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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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Which form of transportation is the dominant form of domestic transportation?
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Car or vehicle should be the answer or try automotive transport
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3 years ago
Bronson Industries reported a deferred tax liability of $8 million for the year ended December 31, 2017, related to a temporary
swat32

Answer:

Please see attachment

Explanation:

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A farmer finds that when he produces more corn, he also has more corn stalks that he can then sell as decorative ornaments. To t
yulyashka [42]

Answer:

"Complements in production" is the correct answer.

Explanation:

The changes throughout the demand through one counterbalance throughout manufacturing resulted in higher consumption of one another.

  • Complements instead in production however are commodities manufactured collaboratively from a certain revenue stream as well as input.
  • This generally occurs when the revenue stream in the discussion has components that could be composed of certain commodities categories.
6 0
3 years ago
Divine plc is a pure-honey producing plant. The firm wants to replace its aging processing machine. One option is to purchase a
AleksAgata [21]

Answer:

Project A

Years      Cashflows     Discount factor     Present values

0            250,000                    1                           -250,000

1-10            45,100                   6.144                     277,094.40

Sum of all present value=NPV=27,094.40

IRR (by using trial and error method) = 12.4696%

Note: Discount factor for the year 1-10 is calculated by using annuity formula i.e [1-(1+10%)]/10% = 6.144

Project B

Years Cashflows Discount factor  Present values

0        (350,000)           1                              (350,000)

1           72,500               0.91                   65,975  

2           65,500               0.83                    54,365  

3           73,800                  0.75                    55,350  

4            71,500                  0.68                    48,620  

5           69,800                  0.62                   43,276  

6           75,500             0.56                   42,280  

7           31,000                  0.51                            15,810  

8           47,500                  0.47                           22,325  

9           55,500                  0.42                   23,310  

10           29,200                  0.38                    11,096

Sum of all present values=NPV=32,407

IRR(by using trial and error method=12.4186%

On the basis of NPV project B is better because it gives higher NPV than project A. Whereas, Project A is better than project B on the basis of IRR because project A has slightly higher IRR than project B.

b)The conflict between both the investment appraisal technique is likely due to different cash flow patterns of both the project. In such situation decision should be based on NPV because this is an absolute measure

5 0
3 years ago
Read 2 more answers
Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $46,4
diamong [38]

Answer:

$5300

Explanation:

Contribution margin for Division B = Sales * Contribution margin ratio

= $243,000 * 20%

= $46,800

Total contribution margin = Division A + Division B

= $46,400 + $46,800

= $93,200

Contribution margin $93,200

Less : Traceable fixed expenses $51,100

Less : Common fixed expenses (plug) $5300

Net operating income $33,800

5 0
3 years ago
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