What is the credit to non controlling interest in equity

Assignment Help Accounting Basics
Reference no: EM131789459

Python acquires 80% of the voting stock of Slither on January 1, 2017 for $1,500,000. The fair value of the noncontrolling interest is $350,000. Slither's balance sheet at the date of acquisition is as follows: Book Value Dr (Cr) Fair Value Dr (Cr) Tangible assets $5,000,000 $3,500,000 Identifiable intangibles - 2,000,000 Liabilities (3,000,000) (3,000,000) Capital stock (500,000) - Retained earnings (1,400,000) - Accumulated other comprehensive income (100,000) On the consolidation working paper at January 1, 2017, what is the credit to noncontrolling interest in equity for eliminating entry (E)? (Points : 4) $100,000 $-0- $300,000 $400,000

Reference no: EM131789459

Questions Cloud

Revenue from the sale of x units : Find the marginal revenue when 40 units are sold. Interpret your result.
Supply chain to measure operational performance : Key Performance Measures (KPI's) should be used throughout your supply chain to measure operational performance.
Examines how academic work helps professional success : Examines how academic work helps professional success, analyzes the requirements for psychology professionals, and develops an action plan.
Solve the optimization problem of the consumer : A consumer lives for two periods (the present and the future). His income in period 1 is 100. His income in period 2 is 200. Prices of the single consumption.
What is the credit to non controlling interest in equity : what is the credit to non controlling interest in equity for eliminating entry
What is the firm estimated pre-tax profit : Small Industries has fixed costs of $ 100,000 and breakeven sales of $ 800,000. What is the firm's estimated pre-tax profit at $ 1,200,000 sales
Organizational change-transformational change in healthcare : In your own words differentiate between organizational change and transformational change in healthcare. What are the pros and cons ?
How many units much the firm sell to breakeven : The firm has fixed costs of $ 150,000 and the firm's contribution margin amounts to 60% of revenue per unit. How many units much the firm sell to breakeven
Write a paper describing mood and anxiety disorders : Write a 1-2 page paper describing mood and anxiety disorders. This paper should include the definition for each disorder.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd