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weqwewe [10]
1 year ago
13

based on the information provided, what amount will be included as investment in saturn corporation in the consolidated balance

sheet immediately following the acquisition?
Business
1 answer:
Nikolay [14]1 year ago
4 0

based on the information provided, $60,000 amount will be included as investment in saturn corporation in the consolidated balance sheet immediately following the acquisition.

The Saturn Corporation, often known as Saturn LLC, was a General Motors subsidiary that began operations as an American automaker on January 7, 1985.  In the beginning, the company was GM's attempt to directly compete with Japanese imports and transplants in the US compact car market. The company advertised itself as "a different kind of automotive company,"and it operated essentially autonomously from its parent company. introducing a new car, dealer network, pricing strategy, workforce, and independently run manufacturing facility in Spring Hill, Tennessee, in its entirety . Five years after the company's founding, the first automobiles themselves were launched, and they improved GM's spaceframe design while also demonstrating Saturn's value offer thanks to its dent-resistant polymer outer panels.

learn more about Saturn Corporation here:

brainly.com/question/29448711

#SPJ4

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As such, the journal entry will be a debit to factory payroll payable $160,000 and a credit to cash $160,000. This means cash will reduce by $160,000 as the factory workers are paid while payables which is a provision account will reduce as well on the cash book by the same amount.

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To record a customer's check in full payment for a sale that was made the prior month, the company should debit the ____________
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To record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.

<h3>Payable cash account</h3>

Based on the information given the appropriate journal entry to record a customer's check in full payment for a sale is:

Journal entry

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(To record customer's check in full payment)

Inconclusion to record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.

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