Compute the amount reported as noncontrolling equity

Assignment Help Accounting Basics
Reference no: EM131588289

Problem - Assume the following facts relating to an 75% owned subsidiary company:

BOY stockholders' equity $880,000

BOY AAP assets 96,000

Net income of subsidiary (not including [A] asset depreciation and amortization) 200,000

AAP assets depreciation and amortization expense 32,000

Dividends declared and paid by subsidiary 16,000

Compute the amount reported as noncontrolling equity at the end of the year.

Reference no: EM131588289

Questions Cloud

What is the weighted-average cost of capital : What is the weighted-average cost of capital for SKYE Corporation given the following information?
Final analytical business report instructions : A modified work schedule, such as four ten-hour days per week, nine nine-hour days per two week period, or flexible start and end times
What would be cost of new equity : New stock can be sold to the public at the current price, but a flotation cost of 10% would be incurred. What would be the cost of new equity?
Calculate expected return and standard deviation : Calculate the expected return and standard deviation (square root of the variance) of the following probability distribution of returns:
Compute the amount reported as noncontrolling equity : Assume the following facts relating to an 75% owned subsidiary company: Compute the amount reported as noncontrolling equity at the end of the year
What is global climate change : What is global climate change? What do you think the most pressing environmental health issues from global climate change will be in the next 5-10 years?
Find the form of the approximate minimization problem : Find the form of the approximate minimization problem obtained by approximating u above by the basic linear finite element approximation, using four elements.
Wealth manager geometric mean annual return over that time : What was the wealth manager’s geometric mean ANNUAL return over that time?
How much interest will he earn after-tax for the first year : If Matt expects his marginal tax rate to be 20 percent for the next 10 years, how much interest will he earn after-tax for the first year of his investment

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.

  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!

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