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astraxan [27]
3 years ago
11

On the acquisition date, Stryder reported net assets with a book value of $170,000. A total of $10,000 of the acquisition price

is applied to goodwill, which was not impaired in 20X8. Stryder's depreciable assets had an estimated economic life of 10 years on the date of combination. The difference between fair value and book value of tangible assets is related entirely to buildings and equipment. Patriot used the equity method in accounting for its investment in Stryder. Analysis of receivables and payables revealed that Stryder owed Patriot $10,000 on December 31, 20X8.
based on the information provided, what amount of total assets will be reported in the consolidated balance sheet for the year?

$895,000

$801,000

$723,000

$1,111,000
Business
1 answer:
bekas [8.4K]3 years ago
3 0

Answer:

$723,000

Explanation:

The consolidation is a process in which parent company acquires controlling interest in another company. Stryder's is a 100% owned subsidiary which had a book value of net assets $170,000. The consolidated amount of assets to be reported in the balance will be sum of parents assets plus subsidiary's assets. The consolidated statement shows the assets of subsidiary's on which parent has claims. The consolidation shows aggregated financial results of the two companies.

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An investment adviser with no place of business in the State is exempt from registration if it renders advice solely to employee
irinina [24]

Answer:

$1,000,000

Explanation:

The investment adviser who doesn't have any place of business in the state and offers his services to only employee benefit plans with assets of assets at least $1,000,000 are exempt from registration. If the asset value exceeds this limit then the investment adviser will be required to register itself.

5 0
3 years ago
Elian's credit card had a balance of $132.20 on April 1. On April 5, he charged $74.50. On April 18, he made a payment of $52.
djverab [1.8K]

Answer:

$173.45

Explanation:

    132.20

<u>+    74.50</u>

 206.70

************

  206.70

<u>-    52    </u>

154.70

***********

  154.70

<u>+  18.75</u>

173.45

<u />

5 0
2 years ago
As sue explains to professor​ klein, in a business​ process, _____ interact to achieve a business function.
olga2289 [7]

As sue explains to professor​ klein, in a business​ process, activities interact to achieve a business function. Different activities of a business need to work with each other to achieve a common goal. If the functions of a business do not align, the end result will likely not happen because each part of the business needs to work together.

4 0
3 years ago
Identify the careers that require a college degree and the ones that require only a certification.
ollegr [7]

biomedical engineer  - college degree

hairstylist  - certification

childcare director  - college degree

museum personnel  - college degree ??

sociologist  - college degree

tour guide - certification??

A couple of these I am not sure of but the others I am positive.

4 0
3 years ago
Read 2 more answers
f Quail Company invests $46,000 today, it can expect to receive $12,000 at the end of each year for the next seven years, plus a
Mandarinka [93]

Answer:

NPV = $11841.05313 rounded off to $11841.05

Explanation:

The Net Present value or NPV is a metric for investment appraisal purposes. It calculates the present value of cash inflows less any cash outflow made at the start of the project to generate those cash inflows. The formula to calculate the NPV is,

NPV = CF1 / (1+r)  +  CF2 / (1+r)^2  +  ....  +  CFn / (1+r)^n  -  Initial Outlay

Where,

  • CF1, CF2 and so on represents the cash flow in year 1 , year 2 and so on.
  • r is the discount rate or required rate of return

NPV = 12000 / (1+0.12)  +  12000 / (1+0.12)^2  +  12000 / (1+0.12)^3  +  

12000 / (1+0.12)^4  +  12000 / (1+0.12)^5  +  12000 / (1+0.12)^6  +  

(12000 + 6800) / (1+0.12)^7  -  46000

NPV = $11841.05313 rounded off to $11841.05

3 0
3 years ago
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