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3 years ago

Hepner Corporation has the following stockholders' equity accounts:

Business

1 answer:

OLga [1]3 years ago

5 0

Answer:

$235,000

Explanation:

The computation of the goodwill amount attributed is shown below:

Common stock $1,660,000

Preferred stock $630,000

Non controlling interest in common stock $415,000

Non controlling interest in preferred stock $270,000

Fair value at acquisition date $2,975,000

Book value $2,740,000 (560,000 + $810,000 + $360,000 + $1,010,000)

Goodwill $235,000

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Economists differ in their views of the role of the government in promoting economic growth. At the very least, the government s

Sloan [31]

Answer:

The correct answer is A) Lend support to the invisible hand by maintaining property rights and political stability .

Explanation:

The absence of the government in legislative tasks related to the market is, therefore, one of the main bases of the economic theory developed by Adam Smith throughout his bibliographical work. For Smith, the leaders must deal with other areas of control more focused on defense or justice, leaving the market to its free operation.

The invisible hand presupposes that there is an inertia by which the market and its self-regulation leads individuals to make the best decisions for the majority of the population to achieve well-being. In other words, it is a kind of automatic control mechanism that compensates the actions taken as a whole, regulating social conformations.

Therefore, it is assumed that the self-regulation facilitated to the markets helps to achieve an optimal market. To do this, individuals must behave in such a way that they can act without state mediation and in pursuit of their own interest.

The metaphor of the invisible hand also supposes that individuals are encouraged or held back to produce or not to follow the level of prices that exist in the market. Prices and profits are sufficient indicative to know when to participate in the market or not. Basically, if there is profit in a market niche, this supposes a stimulus for production, while losses lead individuals to quit.

7 0

3 years ago

Developing countries fall into two categories, moderately developed and less developed. Which of the following is not classified

ozzi

Answer:

Thailand

Explanation:

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3 years ago

Manufacturing overhead has an underallocated balance of $12,400; raw materials inventory balance is $145,500; work in process in

Gekata [30.6K]

Answer:

$182,900

Explanation:

With regards to the above, after adjusting for the under allocated manufacturing overhead, cost of goods sold would be

= Under allocated balance of manufacturing overhead + cost of goods sold

= $ 12,400 + $170,500

= $182,900

7 0

3 years ago

The following book and fair values were available for Westmont Company as of March 1.

-BARSIC- [3]

Answer:

DR Inventory $609,000

Land $1,086,750

Buildings $2,138,250

Customer Relationships $842,250

Goodwill $965,750

CR Accounts Payable $102,000

Common Stock $56,400

Additional Paid-In Capital $1,353,600

Cash $4,130,000

Working

Common Stock = 28,200 shares * $2 = $56,400

Additional Paid in Cap = 28,200 shares * ( 50 - 2) = $1,353,600

DR Additional Paid-In Capital $32,400

CR Cash $32,400

DR Professional Services Expense $49,800

CR Cash $49,800

8 0

3 years ago

On April 1, 2014, Headland Inc. entered into a cost-plus-fixed-fee contract to construct an electric generator for Altom Corpora

MA_775_DIABLO [31]

Answer:

Gross profit to be recognized = $196,140

Explanation:

Headland Inc.

Gross profit to be recognized by Headland at December 31, 2014 ending

Estimated contract cost $1,962,000

Fixed fee $467,000

Total $1,962,000+ $467,000) $2,429,000

Total estimated cost $1,962,000

Gross profit ($2,429,000- $1,962,000) $467,000

percentage of completion:( $829,900/1,962,000) 42%

Gross profit to be recognized: $467,000*42% $196,140

4 0

3 years ago