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BaLLatris [955]
3 years ago
11

Milani, inc., acquired 10 percent of seida corporation on january 1, 2017, for $190,000 and appropriately accounted for the inve

stment using the fair-value method. on january 1, 2018, milani purchased an additional 30 percent of seida for $600,000 which resulted in significant influence over seida. on that date, the fair value of seida's common stock was $2,000,000 in total. seida's january 1, 2018 book value equaled $1,850,000, although land was undervalued by $120,000. any additional excess fair value over seida's book value was attributable to a trademark with an 8-year remaining life. during 2018, seida reported income of $300,000 and declared and paid dividends of $110,000. prepare the 2018 journal entries for milani related to its investment in seida. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Business
1 answer:
Readme [11.4K]3 years ago
7 0
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Pestel  is a tool that reminds managers to look at several distinct categories in the macro environment.

<h3>What is the macro environment?</h3>

This is the term that is used to refer to the environment that is made up of the major forces that are both external and also uncontrollable that is used to influence the decision making process of a firm.

The macro environment is made up of such factors such as demographics, economy, technology, political and a lot more of other factors. They are used to control the decision making process in the nation. It is also referred to as the environment at large

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1 year ago
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shepuryov [24]

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D. Manufacturer to wholesaler to consumer

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2 years ago
The equity method with consolidation is used to account for long-term investments in equity securities with controlling influenc
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2 years ago
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liraira [26]

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3 0
3 years ago
Inventory records for Marvin Company revealed the following:
lbvjy [14]

Answer:

Ending inventory= $5,592.45

Explanation:

Giving the following information:

Mar. 1: Beginning inventory= 1,090 units at $7.25

Mar. 10: Purchase: 510 units at $7.75

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