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Pilgrim Products, Inc., buys a controlling interest in the common stock of Crestwood Corporation. Shortly after the acquisition, a meeting of Pilgrim's accounting department is convened to discuss the internal reporting procedures required by the ownership of this subsidiary. Each member of the staff has a definite opinion as to whether the equity method, initial value method, or partial equity method should be adopted. To resolve this issue, Pilgrim's chief financial officer outlines several of her concerns about the decision.
I already understand how each method works. I know the general advantages and disadvantages of all three. I realize, for example, that the equity method provides more detailed information whereas the initial value method is much easier to apply. What I need to know are the factors specific to our situation that should be considered in deciding which method to adopt. I must make a recommendation to the president on this matter, and he will want firm reasons for my favoring a particular approach. I don't want us to select a method and then find out in six months that the
information is not adequate for our needs or that the cost of adapting our system to monitor Crestwood outweighs the benefits derived from the data.
What are the factors that Pilgrim's officials should evaluate when making this decision? Be sure to discuss at least three (3) factors. please answer thouroughly
Dubois Inc. loans money to John Kruk Corporation in the amount of $823,200. Dubois accepts an 8% note due in 6 years with interest payable semiannually.
custom publishers company specializes in print-on-demand books. the company needs information to budget next years
the default risk premium for Niendorf's bonds is DRP = 1.20% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP = (t - 1) ´ 0.1%, where t = number of years to maturity. The liquidity premium (LP) on ..
Prepare the current liabilities section of the balance sheet for Rock On Magazine Inc. on March 31, 2009.
Analyze and record the March transactions for Emerald HealthCare Inc. using the integrated financial statement framework. Record each transaction by date.
Assuming that no other costs are involved in processing potatoesor in selling products, how much money does the company make from processing one batch of the common input into the end products Xand Y? Show work
the devon motor company produces motorcycles. during aprilthe company purchased 8000 batteries at a cost of 10 per
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journalizing corporate transactions and preparing the stockholders equity section of the balance sheet c-mobile
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mountaineer products manufactures two types of tents single-wall and double-wall. selected data related to each type of
mike barton owns barton products inc. the corporation has 30 employees. barton corporation expects 800000 of net income
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