski Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). What was the variable overhead spending variance for the month?

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!

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