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Vinvika [58]
3 years ago
9

g on january 1 playa company acquires 90 percent ownership in seaside corporation for 180,000 the fair value of noncontrolling i

nterest what will be the amount of consolidated net assets that would be reported
Business
1 answer:
Nana76 [90]3 years ago
4 0

The question is incomplete, the complete question is:

On January 1, Playa Company acquires 90 percent ownership in Seaside Corporation for $180,000. The fair value of the noncontrolling interest at that time is determined to be $20,000. Seaside reports net assets with a book value of $200,000 and fair value of $200,000. Playa Company reports net assets with a book value of $480,000 and a fair value of $525,000 at that time, excluding its investment in Seaside. What will be the amount of consolidated net assets that would be reported immediately after the combination?

Answer:

$680,000

Explanation:

Since Playa Company owns 90% of Seaside Corporation, it is considered Seaside's parent company and it must include all of Seaside's assets when it presents its consolidated balance sheet.

Total net assets reported = $480,000 (Playa's net assets at book value) + $200,000 (Seaside's net assets) = $680,000

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Answer:

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7 0
3 years ago
Coronado Company had the following department information for the month: Total materials costs $55000 Equivalent units of materi
aniked [119]

Answer:

10.9 per unit

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Total manufacturing cost per unit= Material cost per unit + Conversion cost per unit

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3 years ago
The process of gathering information about the competitive environment, including competitors' plans, activities, and products,
Sholpan [36]

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The main objective of the competitive intelligence is that it helps in support the various types of strategic decisions in an organization.

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The slope of the investment demand function indicates how sensitive investment is to changes in real interest rates. The 'steepe
Alex17521 [72]

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We can say that the downward slope is the consequence of several reasons. For instance, the concept that money, its nominal value, is fixed. However, the real value of money depends on the level of prices. So the demand for money is related to the demand for it. The interest rate falls when the price level falls.

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A company has a $4,000, 270-day, 6%, note payable recorded on its books which was dated July 2, 2013. The interest expense is pa
tensa zangetsu [6.8K]

Answer:

Interest expense accured = $121.33 (

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