1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
german
3 years ago
9

Primer Company acquired an 80% interest in SealCoat Company on January 1, 2013, for $450,000 cash when SealCoat Company had comm

on stock of $250,000 and retained earnings of $250,000. All excess was attributable to plant assets with a 10-year life.
SealCoat Company made $50,000 in 2013 and paid no dividends. Primer Company's separate income in 2013 was $625,000. The controlling interest in consolidated net income for 2013 is:

a. $675,000.

b. $665,000.

c. $660,000.

d. $625,000.
Business
1 answer:
KATRIN_1 [288]3 years ago
3 0

Answer:

b) $665,000.

Explanation:

Primer income: $625,000

SealCoat income: $50,000

Primer interest in SealCoat is 80% therefore primer is a parent company to SealCoat and is entitled to $40,000 (80%*$50,000) on SealCoat income.

Therefore, consolidated net income for 2013 is: $665,000 (625,000+40000)

You might be interested in
Phillip is a real estate investor. He flips homes: He buys undervalued homes and sells them at a higher price later to make a pr
ZanzabumX [31]

Answer:

$90,000

Explanation:

When we calculate GDP, its not included the value of the resale product because the value of the original product(house) already included in the year. Reselling item and commission added in GDP. Because Dealer gets commission for his service and this is like his income.

Included Amount in GDP = Sale Price × Agent Commission

= $1,500,000 × 6%

= $90,000  

2020, GDP will increase by = $90,000

7 0
3 years ago
Match the level of unemployment with the condition of the overall economy. Unemployment equals the natural rate. Cyclical unempl
Harman [31]

Answer:

Note: <em>The organized question is attached as picture</em>

<em />

1. Actual GDP is below potential GDP

Level of unemployment: Unemployment is above the natural rate

2. Actual GDP is equal to potential GDP

Level of unemployment: Unemployment equals the natural rate

3. Actual GDP is above potential GDP

Level of unemployment: Unemployment is below the natural rate

3 0
3 years ago
What do you think an investor would be most interested in knowing about the financials of your company? Why do you think that is
salantis [7]

Before making an investment, investors look at a company's financial accounts because they believe that bigger profit margins will result in a better return. The company's reputation encourages investors to make risk-free investments with ease.

What is investing?

Buying an asset or thing in the future with the expectation that it will produce income or increase in value is referred to as "investing."

Investors value financial statements because they contain a wealth of information about a company's balance sheet, income statement, and cash flow statement.

Investors pay attention to a company's profit margins since they result in a higher rate of return. The company's annual report from the prior year and goodwill of the company show investor to easily invest without any risk.

As a result, an investor must be interested of the company's financial statements and goodwill.

Learn more about on company, here:

brainly.com/question/20354514

#SPJ1

8 0
2 years ago
What was designed for online shopping
Elden [556K]
Smart cards are cards specially designed for online shopping
8 0
4 years ago
Which of the following statements is true?
ale4655 [162]
You are expected to be familiar with everything contained in your college course syllabus. Hope I helped! brainliest?
6 0
3 years ago
Read 2 more answers
Other questions:
  • What management function is production manager Cedric Stein using when he orders aluminum component parts (bumpers, drive trains
    8·1 answer
  • Strickland Company owes $200,000 plus $18,000 of accrued interest to Moran State Bank. The debt is a 10-year, 10% note. During 2
    15·1 answer
  • Fernando's favorable attitude toward capital punishment began to change when he wasasked to offer arguments opposing it in a cla
    6·1 answer
  • "Required: 1. &amp; 2. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2021 and interest on
    8·1 answer
  • What level of government has direct responsibility for the safety of its residents and direct knowledge of the situation and acc
    13·1 answer
  • When some firms enter a perfectly competitive industry in which firms are earning an economic profit, the short-run industry sup
    12·1 answer
  • Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. Durin
    14·1 answer
  • Which of the following sections should always be included in a resume?
    15·2 answers
  • The CAPM is a theory of the relationship between risk and return that states that the expected risk premium on any security equa
    10·1 answer
  • Que presion ejerce el deposito sobre el piso?​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!