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!
Prime Company acquired 90 percent of the outstanding voting common stock of Orr Company 2010 January 1, for USD 7,560,000 cash. Prime Company uses the equity method. During 2010 Orr reported USD 1,512,000 of net income and paid USD 504,000 in cash dividends. The stockholders" equity section of the 2009 December 31, balance sheet for Orr follows:
Stockholders" equity:
Paid-in capital:
Common stock, $21.00 par
6,720,000
Retained earnings
1,680,000
Total stockholders" equity
$8,400,000
a. Prepare general journal entries to record the investment and the effect of Orr"s earnings and dividends on Prime Company"s accounts.
b. Prepare the elimination entry that would be made on the work sheet for a consolidated balance sheet as of the date of acquisition.
Assume Davis Consulting Inc has created a standard cost card for each job. Standard direct materials include 14 software packages at a cost of $900 per package. Calculate direct materials cost and efficiency variances. Calculate direct labor cost and..
shareholders equity section from the image file details.assume dollar general stores inc. is authorized to issue 500000
Unit V PowerPoint Presentation Create a PowerPoint Presentation for senior executives that will outline how you will measure, evaluate, and justify the implementation of your HRD program (from Unit II). Your presentation should include the following..
Matchless computer company has been purchasing carrying cases for its portable computers and delivered cost of $55 per unit the company which is currently operating below full capacity charges factory overhead to production at the rate of 40 percent ..
What is the NPV of the project? (Do not include the dollar sign ($).Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations.
What is the operating income (EBIT) for both firms and what are the earnings after interest
Determine the net cash flows from operating activities. Determine the net cash flows from investing activities. Determine the net cash flows from financing activities.
To begin, select a company of your choice. It may be the company you work for, a company that you have worked for in the past, or a company that you would like to work for, and, after briefly explaining the relationship between cost allocation and cu..
How much gain, if any, must Emma identify on the transfer? Must Laine recognize any gain and evaluate Emma's basis in her partnership interest?
Taxpayer, who has a marginal tax rate of 25%, has two options with regard to a needed piece of business equipment. She can buy the equipment now for $10,000 cash, use it for six years, and discard it (no salvage value). The asset would be expensed im..
Brock and Company would like to purchase equipment for its increased demand for production. The business plans to purchase equipment with a cost of $50,000. The estimated cash inflow for each year is $11,000. The equipment has a useful life of seven ..
Analysts at Spring Break Ltd. have gathered the following data: Budgeted direct labour mix at standard rate, for actual output achieved: Skilled labor 7,650 hours at $32 per hour
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