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Nataliya [291]
2 years ago
12

Parsons Company acquired 90% of Roxy Company several years ago and recorded goodwill of $200,000 at that date. During 2015 an an

alysis of the fair value of Roxy's assets determined an impairment of goodwill in the amount of $50,000. At what amount would consolidated goodwill be reported for 2015? 
a. $50,000.
b. $0.
c. $200,000.
d. $150,000.
e. $135,000.
Business
1 answer:
Crank2 years ago
6 0

Answer:

d. $150,000.

Explanation:

The computation of the consolidated goodwill reported is shown below:

= Recorded amount of goodwill - impairment amount of goodwill

= $200,000 - $50,000

= $150,000

By deducting the impairment of goodwill from the recorded amount of goodwill we can get the consolidated goodwill that is to be reported.

The 90% acquired percentage is ignored

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Lucinda is a self-employed veterinarian in 2019. Her Schedule C net earnings are $86,000 for the year. Calculate the total amoun
trapecia [35]

Answer:

$79,421

$12,151.413

Step by Step Explanation:

The self-employment taxable income is 92.35% of net earnings. While the tax rate for self-employment tax liability is 15.3% for year 2019

Schedule C net earnings: $86,000

Self-employment taxable income rate: 92.35%

Self-employment taxable income= 92.35%×86,000

=$79,421

Self-employment taxable income: $79,421

Self-employment tax rate: 15.3%

self-employment tax liability=

Self-employment taxable income×Self-employment tax rate

$79,421×15.3% =$ 12,151.413

5 0
3 years ago
ConsGrough, Inc. has increased its annual common dividend by 3% in each of the years that the company has existed. If you believ
Salsk061 [2.6K]

Answer: $171.67 would be the price of the security

Explanation: This problem relates to dividend growth model, which can be shown as follows :-

=\frac{D_{1}}{P_{0}}+\:G

where'

d1 = expected dividend

p = price

g = growth rate

therefore,

=\frac{\$5\left ( 1+3\% \right )}{P_{0}}+\:3\%

solving this we get

p_0=\$171.67

8 0
3 years ago
Madison Company issued an interest-bearing note payable with a face amount of $30,000 and a stated interest rate of 8% to the Me
kondaur [170]

Answer:

zero

Explanation:

It will be Zero. Because its not an operating activity. It will come under Finance activity in the cash flow of Madison company .

5 0
3 years ago
Prepare a bank reconciliation as of October 31 from the following information:
kakasveta [241]

Answer:

              Bank Reconciliation Statement as of October 31

Particulars                       Amount    Particulars                     Amount

Balance as per bank          $350      Balance as per books    $806

Add: Late deposit               $433      Less: Returned checks   $80

Less: Outstanding check    $66       Less: Error recordings    $9

          ($24+$42)                                           ($65-$56)

Reconciled Balance           $717        Reconciled Balance       $717

3 0
3 years ago
Management is considering replacing its blending equipment. The annual costs of operating the old equipment are $250,000. The an
e-lub [12.9K]

Answer:

$250,000

Explanation:

Since the purchase cost of an old equipment is already incurred and it does not have any kind of impact in decision making so this cost would be considered as the sunk cost i.e. $250,000

The operating cost of old & new equipment would be relevant for calculating the annual cost savings and the current selling value of the old equipment would also be relevant as salvage value

Therefore $250,000 would be considered  

5 0
2 years ago
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