1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
agasfer [191]
2 years ago
15

Mittelstaedt Inc., buys 60 percent of the outstanding stock of Sherry, Inc. Sherry owns a piece of land that cost $207,000 but h

ad a fair value of $549,000 at the acquisition date. What value should be attributed to this land in a consolidated balance sheet at the date of takeover?A. $549000B. $337000C. $127200D. $421800
Business
1 answer:
vovikov84 [41]2 years ago
8 0

Answer:

A. $549000

Explanation:

Given information

Number of outstanding stock of Sherry, Inc = 60%

The cost of the land = $207,000

Fair value at the acquisition date = $549,000

By considering the above information, the value reflected in a consolidated balance sheet is $549,000.

The historical principle says that the fixed assets should be recorded at the purchase price or acquisition cost only and the same is to be considered

You might be interested in
Zeus Industries sells satellite television systems. Recently, the company invested heavily in one of the many new technologies a
Elanso [62]

Answer: Filtering

Explanation:

Filtering in communication occurs when information passed on between two bodies is being reduced by the middlemen, where the middlemen are not able to communicate favourable with either party and it affects either of the party, it's called filtering. The inability for the salesperson's to communicate the technical knowledge of the product to the customers which they are being taught during trainings is known as filtering in communication. This causes the business loss as the customers are not able to operate the equipment effectively which the business sells.

6 0
2 years ago
How does the type of product you’re considering affect your conclusions in the questions above: specifically, does it matter if
soldier1979 [14.2K]

Answer:

the type of product affects the buying conclusions that a person makes

3 0
3 years ago
Anthony is deciding between different saving accounts at his bank.he has four options,based on how frequently interest compounds
puteri [66]
The appropriate response is Daily Compounding. Progressive accrual is the expansion important to the key total of an advance or store, or as it were, enthusiasm on intrigue. It is the aftereffect of reinvesting premium, instead of paying it out, so that enthusiasm for the following time frame is then earned on the chief total in addition to the already gathered premium.
3 0
3 years ago
The Federal Reserve _____ the money supply to lower inflation.
baherus [9]
~Hello there! ^_^

Your question: The Federal Reserve _____ the money supply to lower inflation.

Your answer: The Federal Reserve decreases the money supply to lower inflation.

Hope this helps~




6 0
2 years ago
Read 2 more answers
If you ever need to file for bankruptcy, you should get the help of...
mina [271]
The awnser is A.) 
I have done research and all ive seen is to get the court to file bankruptcy
6 0
3 years ago
Read 2 more answers
Other questions:
  • Pure economic rent is:
    10·1 answer
  • Total quality management__________.
    12·1 answer
  • Koehn Corporation accounts for its investment in the ordinary shares of Sells Company under the equity method. Koehn Corporation
    13·1 answer
  • XYZ Company is in the process of issuing bonds. The bonds have a stated interest rate of 4%, which is 2% below the current marke
    6·1 answer
  • he primary objective of financial accounting information is to provide useful information to the following: a. Regulators b. Man
    8·1 answer
  • Wal-Mart was one of the most successful firms of the 1970s and 1980s. Much of Wal-Mart's success can be credited to its expansio
    14·1 answer
  • Suppose the banking system does NOT hold excess reserves and the reserve ratio is 25%. If Melanie deposits $1,000 of cash into h
    9·1 answer
  • Matching Question Match the following activities to their effect on the general ledger accounts. Allocate indirect labor Allocat
    9·1 answer
  • A major distinction between a conventional bank and an Islamic bank is that Islamic banks __ are allowed to charge higher intere
    10·1 answer
  • The following information pertains to one item of inventory of the Simon Company: Per unit Cost $ 200 Replacement cost 170 Selli
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!