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4 years ago

The periodic expensing of an asset over the property's theoretical economic life is referred to as what

1 answer:

8 0

The periodic expensing of an asset over the property’s theoretic economic life is known as the depreciation. Depreciation occurs when there is a presence of the utility’s loss and in the same time, there is a physical deterioration or economical obsolesce that causes a value or that both may occur in the same time.

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Playtown Corporation purchased 75 percent of Sandbox Corporation common stock and 40 percent of its preferred stock on January 1

Nesterboy [21]

Answer:

Elimination Journal.

Retained Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest $90,000 (credit)

Explanation:

When dealing with consolidation of Financial Statements, the Equity and Retained Earning in the Subsidiary has to be eliminated from the records whilst the Investment in Subsidiary and the Non-Controlling Interest in Subsidiary are recognized.

Elimination of the common items in consolidation is done by the use of Pro-forma Journals.

Goodwill or Gain on Bargain Purchase are also recognized on the date of acquisition of subsidiary.

Goodwill is the excess of Purchase Price and Non-Controlling interest over the Net Assets Acquired.While Gain on Bargain Purchase is the excess of Net Assets Acquired over Purchase Price and Non-Controlling interest.

Elimination Journal.

Retained Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest $90,000 (credit)

8 0

3 years ago

You own a portfolio that has a total value of $235,000 and it is invested in Stock D with a beta of .82 and Stock E with a beta

Vlad1618 [11]

Answer:

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8 0

4 years ago

How do you work out gross profit on a calculator?

marin [14]

Make a cost-of-sales estimate. COGS. Determine how much money you make from selling the products. To calculate gross profit, deduct the cost of items from revenue.

Divide the result by revenue now. To calculate gross profit as a percentage, multiply it by 100. Gross profit is a metric reflecting how effectively a business uses labour and revenue to produce items or provide services to customers. You can better comprehend revenue-generating costs by looking at gross profit. The profit equation can be written as Profit = Revenue - Cost in its most basic form. Costs comprise both variable costs and fixed costs.

To learn more about gross profit, click here.

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5 0

1 year ago

When the United States economy entered a deep recession in 2007, opinions were varied and widespread about how government econom

klasskru [66]

Solution and Explanation:

The governments have focused attention on long-term productivity growth.

The common habitat gives urgent sources of info and administrations to financial improvement, yet its job for profitability development is inadequately investigated. Ecological shortages can represent a delay in profitability development and a hazard for its manageability. Simultaneously profitability development is regularly observed as the answer to ecological difficulties. Methodological issues flourish, by and large, the writer proposes that ecological issues are a possibly significant hazard factor. Hypothetical models will in the general center the job of the asset increasing specialized advancement over the long haul, considering ecological imperatives. Macroeconomic examinations propose the commitment of the regular habitat to efficiency development has been humble by and large. Microeconomic investigations center around fractional balance impacts, which much of the time have been discovered bigger than anticipated. At long last, contextual investigations of chronicled civilization breakdown recommend the dangers might be critical.

3 0

3 years ago

Which statement explains why a follower of laissez-faire capitalism would argue that the economy grows when government avoids re

Setler [38]

B. in a free market economy, prices and wages result from natural forces

since government will not take any involvement in the economy, prices and wages will be determined by the power of supply and demand

hope this helps

6 0

4 years ago