Answer:
$69,000
Explanation:
Percentage of shares owned by ABC in Teal's company = 30%
This is an example of equity method investment , and a portion of the attributable income at the end of the year is earned and added to the initial stock.
Attributable income is the remaining income after dividends have been settled.
<u>Workings</u>
The opening carrying value of the shares on ABC balance sheet = 60,000
Profit made at the end of the period = 40,000
Dividends paid = 10,000
Attributable income to share holders = 40000-10000 = 30,000
ABC portion of attributable profit = 30000*30% = 9,000
Carrying value at the end of the year = opening carrying value + portion of the attributable profit
=60000+9000=69000
Answer:
The mission of the institute is to promote agricultural science and to train manpower for agricultural development focusing on teaching, research and extension.
Explanation:
Answer: I think its D
Explanation: because they have the power to to tax, make enforce laws, and charter banks
Answer:
(a) Delivery costs are mixed and utilities are variable.
Explanation:
Mixed costs are costs that are fixed and variable, for example, delivery costs are mixed because of the fixed cost of having the delivery equipment, like trucks and cars, and the variable is the amount of gas that you pay for it, then utilities are variable because the problem doesn´t specify that they are not.
In the balance sheet, in order to account for the money or amounts that go to an fro in the sheet, we use the equation,
NW = As - Li
where NW is the networth, As is the asset, and Li is liabilities.
From the given above, the total asset (As) is given to be $166.859M. The net worth is equal to the sum of the common stock, cash, and retained earnings.
Networth = ($5.080 M) + ($8.040 M) + ($36.411 M)
Networth = $49.531
The the equation above, we may derive the equation for liability by transposing,
Li = Asset - Networth
Li = ($166.859 M) - ($49.531 M)
Li = $117.328
Hence, the total liability is equal to $117.328.
