Zeta corporation and its subsidiary reported consolidated

Assignment Help Accounting Basics
Reference no: EM13580818

Zeta corporation and its subsidiary reported consolidated net income of $320,000 for the year ended december 31, 20x8. zeta owns 80 percent of the common shares of its subsidiary, acquired at book value. noncontrolling interest was assigned income of $30,000 in the consolidated income statement for 20x8. What is the amount of separate operating income reported by zeta for the year?

Reference no: EM13580818

Questions Cloud

Stallman company took a physical inventory on december 31 : stallman company took a physical inventory on december 31 and determined that goods costing 275260 were on hand. not
On the first day of its fiscal year elbert company issued : on the first day of its fiscal year elbert company issued 50000000 of 10-year 7 bonds to finance its operations.
A stockbroker advises a client to buy preferred stocku2026 : a stockbroker advises a client to buy preferred stocku2026. with that type of stocku2026 you will never have to worry
Why are investments in marketable securities shown : why are investments in marketable securities shown separately from cash equivalents in the balance
Zeta corporation and its subsidiary reported consolidated : zeta corporation and its subsidiary reported consolidated net income of 320000 for the year ended december 31 20x8.
Won han co has four departments materials personnel : won han co. has four departments materials personnel manufacturing and packaging. in a recent month the four
Shunda corporation wholesales parts to appliance : shunda corporation wholesales parts to appliance manufacturers. on january 1 2014 shunda corporation issued 22000000 of
Compute the manufacturing cycle efficiency mcewhat : johnson corporation keeps careful track of the time required to fill orders. the times required for a particular order
Jim is married and files a joint return jim and his wife : jim is married and files a joint return. jim and his wife have two dependent children. they have agi 30000 and itemized

Reviews

Write a Review

Accounting Basics Questions & Answers

  In this era of rapidly changing technology research and

in this era of rapidly changing technology research and development rampd expenditures represent one of the most

  The setting of standards is critical to the effective use

the setting of standards is critical to the effective use of standards in evaluating performance.explain the following

  How do the tax consequences differ for employees

How do the tax consequences differ for employees and self-employed persons? Indicate the sources of your opinion.

  Romano corporation allocates administrative costs on the

romano corporation allocates administrative costs on the basis of staff hours. short-run monthly usage and anticipated

  Norman companys income statement for the year ended

norman companys income statement for the year ended december 31 2012 contained the following condensed

  Prepare a cost of production report for the cutting

prepare a cost of production report for the cutting department of tanner carpet company for december 2012. use the

  Accounting equation to demonstrate the error

Use the accounting equation to show how Enron abused good accounting. Use a separate accounting equation to demonstrate WorldCom's error.

  Prepare a three-part consolidation worksheet.

Parent Corporation acquired 75 percent of Signature Company's voting stock on January 1, 201X, at underlying book value. The fair value of the noncontrolling interest was equal to 25 percent of the book value of Signature at that date. Parent uses th..

  Company grant credit to national under terms

The amount of the purchases would probably be about $10,000 per month, and the terms would require National to make payment in full within 30 days. Would you recommend that your company grant credit to National under these terms? Explain the reaso..

  Explosion company produces one type of product total fixed

explosion company produces one type of product. total fixed costs are 100000. unit variable costs are 6.00. the

  Classify the cash flows from given transactions

Classify the cash flows from these transactions as operating activities (OA), investing activities (IA), or financing activities (FA). Use NA for transactions that do not affect the statement of cash flows.

  Rational of recognising costs

What are the rational of recognising costs as expenses at the time of project sale? Which are the accounting factors that sometimes keep reported operating results from reflecting the change in the value of a company?

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