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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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1. Unity

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hope this helps!

3 0
3 years ago
The following are common categories on a classified balance sheet. a) Current assets b) Long-term investments c) Plant assets d)
noname [10]

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Land not currently used in operations - Long-term investments

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8 0
3 years ago
A pharmaceutical company with headquarters in India sells fluconazole, the generic version of Pfizer's anti-fungal drug Diflucan
amid [387]

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Pricing strategy to stay competitive

Explanation:

Pricing strategy is the process by which a company sets prices of goods and services offered to a consumer.

In setting up a price strategy the management.of a business need to put into consideration the competitive reaction, pricing position, pricing segment, and pricing capability.

The generic drugs companies in the US are selling fluconazole for a higher price than pharmaceutical company with headquarters in India in the international market.

In order for them to stay competitive they will need to review their price downward or customers will switch to the cheaper option

5 0
2 years ago
The CEO and his top managers have asked themselves two important​ questions: a. do customers value what the company is​ providin
Doss [256]

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3 0
3 years ago
g You earn $40,221 at your job and must pay 11% of your income in taxes. You then decide to save 8% of your disposable income. H
Yanka [14]

Answer:

The amount left for consumption spending is $32,932.95

Explanation:

The amount left for consumption spending is known as disposable income or take-home pay less savings .The disposable income is the income left after taxes have been paid to relevant tax authority.The computation of amount left for consumption is done below:

Gross income                                           $40,221

Tax at 11%(11%*$40,221)                            ($4424.31 )

Disposable income                                   $35,796.69

Savings at 8% of disposable income

($35,796.69*8%)                                          ($2,863.74)

Amount left for consumption spending     $32,932.95

This is not mean that I have to spend this $32,932.95 during the month, there might some investments  I want to my money on to yield more returns.

4 0
3 years ago
Read 2 more answers
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