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vladimir1956 [14]
3 years ago
12

.Goehler, Inc. acquires all of the voting stock of Kenneth, Inc. on January 4, 2017, at an amount in excess of Kenneth's fair va

lue. On that date, Kenneth has equipment with a book value of $90,000 and a fair value of $120,000 (10-year remaining life). Goehler has equipment with a book value of $800,000 and a fair value of $1,200,000 (10-year remaining life). On December 31, 2018, Goehler has equipment with a book value of $975,000 but a fair value of $1,350,000 and Kenneth has equipment with a book value of $105,000 but a fair value of $125,000. If Goehler applies the equity method in accounting for Kenneth, what is the consolidated balanc e for the Equipment account as of December 31, 2018
Business
1 answer:
myrzilka [38]3 years ago
7 0

Answer:

$1,104,000

Explanation:

The computation of the consolidated valance of the equipment account as on Dec 31, 2018 is shown below:

As per the data given in the question,

Particulars                                  Amount

Equipment with a book value  $975,000

Add: Kenneth Equipment =               $105,000

Add: Original purchase price for Kenneth = $120,000 - $90,000 = $30,000

Less: Amortization of allocation = ($30,000 × 2) ÷ 10 = $6,000

Consolidated balance for equipment   $1,104,000

We simply added the

= $975,000 + $105,000 + $30,000 - $6,000

= $1,104,000

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Which of the following is a tertiary ratio that drives profitability?
Ilia_Sergeevich [38]

The SG&A Expense/Sales is the tertiary ratio that drives profitability.

<h3>What is SG&A Expense/Sales?</h3>

This refers to the everyday operating expenses of running a business that are not included in the production of goods or delivery of services.

As the SG&A includes rent, salaries, advertising, marketing expenses etc., it is the tertiary ratio that drives profitability.

Therefore, E is correct.

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4 0
2 years ago
You just stuffed yourself with a hot dog, a large tub of popcorn, and a box of milk duds while watching a movie. when you come o
marishachu [46]

Answer:

Incentive Theory

Explanation:

Reason behind would be because how many things you ate your brain and taste are processing that all at the same time making it taste like a completely different substance.

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3 years ago
You are concerned about a matter that has federal implications and is tremendously important in your city. You would like
Fittoniya [83]

Answer:

An example of a bill title could be

"A Act concerning the safety of public spaces"

Explanation:

If you're taking the time to write a bill then you must be concerned about a public issue so you would ask a member of congress (a representative or senate) to see to it that the bill is drafted.

The Bill is drafted by parliamentary draftsmen, who are lawyers skilled in drafting Bills. They ensure that the Bill is clear and unambiguous (unambiguous meaning that the bill is addressing a particular issue and the bill is clear and concise).

Steps in introducing a bill

(1) Creating the Bill

Members of the House of Representatives introduce or sponsor a bill after the bill has been drafted by parliamentary craftsmen. For the house of Representatives, the representative clerk assigns a number to the bill and for the senate a senate clerk assigns a number to the bill.

(2) Commitee Action

A committee is assigned to study the bill after it has been introduced. Commitees are assigned according to their functions , for example if a bill is about fire outbreaks, the committee in charge of fire hazards is assigned to look into the bill. Often a committee will refer the bill to one of its subcommittees. The subcommittee may request reports from government agencies. Experts and interested parties have an opportunity to offer testimony regarding the issue.

After all these are done, the full committee may make a recommendation to pass the bill, to revise (i.e., mark up) and release the bill, or to lay the bill aside (also known as tabling the bill).

(3) Floor Action

If the Bill is recommended to be marked up and released The bill is then returned to the full House of Representatives or Senate for further deliberation and approval. Here, members involved may propose amendments to the bill, add additional any relevant text, or otherwise alter the bill slightly.

(4): Vote

House of Representatives or Senate members vote on their respective versions of the proposed bill.

(5) Conference Committees

A bill must be approved by both Chambers of Congress (The House of Representatives and the Senate).

If the Senate has ammended and passed a bill that the House of Representatives has previously passed or vice versa, the two Chambers begin to resolve any legislative differences between the House of Representatives and Senate versions of the bill by having a conference committee.

When the chambers go to conference, the House and Senate send representatives to bargain and negotiate.

The final compromise is drafted or written in a Conference Report that must have been agreed to by both chambers before it is cleared for presidential consideration.

(6) Presidential Approval

After the bill is passed by both Chambers it is sent to the President for his approval (the president approves by signing the bill). If the Bill is, it becomes a Public Law.

When a President comments on but refuses to sign a bill it becomes a vetoed bill.

A vetoed bill is either rejected or it returns to Congress (The House of Representatives and Senate) for reconsideration.

If the President does not act within 10 days the bill automatically becomes law.

If the President does not sign the bill and the Congress does not act during the 10 days after the bill is sent to the President, the bill is automatically vetoed.

When the last scenario happens, it is known as a pocket veto.

(7) The Creation of a Law

The Public Law is assigned a number by the Office of Federal Register and the Government Printing Office prints a copy of the law.

Laws are issued first in slip form or a single publication. Later it is organized in the order in which it was passed. Finally, it is filed into subject order so that all laws concerning the same topic fall together.

A regular obstacle most bills pass through would be the inability to pass stage 2 ( ie the bill is tabled). This usually happens when an already existing bill solves the stated issue or the stated issue isn't really an issue. For this to be prevented, do research on your bill to see if laws are already in place and check if your bill would cause harm or be detrimental to the general public.

Your bill becomes a statue (a statue is a written law passed by the goverment as opposed to a verbal law or normal/expected code of conduct or a social norm).

For a bill to be cited -

Include:

The name of the bill (and if relevant), the abbreviated name of the regulatory body (either the house of Representatives or the senate H.R. or S.),

The number of the bill,

The number of the Congress, and

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7 0
3 years ago
Assume this process continues, with each successive loan deposited into a checking account and no banks keeping any excess reser
nataly862011 [7]

Answer:

$7,500,000

Explanation:

Assume this process continues, with each successive loan deposited into a checking account and no banks keeping any excess reserves. Under these assumptions, the $1,500,000 injection into the money supply results in an overall increase of $7,500,000 in demand deposits

From the stated assumptions in the question,we will use the money multiplier to calculate the eventual effect of the $1,500,000 injection into the money supply.

Money multiplier can be calculated using this formula 1/r  (r is the required reserve ratio)

Therefore, the resulting change in demand deposits is as follows:

Change in Demand Deposits = Change in Fresh Reserves ×1/r

= $1,500,000×1/0.20

= $7,500,000

4 0
3 years ago
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sineoko [7]

Answer: The correct answer is "c. allow the parties to rescind the contract.".

Explanation: A court would most likely <u>allow the parties to rescind the contract.</u>

It must be determined whether it was simply a mistake, or if I act in bad faith, trying to obtain greater benefit and harming the other party.

If it is determined that it was a multiplication error without bad intentions, a court will probably allow the parties to rescind the contract.

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