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!
Magellan Corporation acquired 80 percent ownership of Dipper Corporation on January 1, 20X8, for $200,000. At that date, Dipper reported common stock outstanding of $75,000 and retained earnings of $150,000. The fair value of the noncontrolling interest was $50,000. The differential is assigned to equipment, which had a fair value $25,000 greater than book value and a remaining economic life of five years at the date of the business combination. Canton Dipper reported net income of $40,000 and paid dividends of $20,000 in 20X8.
Provide the following:
1. The journal entries recorded by Magellan during 20X8 on its books if it accounts for its investment in Dipper using the equity method.
2. The eliminating entries needed at December 31, 20X8, to prepare consolidated financial statements.
write down a memo explaining the advantages and disadvantages of organizational forms. you might research sources
streit inc. provides business security systems. in an effort to increase revenue the sales manager has begun
salad daze maintains an inventory of produce worth 390. its total bill for produce over the course of the year was
the special products division of intermodular semiconductor systems has received a request for quotation from allied
shares in raven products are selling for 96 per share. there are 1 million shares outstanding. what will be the share
1. mary tudor decides to use insider information to sell stock. she justifies this decision by saying that if she did
Calculate the internal rate of return of the investment opportunity and indicate whether the investment opportunity should be accepted.
Assume the original facts except the land was valued at $115,000 instead of $120,000. What is Lockhart's built-in gains tax in 2013? Be sure to show your work.
differentiate between fixed and variable overheads which one of them is controllable and what is the effect of
1. on november 15 2010 betty corporation accepted a note receivable in place of an outstanding accounts receivable in
The manufacturing operations of REason,inc had the following balances for the month of January: Compute the cost of goods sold.
harold corporation just started business in january 2012. they has no beginning inventories. during 2012 they
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