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Owned 51% of the voting common stock of Sanatee, Inc. The parent's interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisition price. On January 1, 2010, Sanatee sold $1,400,000 in ten-year bonds to the public at 108. The bonds pay a 10% interest rate every December 31. Fargus acquired 40% of these bonds on January 1, 2012, for 95% of the face value. Both companies utilized the straight-line method of amortization. What balances would need to be considered in order to prepare the consolidation entry in connection with these intra-entity bonds at December 31, 2012, the end of the first year of the intra-entity investment? Prepare schedules to show numerical answers for balances that would be needed for the entry.
on june 1 acme corporation declared and issued a 15 stockdividend to each of its 400000 outstanding shares of 2 par
On October 1, 2011, Santana Rey launched a computer services company, Business Solutions, that is organized as a proprietorship and provides consulting services, computer system installations, and custom program development. Rey adopts the calenda..
Godert pharmaceutical company has several scientists working in the labs trying to prepare an anti-aging drug. The cost of this research and development
What lump-sum will Henry have to invest now at 12% per year in order to have $2,000 at the end of each of the next two years?
harmon household products inc. manufactures a number of consumer items for general household use. one of these products
A company had gross profit of $134,200 on net sales of $205,000. If ending inventory was $8,000 and average inventory was $7,080, what is the company's inventory turnover.
runcke motor company manufactures automobiles. during september 2011 the company purchased 5000 head lamps at a cost of
compare the primary auditor objectives in auditing historical financial statements to auditing internal controls over
Using the cost formula you derived above, what X-ray costs would you expect to be incurred during a month in which 4,950 X-rays are taken?
for example wages and salaries should be 20700 plus 15.00 per repair-hour. the company expected to work 3000
Direct material used $25, Direct labor 19, Variable manufacturing overhead 35, Fixed manufacturing overhead 40, Variable selling and administrative cost 17, Fixed selling and administrative cost 32, Which of the following choices correctly depicts..
the following transactions apply to baker co. for 2010 its first year of operations. 1.issued 160000 of common
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