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
Upland Motors recently paid a $1.48 per share annual dividend. Dividends are expected to increase by 2.5 percent annually. What
gregori [183]

Answer:

$13.19

Explanation:

Data given

Annual dividend = $1.48

Increase percentage annually = 2.5%

Discount rate percentage = 14%

The computation of price is shown below:-

Price = Dividend ÷ (Cost of equity - Growth rate)

= ($1.48 × 1.025) ÷ (0.14 - 0.025)

= $1.517 ÷ 0.115

= $13.19

Therefore for computing the price we simply applied the above formula.

3 0
3 years ago
Jill's parents are concerned because she does not have a job despite graduating from college. Her parents tell her that they got
gtnhenbr [62]

Answer:

Her sociological imagination.

Explanation:

From the question, we were informed about Jill's parents who were concerned because she does not have a job despite graduating from college. Her parents tell her that they got jobs right out of high school, so she should be able to get a job very easily. They conclude that she must be lazy. Jill tells them that they need to consider larger economic trends and changes in technology to understand why she is having trouble finding a job. Jill is using

Her sociological imagination to explain her inability to get a job. The sociological imagination can be regarded as a practice that involved having ability to “think ourselves away” from some of our daily and familiar routines of our lives, so that see them with critical and new eyes, Sociological imagination is ability gotten by individual to focus away from his/her particular situation then think from other point of view or alternative perspective. Sociological imagination can be regarded from other point of view as capacity of individual to shift his/her thought from one perspective to another perspective.

5 0
3 years ago
A fee is paid a. for each overdraft. c. monthly to have overdraft. b. for the first overdraft. d. annually to have overdraft.
larisa [96]
B. for the first overdraft
3 0
2 years ago
________ refers to all of the methods, policies, and organizational procedures that ensure the safety of the organization's asse
lilavasa [31]

Answer:

The correct answer is d) Controls

The goal of Control in an organization is making sure that the company's procedures meet the required criteria of a particular standard. A company needs to have accounting standards, production standards, and management standards, and it is through control processes that those standards are met.

7 0
2 years ago
The majority of private sector employment in the u.s. economy is in the
sasho [114]
The majority of private sector employment in the u.s. economy is in the services.
The private sector is the part of the economy, generally pertain to as the citizen sector. Which is ruled by private individuals or groups, usually as a means of firm for profit and it is not regulated by the State.
6 0
3 years ago
Other questions:
  • Is the process of presenting a message to an audience, small or large?
    12·1 answer
  • Which of the following statements is CORRECT? a. Well-designed bond covenants are useful for reducing potential conflicts betwee
    10·1 answer
  • 1. Jovanna has determined that she wouldn't want to be a nurse because she really doesn't like the sight of blood and she tends
    13·2 answers
  • Under the uniform capitalization rules applicable to taxpayers with property acquired for resale, which of the following costs s
    6·1 answer
  • Dividend growth rate is important to many investors. You are considering investing in a firm after looking at the​ firm's divide
    13·1 answer
  • Dye Trucking raised $240 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $7. If Dye h
    5·1 answer
  • Matcha green tea is primarily cultivated by Japanese farmers. Suppose that Matcha green tea grows in popularity as its health be
    12·1 answer
  • Stitch Fix is an online personal styling service that was founded in 2011. This company combines computer algorithms with human
    11·1 answer
  • A(n) ________ is an organizational change that involves rethinking the nature of the business and the nature of the organization
    15·1 answer
  • What are the characteristics of a high-performance work system approach to hrm?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!