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
Minchanka [31]
2 years ago
6

On January 1, 20X7, Server Company purchased a machine with an expected economic life of five years. On January 1, 20X9, Server

sold the machine to Patron Corporation and recorded the following entry: Cash 45,000 Accumulated Depreciation 28,000 Machine 70,000 Gain on Sale of Equipment 3,000 Patron Corporation holds 75 percent of Server's voting shares. Server reported net income of $50,000, and Patron reported income from its own operations of $100,000 for 20X9. There is no change in the estimated economic life of the equipment as a result of the intercorporate transfer. Based on the preceding information, in the preparation of the 20X9 consolidated balance sheet, machine will be:
Business
1 answer:
djverab [1.8K]2 years ago
4 0

Based on the information given for Server Company, the machine will be valued a<u>t $42,000 </u>and the machinery account will be credited.

<h3>What would be the value of the machine?</h3>

The machine was sold on January 1, 20X9 and at that point, the accumulated depreciation was $28,000.

The value of the machine was therefore:

= Cost of machine - Accumulated depreciation

= 70,000 - 28,000

= $42,000

Find out more on accumulated depreciation at brainly.com/question/1287985.

#SPJ1

You might be interested in
what are the consequences of poor management to: employees, customers, suppliers, government, and society?​
Llana [10]

Answer:

Poor management can affect the company's budget, employee turnover and overall profits. Finally, a decrease in productivity and morale are signs employees may be struggling with the leadership being given. If employees have an effective leader their task performance will continue to soar

Explanation:

Hope it helps

7 0
3 years ago
To remain efficient and effective, workflow must follow a certain_____ within each department's function​
anygoal [31]

To remain efficient and effective, the workflow must follow a certain process flow chart within each department's function.

This is because a process flow chart is a pictorial representation of how each step of a process will be carried out one after the other.

Each step is represented with the actions to be carried out, including the decision.

Usually, a process flow chart is depicted with a shape and line arrow to show the direction from one step to another.

Hence, in this case, it is concluded that to remain efficient and effective, the workflow must follow a certain process flow chart within each department's function.

Learn more here: brainly.com/question/20304492

3 0
3 years ago
Mustang Corporation reports the following for the month of April: Finished goods inventory, April 1 $ 33,400 Finished goods inve
Yuki888 [10]

Answer:

$133,100

Explanation:

Given that,

Finished goods inventory, April 1 = $33,400

Finished goods inventory, April 30 = $27,300

Total cost of goods manufactured = $127,000

Cost of goods sold:

= Cost of goods manufactured + Beginning Finished goods inventory - Ending Finished goods inventory

= $127,000 + $33,400 - $27,300

= $133,100

Therefore, the cost of goods sold for April is $133,100.

5 0
3 years ago
Pollution and raw material shortages constitute immediate threats to some firms buy are often opportunities for other firms. The
castortr0y [4]

Answer:

Yes

Explanation:

  1. Competitors will have to find out other options on recycling materials what opens opportunities for the recycling and and other green industry. like recycling Aluminium is cheaper than producing it from Bauxite, for example.
  2. Shortage of raw material and pollution costs will change another macro environment factor as legal and political forces. What definitely changes the strategy for these companies. This can also be challenging since it may add other unplanned costs for each company.
7 0
3 years ago
A professor surveys her class about whether the number of breaks is adequate for the three-hour course. for her survey, she assi
Rom4ik [11]
<span>Her survey will be both a representative and a random sample. The sample is random since the students are randomly chosen by the professor's computer program and each student has an equal chance of being chosen. The survey is representative since the student chosen will represent the whole class.</span>
8 0
3 years ago
Other questions:
  • The date on which a cash dividend becomes a binding legal obligation is on the
    7·1 answer
  • Clever tests to discriminate between alternative explanations. LaPorta, Lakonishok, Shleifer, and Vishny ("Good News for Value S
    6·1 answer
  • The Sedgwick Company estimates sales of a new product at 5,000 units and $3.00 per unit. Management feels the sales quantity is
    7·1 answer
  • The _______ describes the personal requirements you expect from an employee and can include educational requirements and special
    5·2 answers
  • Alex receives a raise at work and continues to work the same number of hours each week. what is the most likely way that his dem
    13·2 answers
  • What is commercial cooking?<br>​
    11·2 answers
  • 2. What should Parker have done during the sales presentation when Kitchel told him that he needed to think it over?
    15·1 answer
  • The top five cities where venture capitalists are investing their money represent 10% of the global total.
    6·1 answer
  • a manufacturing company has been facing codification challenges caused by fluctuating levels of stock.stires departments must ma
    12·1 answer
  • Expenses are best defined as: Multiple Choice Amounts owed to creditors. Amounts the owners have invested in the business. Costs
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!