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Paris, Inc. owns 80 percent of the voting stock of Stance, Inc. The excess total fair value over book value was $75,000. Stance holds 10 percent of the voting stock of Paris. The payment for that investment was in excess of book value and fair value by $15,000. Any excess fair value is assigned to trademarks to be amortized over a 10-year period. During the current year, Paris reported operating income of $200,000 and dividend income from Stance of $20,000. At the same time, Stance reported operating income of $40,000 and dividend income from Paris of $5,000.
heavenly sounds corp. an electric guitar retailer was organized by mickey blessing john frey and nancy stein. the
tsuchiya corporation manufactures a variety of products.last year the companys variable costing net operating income
the discussion activity for module 1 is based on case 1.1 reliability of financial statements in financial and
Explain how each of these costs would be accounted - Hidden Lakes Company purchased a delivery truck. The total cash payment was $30,020, including the following items.
on january 1 2011 trillini corporation issued 3000000 of 10-year 8 convertible debentures at 102. interest is to be
suppose that the change in portfolio value for a 1 - basis point shift in the 3 month 6 month 1 year 2 year 3 year 4
the management of malit corporation is investigating an investment in equipment that would have a useful life of 9
how will taxable rent received by an individual in june 2008 be treated in a 2008 individual federal tax return? assume
1. when merchandise that was sold on account is returned which accounts are affected?a.cash accounts receivable cost
Its investment banker plans to sell an issue of common stock to the public for $40 per share, less a spread of 5%. How much must Newdex's after-tax income increase to prevent dilution of EPS?
david winner is to retire from the partnership of winner and associates as of march 31 the end of the current fiscal
on april 1 2010 oneill co. purchased machinery for 120000. salvage value was estimated to be 5000. the machinery will
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