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3 years ago

When preparing a consolidated balance sheet, the noncontrolling interest amount is:

Business

1 answer:

Margarita [4]3 years ago

5 0

Answer:C - Generally presented as a part of stockholders' equity

Explanation: The non controlling interest amount is generally presented in the consolidated financial statement as part of stakeholders equity. The non controlling interest is also known as the minority interest. The non controlling interest arises where the parent company has less than 100% ownership in the business.

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King salons leased equipment from smith co on july 1 in a finance lease. the present value of the lease payments discounted at 1

Alex73 [517]

Answer:

The amount of interest revenue is $ 3,996.

Explanation:

The Lease receivable at December 31,2021 is =79,100-12,500=66,600

Acording to the details The X Interest rate is 12% and The X Fraction of year is 6/12.

Hence, the calculation of The Interest revenue in December 31,2021 is =

=66,600×12%×6/12= $ 3,996 is the amount of interest revenue from the lease should smith co report in its dec 31 2021 income statment

4 0

4 years ago

Mauritiana uses standard costing for her shawls. She expects that a typical shawl should take 4 hours to produce, and the stand

PSYCHO15rus [73]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

She expects that a typical shawl should take 4 hours to produce, and the standard wage rate is $ 10.00 per hour. An average shawl uses 12 skeins of wool. Marina shops around for good deals, and expects to pay $ 3.30 per skein.

For April, Mauriona's workers produced 200 shawls using 784 hours and 3,360 skeins of wool. Mauriona bought wool for $ 10,420 (and used the entire quantity), and incurred labor costs of $ 8,100.

Direct material price variance= (standard price - actual price)*actual quantity

Actual price= 3.10

Direct material price variance= (3.3 - 3.10)*3,360= $672 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= [(12*200) - 3,360]*3.3= $3,168 unfavorable

Direct labor efficiency variance= (SQ - AQ)*standard rate

Direct labor efficiency variance= [(4*200) - 784]*10= $160 favorable

Direct labor price variance= (SR - AR)*AQ

Direct labor price variance= (10 - 10.33)*784= 258.72 unfavorable

Work in process 7,924

Direct material quantity variance 3,168

Direct material price variance 672

Material inventory 10,420

Work in process 8,000

Direct labor price variance 260

Direct labor efficiency variance 160

Wages payable 8,100

7 0

3 years ago

World City: dominant city in terms of its role in the global political economy. Not the world's biggest city in terms of populat

trapecia [35]

World City: dominant city in terms of its role in the global political economy. Not the world's biggest city in terms of population or industrial output, but rather centers of strategic control of the world economy.

Explanation:

The financial centre, the stock market and large financial institutions can occur. Trade and economic dominance of a large area. Port city and container processing centres. There is tremendous everyday and strategic decision-making capacity.

The World Economic and business Master will give students in Liberal Arts an interdisciplinary guide to the effects of economic globalization as well as the changes it introduces to the global where the US performs its economic and political ties with another country.

5 0

3 years ago

Shane owns shares of Vegan Pizza Inc., a food and beverages company. The company's financial situation takes a turn for the wors

Natasha2012 [34]

Answer:

Limited liability for shareholders

Explanation:

Limited liability implies that owners or shareholders are legally responsible for the company's debts only to the extent of the amount of capital the shareholders invested.

7 0

3 years ago

On October 31, the stockholdersâ€™ equity section of Heins Company consists of common stock $370,000 and retained earnings $904,

katovenus [111]

Answer:

1. Before action

Par value of outstanding shares = 37,000 shares*$10 = $370,000

Common stock in excess of par = Total common stock - Par value of outstanding shares = $370,000 - $370,000 = $0

2. After stock dividend

Stock dividend declared = 6% of 37,000 shares = 2,220 sharea

Market price of shares = $16 per share

Stock dividend declared = $16*2,220 shares= $35,520

Common stock in excess of par = $35,520 - $22,200 = $13,320

Total number of shares outstanding = 37,000 + 2,220 = 39,220

Total par value of common stock = 39,220 * $10 = $392,200

t is out of the retained earnings that the stock dividend is declared from. So, retained earnings after stock dividend = $904,000 - $35,520 = $868,480

3. After stock split

Here , there is no financial impact. The no of shares will get X2 because one share is split into two shares.

Number of outstanding shares = 37000 shares*2 = 74000 shares. Also, no impact on the retained earnings

Before Action After-stock dividend After stock split

<em>Stockholder's equity</em>

Paid in capital $370,000.00 $392,200.00 $370,000

Common stock in $0.00 $13,320.00 $0

excess of par

Total paid in capital $370,000.00 $405,520.00 $370,000

Retained earnings $904,000.00 $868,480.00 $904,000

Total Stockholder's $1,274,000.00 $1,274,000.00 $1,274,000

equity

Outstanding shares 37000 39220 74000

Par value per share $10.00 $10.00 $5.00

6 0

3 years ago