The Babylonians in sumer used what as a monetary commodity ?

On January 1, 2016, Phoenix Co. acquired 100 percent of the outstanding voting shares of Sedona Inc. for $784,000 cash. At Janua

stiv31 [10]

Answer:

a) Consolidated net income for Phoenix and Sedona for 2018

Phoenix revenues $648,000

-Phoenix expenses ($412,000)

Phoenix Net Income $236,000

2018 Income from Sedona $54,075

Consolidated net income for $290,075

Phoenix and Sedona for 2018

b) Phoenix’s consolidated retained earnings balance at December 31, 2018

Phoenix’s consolidated retained earnings balance at December 31, 2018 = $347,075.00 (same as Phoenix because of equity method use)

c) What amount should Phoenix report for Sedona’s customer list?

Consideration transferred at fair value $784,000

Book value acquired ($548,800)

Excess fair over book value $235,200

To Equipment $95,000

To customer list (4 year life) $140,200

Three years since acquisition of customer list = $140,200/4 years = $35,050. Hence, Phoenix report $35,050 as Sedona’s customer list.

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3 years ago

Explain what a credit report is and list five kinds of information found on a credit report.

vodomira [7]

A credit report is a detailed written document about a person’s credit history. The report contains personal information, anything found in public records, information from collection agencies, information about credit cards or loans, and a list of those who have requested a copy of the report.

Is the answer on edg

9 0

3 years ago

Read 2 more answers

Over the next few years, several newly constructed office blocks will become available at the World Trade Center site. As well,

posledela

Answer:

The correct answer is Unambiguously higher equilibrium quantity, and equilibrium rental rates could be higher or lower.

Explanation:

An economic equilibrium is a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables do not change. It is the point at which the quantity demanded and the quantity offered are equal, a market equilibrium, for example, refers to the condition in which the market price is established through competition so that the quantity of Goods and services desired by buyers is equal to the amount of goods and services produced by sellers. This price is usually called the equilibrium price and tends to remain stable as long as demand and supply do not vary.

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3 years ago

Westfall Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $ 50 comma 000 and its total

Dafna11 [192]

Answer:

The cash flows from operating activities for 2018 is $99,000.

Explanation:

Westfall Industries

Statement of cash flows (extract)

Net income $81,000

Add Loss on the sale of land 4,000

Depreciation expense 8,000

Decrease in current asset 2,000

Increase in current liabilities 4,000

Cash flows from operating activities $99,000

Decrease in current assets was arrived at by comparing the closing balance of $48,000 to the opening balance of $50,000.

Increase in current liabilities was arrived at by comparing the closing balance of $40,000 to the opening balance of $36,000.

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3 years ago

Marcus is considering which college major to choose. In taking a rational approach, Marcus should consider

harkovskaia [24]

Answer:

Science or physics.

Explanation:

You didn't give us the choices

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2 years ago