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Goehler, Inc. acquires all of the voting stock of Kenneth, Inc. on January 4, 2012, at an amount in excess of Kenneth's fair value. On that date, Kenneth has equipment with a book value of $90,000 and a fair value of $120,000 (10-year remaining life). Goehler has equipment with a book value of $800,000 and a fair value of $1,200,000 (10-year remaining life). On December 31, 2013, Goehler has equipment with a book value of $975,000 but a fair value of $1,350,000 and Kenneth has equipment with a book value of $105,000 but a fair value of $125,000.
If Goehler applies the partial equity method in accounting for Kenneth, what is the consolidated balance for the Equipment account as of December 31, 2013?
The Longs Fertilizer Company has about 500 customers that buy fertilizer on account. If the customers' accounts were kept in the general ledger, how many additional items would appear in the trial balance?
Which business entity’s owners are all not subject to self-employment tax on their respective share of the entity’s profits?
New equipment purchased during 20x4 totaled $280,000. The 20x4 income statement disclosed equipment depreciation expense of $41,000 and a $9,000 loss on the sale of equipment. Determine the selling price of the equipment sold.
Compute the after-tax NPV of the new lift and advise the managers of Deer Valley about whether adding the lift will be a profitable investment.
Which types of transactions, exchanges, or events would indicate that an investor has the ability to exercise significant influence over the operations of an investee?
An analysis was performed on gas mileage at a local automotive testing ground. The purpose of the study was to try and determine whether tire pressure, timing setting, type of oil, and/or type of gas had significant effects on gas mileage. Timing set..
Find NYSE MarkeTrac and click on the DJIA ticker tape, which shows trades for the stocks in the Dow Jones Industrial Averages.- What are the latest price, dividend yield, and P/E ratio?
Human Resource Management aims to maximize employees as well asorganizational
Determine the appropriate amounts to complete the following schedule. Show computations, and round to the nearest dollar.
By how much would Gorga's profits change if 15,000 of part QT34 are purchased from Roseland? At what price would Gorga be indifferent to Roseland's offer?
Kelsh Company had the following budgeted and actual costs for 2015: Assume Kelsh Company uses a normal cost system. The company allocates manufacturing overhead costs using direct manufacturing labor costs. Assume Kelsh Company uses a normal cost sys..
What are the main business benefits of the collaboration technologies described in the case? How do these go beyond saving on corporate travel? Provide several specific examples.
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