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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

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Maksim231197 [3]

Answer:

The adjusted balance for Insurance Expense for the year will be $5,270

Explanation:

Prepaid Insurance is the value of Insurance paid before it becomes accrued and it is an current asset balance. It will be accrued as each month passes the monthly amount will be charged as expense and transferred to the Insurance expense account.

Unadjusted values:

Insurance Expense = $2,570

Prepaid Insurance = $3,900

Adjustment value of the insurance = $2700

Adjusted values:

Insurance Expense = $2,570 + $2,700 = $5,270

Prepaid Insurance = $3,900 - $2,700 = $1,200

7 0
3 years ago
A work center uses kanban containers that hold 200 parts. To produce enough parts to fill a container, 60 minutes of setup plus
slamgirl [31]

Answer:

9 containers

Explanation:

Data given

Container holds (capacity) = 200 units

Demand rate per minute = 10 units

The computation of number of containers needed is shown below:-

Time to fill container = Setup time + Processing time

= 60 + 120

= 180 minutes

Number of containers (n) = (Demand × Time to fill container) ÷ Capacity of the container

= (10 × 180) ÷ 200

= 1,800 ÷ 200

= 9 containers

Therefore for computing the number of containers we simply applied the above formula.

5 0
2 years ago
Value is the perception by consumers that a band provides satisfaction greater than the cost incurred to acquire the product or
gtnhenbr [62]

Answer:

The correct answer is True.

Explanation:

The answer is not very simple to give; However, some experts in the field say that most people base their purchase decisions on "their perceptions about the value that different products or services provide"; which, overcomes the barrier of the lowest price or higher quality.

For this reason, today it has been widely reported that successful companies do not deliver products in exchange for a profit, but rather: Value in exchange for a profit.

7 0
3 years ago
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Snezhnost [94]

Answer:

a career transition        

Explanation:

In simple words, a career transition refers to the process under which an individual changes his or her job or profession etc. Such transition could be done by changing jobs in the same job sector such as one start selling pizzas instead of burgers. On the other hand, some individual changes their occupations drastically, for instance, a doctor starts a burger shop by arranging his or her own capital.  

5 0
2 years ago
It is safe to use your bright headlights if there is a car ahead of you within 300 feet. True or False?
monitta
True.
At 200 feet you turn on low beams :)
6 0
3 years ago
Read 2 more answers
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