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
Harman [31]
3 years ago
10

Scissor Corporation holds assets with a fair value of $150,000 and a book value of $125,000 and liabilities with a book value an

d fair value of $50,000. What balance will be assigned to the noncontrolling interest in the consolidated balance sheet if Paper Company pays $90,000 to acquire 75 percent ownership in Scissor and goodwill of $20,000 is reported
Business
1 answer:
slava [35]3 years ago
3 0

Answer:

$30,000

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the non-controlling interest by using following formula:-

Equity’s Fair Value = Assets Fair Value - Liabilities Fair Value

= $150,000 - $50,000

= $100,000

Paper pays $75,000 for 75% equity and $15,000 for acquire 75% of goodwill.

Non Controlling Interest (In Consolidated Balance Sheet)

=100% - 75% × ( Equity’s Fair Value + Goodwill)

= 25% × ($100,000+$20,000)

= 0.25 × $120,000

= $30,000

You might be interested in
5. If you enter a road from a driveway, alley or roadside you must:
8_murik_8 [283]

Answer:

If you enter a road from a driveway, alley or roadside you must:

Yield to vehicles already on the main road.

Explanation:

The concept of right to way is supposed to be understand since there are no law that actually grants the right of way since it only states when the right of way is to be yielded. This concept has to be considered and well understood by all motorists to avoid conflict on roads. These conflicts often cause accidents which can lead to possible loss of life. Thus the rules governing right of way have to be taken very seriously to minimize the probability of accident.

In the following cases the right of way has to be yielded;

1. When one is at a yield sign for example; a stop sign

2. At a pedestrian crosswalk

3. At intersections that don't have traffic lights or where there is uncontrolled movement

4. At T intersections where one has to yield to motorists already on the main road

5. When one needs to turn left into the main road, one needs to yield to oncoming vehicles on the main road

6. One one is moving from a parking lot to the pavement

In our case, rule number four applies since one needs to enter from a driveway alley or roadside to the main road. This means that one on the driveway needs to yield to vehicles already on the main road.

3 0
3 years ago
Read 2 more answers
What is a benefit of obtaining a personal loan?
tester [92]
A.
getting money with special repayment terms
6 0
2 years ago
Loss is the value of the economic surplus that is forgone when a market is not allowed to adjust to its competitive equilibrium.
avanturin [10]

Answer:

True (Dead-weight loss )

Explanation:

When the market is not allowed to adjust towards the equilibrium the economics efficiency is lost. When the supply is excessive compared to demand some part of supply remains intact, which means that small of amount of supply does not contribute to economics and allocation efficiency and considered as a dead-weight loss. The supply is forgone because the market is not allowed to stabilise.

7 0
3 years ago
Salespeople selling in foreign markets should tailor their presentations and closing styles to each market.​
Rasek [7]

The best answer to this question would be (A) True.

This is because culture will impact how your potential customers view your product. Even in the same country, different approaches should be used if the cultural divide is too vast between one area to the other.

An approach that works, for example, for urban customers in New York City, might not work with another set of urban customers based in Tokyo. Recognizing what works for each market means that you will be able to reap the best outcome possible from all of them.

3 0
2 years ago
Matrice has been working as a creative head at Ace Designs for 10 years. Her growth at Ace has made her one of the industry's fi
olga_2 [115]

Answer: continuance commitment

Explanation:

The above scenario explains a continuance commitment. This occurs when a worker remains with a particular organization after he or she looks at both the benefits and costs of leaving and sees that the cost of leaving the organization outweighs the benefits.

In this case, even though Matrice has had several recruiters offering interviews for possible positions at different companies, he believes that he should stay as a result of the medical insurance benefits that he gets. This is thus referred to as continuance commitment.

5 0
3 years ago
Other questions:
  • Who owns the factors of production?
    13·2 answers
  • The system that compares trades of nasdaq issues and reports the trades to the network c tape is called:
    8·1 answer
  • Which of the following might be a job or task of an it worker who manages networks
    7·1 answer
  • It is best to receive a completed ________ before paying an invoice
    15·1 answer
  • Consider the following account balances of Smiths Corp. at the end of the year:
    6·1 answer
  • Help me with this please !! This isn’t the right answer I picked !!
    7·2 answers
  • The _________________ assesses how likely a customer is to not purchase from one of the companies in the market but instead use
    5·1 answer
  • Isaac holds one ton of perishable fruit in storage for Juice Smoothies Corporation. Juice Smoothies does not pay for the storage
    11·1 answer
  • Madison Corporation purchased 40% of Jay Corporation for $400,000 on January 1. On June 20 of the same year, Jay Corporation dec
    14·1 answer
  • lo8 - sleazy, inc. was accused of explicit colluding with several other companies because the sleazy directly negotiated pricing
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!