Answer:
$7,000,000
Explanation:
Accounting for Non-Controlling Interest requires measurement of stock at Fair Value.
Total fair value of firm = Fair value of common stock + Fair value of preferred stock
= $62,000,000 + $8,000,000
= $70,000,000
90% of equity represent the extent of controlling interest in the firm. Thus, remaining 10% will be the value of non-controlling interest.
As already discussed, non controlling interest requires measurement at fair value:
Non-Controlling Interest = Total Fair Value x Percentage of Non-Controlling Interest
= $70,000,000 x 10%
= $7,000,000 (Answer)
Answer and Explanation:
A. Stakeholders in the situation are:
1. Ellyn
2. The company
3. People using the financial statements
B. Ethical issues include:
1. Ellyn being dishonest by adding $1000 to the equipment asset and mistating the numerical value. This could cause loss as the $1000 could be from a liability account
C. Alternatives:
1. Creating a suspense account for the difference of $1000
2. Postponing finalisation and escalating the issue to a senior accountant to find out where the difference is from
<span>Economists can, oftentimes, have differing viewpoints about what a legislator should do based upon their worldview and their morals regarding certain situations. In addition, they might have political viewpoints that are more overarching than the specific economic situation that they are being asked to appraise, which can lead to advice that might go against the received wisdom about what should usually be done in those situations.</span>
Answer:
hello your question is incomplete attached below is the complete question
answer : classifications : current assets and Non current assets
Amounts : short-term investments = $2798.30 for 2006 and $6052.30 for 2005
cash and cash equivalent = $5914.70 for 2006 and $9586.30 for for 2005
Investments = $7788.20 for 2006 and $1107.9 for 2005
Explanation:
The classification and amount of any investment as reported in the balance sheet is as below
current assets classification
short-term investments = $2798.30 for 2006 and $6052.30 for 2005
cash and cash equivalent = $5914.70 for 2006 and $9586.30 for for 2005
Non-current assets
Investments = $7788.20 for 2006 and $1107.9 for 2005
Note: cash and cash equivalents is used to describe investments with maturity dates less than 3 months
<span>A positive externality arises when a person engages in an activity that has a beneficial effect on a bystander who does not pay the person who causes the effect. A positive externality is something that benefits someone who didn't produce or consumer the good. A good way to remember a positive externality is a third party who wasn't initially related to the exchange of a good or service but still benefited from it happening. </span>