Compute the amount of net income reported by light

Assignment Help Engineering Mathematics
Reference no: EM13280262

Tall Corporation purchased 75 percent of Light Corporation's voting common stock on January 1, 20X2, at an amount equal to the book value of the identifiable net assets. The noncontrolling interest was assigned income of $8,000 in Tall's consolidated income statement for 20X2 and a balance of $65,500 in Tall's consolidated balance sheet on December 31, 20X2. Light reported retained earnings of $70,000 and additional paid-in capital of $40,000 on January 1, 20X2. Light did not pay any dividends or issue additional stock in 20X2.

Compute the amount of net income reported by Light for 20X2. In addition, prepare the stockholders' equity section of Light's balance sheet as of December 31, 20X2.

Reference no: EM13280262

Questions Cloud

Compute and output the 10s complement of the new number : A sequential circuit receives decimal numbers encoded in BCD one digit (4 bits) at a time, starting with the least significant digit. The circuit outputs are the 10's complement of the input number, also encoded in BCD least significant digit firs..
Find the atomic mass of m : The chloride of an unknown metal is believed to have the formula MCl 3. A 1.891g g sample of the compound is found to contain 3.606×10^-2 mol. Find the atomic mass of M.
Compute the final speed of the crate : A crate travels 30 m due to a constant force of 350 N. The friction can be neglected for the first 15 m. What is the final speed of the crate if it weighs 110 kg
Find the average force experienced by the passenger : A car is stopped for a traffic signal. When the light turns green, the car accelerates, increasing its speed from zero to 9.72 m/s in 3.84 s. find the average force experienced by the passenger
Compute the amount of net income reported by light : Compute the amount of net income reported by Light for 20X2. In addition, prepare the stockholders' equity section of Light's balance sheet as of December 31, 20X2.
Determine the cm of the loaded ferryboat : A square uniform raft, 20m by 20m , of mass 7100kg , is used as a ferryboat. determine the CM of the loaded ferryboat
How should you adjust the length of the pendulum : Your grandfather clock's pendulum has a length of 0.9939 m, how should you adjust the length of the pendulum
What equation will generate number of tile for a height of n : What equation will generate the number of tiles for a height of n? Use the diagrams (you can expand them) and the table to show how you arrived at your equation.
What is the angle of the second order maximum : A diffraction grating produces a first order maximum at an angle of 20.0°. What is the angle of the second order maximum

Reviews

Write a Review

Engineering Mathematics Questions & Answers

  Implement the project within agreed procedures

Select a project and agree specifications and procedures and implement the project within agreed procedures and to specification.

  What is the nyquist rate for signal

What is the meaning of "Nyquist rate", and what is the Nyquist rate for this signal discuss if the original signal x(t) can be perfectly reconstructed from z(t).

  Antisymmetric relations

How many relations on A are both symmetric and antisymmetric?

  State the multiple regression equation

State the multiple regression equation

  Sketching the direction field of a differential equation

The slopes in the direction field are all identical along horizontal lines and new solutions can be generated from old ones by time shifting (i.e., replacing y(t) with y(t - t0).

  What are normal project completion time and critical path

What is the optimal quantity per order based on the total annual cost (composed of the holding cost and ordering cost and the acquisition cost)? Provide the lowest total cost for each of the price options. Include the holding, ordering and acquisi..

  Calculate the circumfrential and longitudinal stresses

Calculate the circumfrential and longitudinal stresses in the plates when the internal pressure is 800KN/m sq. If the ultimate tensile stress of the material used is 600 MN/m sq, and the efficiency of the longitudinal joint is 70 per cent, determi..

  Find the inverse transform

Find the inverse transform and find the Laplace transform - Express the following function in terms of unit step functions

  Stratified random sample

Suppose that in the four player game, the person who rolls the smallest number pays $5.00 to the person who rolls the largest number. Calculate each player's expected gain after one round.

  Draw the pruned quad tree that stores

Write a short account commenting on these two methods, explaining why the alternative approach is likely to be considerably quicker for a list of 100 names.

  Solve the heat equation problem

Separation of variables to solve the heat equation problem with inhomogeneous boundary conditions and evaluate your series solution in order to plot the temperature profile at a few fixed values of time.

  Prime number theorem

Dirichlet series

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