Answer:
Net income is the amount of money the business has earned after paying taxes
Complete question:
Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000. The fair value of Float's net assets was $1,850,000, and the book value was $1,500,000. The non-controlling interest shares of Float Corp. are not actively traded. What amount of goodwill should be attributed to the non-controlling interest at the date of acquisition?
a. 150,000
b. 250,000
c. 0
d. 120,000
e. 170,000
Answer:
150,000
of goodwill should be attributed to the non-controlling interest at the date of acquisition
Solution:
A non-controlling interest (NCI) is a role in which a owner holds less than 50% of remaining and has little control over decisions. A minority ownership is often known as the minority interest. Non-controlling interests are calculated by their net worth and are not eligible for future right to vote.
Now , Calculate the amount
Cost(PP) - 1,600/0.8 = 2,000
FV - 1,850
GW = 1,850 - 2,000
= 150,000
Answer: See explanation
Explanation:
While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only (5) of the regional bank presidents are members of the FOMC.
The option that contributes to making the Federal Reserve an independent policymaking body is that members of the Board of Governors are appointed for 14-year terms.
Total assets=Total liabilities+ Total equity
=> Total equity= total asset - total liabilities
a. Share holders equity=(11100-9300)= $1800
b. Share holders equity=(8700-9300)= -600 ~ 0
Rounded -600 to nearest whole number, that is 0
<h3>
What are shareholders?</h3>
A shareholder may be a individual or institution that has contributed cash in a enterprise in trade for a “share” of the possession. That proprietorship is spoken to by common or preferred offers issued by the company and held (i.e., claimed) by the shareholder. The shareholders are the proprietors of the company and give money related backing in return for potential profits over the lifetime of the company.
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