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 1, 2010, Doone corporation acquired 60 percent of the outstanding voting stock of Rockne company for 300,000 consideration. At the acquisition date, the fair value of the 40 percent noncontrolling interest was 200,000 and rockne’s assets and liabilities had a collective net fair value of 500,000. Doone uses the equity method in its internal records to account for its investment in Rockne. Rockne reports net income of 160,000 in 2011. Since being acquired, Rockne has regularly supplied inventory to Doone at 25% more than cost. Sales to Doone amounted to 250,000 in 2010 and 300,000 in 2011. Approximately, 30% of the inventory purchased during any one year is not used until the following year:
a.What is the noncontrolling interest’s share of rockne’s 2011 income?
b.Prepare Doone’s 2011 consolidated entries required by the intra entity inventory transfers?
Briefly describe Metaphors credit card policy
Comparison of Mutually Exclusive Projects based on EAC in two mutually exclusive projects
Illustrate what is the price of this stock today given a required return of 12 percent? Your tax rate is 31 percent and your required return on this project is 11 percent. What bid price per stamp should you submit?
Why would a company pay to have its public debt rated by a major rating agency (such as Moody's or Standard and Poor's)? Why might a firm choose not to have its debt rated?
Find the company's cost of common equity if all of its equity comes from retained earnings and What would the cost of equity from new stock be?
Prepare a two column common size income statement and Comment specifically on difference between Camper's, Inc., and the industry average.
Purchased inventory on account and Sold inventory below its cost at a loss
Evaluate the company's predetermined overhead application rate. Determine the additions to the work-in-process inventory account for the direct material used, manufacturing overhead and direct labor.
Journal entries for traded two business autos- Goochland purchased on account $950,000 Merchandise Inventory to be held for resale. All purchases are recorded net of the 2% discount.
The net cash flow to change either positively or negatively - Detemination of how much the depreciation change cause
Evaluate relevant range of activity for this product and the relevant range of activity for this product ___?????___________ units
At the end of the month, $25,000 of inventory is on hand. Explain how much shrinkage occurred during the month?
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