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shutvik [7]
3 years ago
5

Ringler Corporation exchanges one plant asset for a similar plant asset and gives cash in the exchange. The exchange is not expe

cted to cause a material change in the future cash flows for either entity. If a gain on the disposal of the old asset is indicated, the gain will
Business
1 answer:
Thepotemich [5.8K]3 years ago
4 0

Answer:

Explanation:

In this scenario, If a gain on the disposal of the old asset is indicated, the gain will effectively reduce the amount to be recorded as the cost of the new asset. This is because the old asset was exchanged but Ringler Corporation still had to spend some money during the transaction to acquire the new asset, therefore any gain on the disposal of the old asset will ultimately recover some of those costs thus reducing the recorded cost.

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Cairns owns 80 percent of the voting stock of Hamilton, Inc. The parent’s interest was acquired several years ago on the date th
tensa zangetsu [6.8K]

Answer:

hello your question has a missing journal entry table attached below is the entry journal table completely filled

Explanation:

Amount of bonds acquired = 40% of original bond

i) Bonds payable = 40% * 1,300,000

                           = $520000

purchase price of bonds = $520000 * 96% ( FACE VALUE )

                                         = $499200

hence the annual amortization

(bonds payable - purchase price of bonds ) / 10 years - 2 years

(520000 - 499200 ) / 8  = $20800/8 = $2600

ii) premium on bonds payable

$20800 - $2600 = $18200

cash amount = $520000 * 8% = $41600

intra entity expense and income table is attached below

from the table

iii) intra-entity interest expense = $39000 and the

iv) intra-entity interest income = $44200

v) investment in bonds

purchase price of bonds + annual amortization

= $499200 + $2600 = $501800

the book value on bonds as at 1st January 2011

=$1300000 * 105% = $1365000

Premium on bonds as at January 1st 2011

= $1365000 - $1300000 = $65000

amortization of premium as at January 1st 2011

=( ($65000) / 10 years ) * 2 years

= $13000

hence the controlling interest in bonds payable = $540800

vi) gains on retirement bonds

=  $540800 - $499200 = $41600

attached below is the journal entry on 31st December 2013

5 0
3 years ago
Countries are interconnected today as never before. From eating foods from different countries to singing along to songs perform
Nuetrik [128]
This is tough to answer in 3-5 sentences, and tends to also be a heavy identifier of your possible political leanings.  You'll have to apologize if some of mine leak out in the response, but this is a question we debate hotly more frequently than every 4 years.

In general, international trade can help increase the GDP and overall profits for US-based corporations.  However, if all we do is export, and we don't import, other countries don't look favorably upon that and may heavily tax our goods to counter this.

I believe we do need to be thoughtful about the amounts and kinds of international trade that we engage in.  For example, farming is always a hotly debated issue for international trade, in part because farmers in other countries with a dramatically lower cost of living OR farmers in countries with a favorable currency rate (exchange from their currency to our dollars gives them an advantage) can undercut our farmers here in the US, many of whom are already struggling.

There are also those who are worried that when we import produce from countries that have not outlawed pesticides we know are carcinogenic, for instance, this creates not only a disadvantage for US farmers, but also for consumers who may be concerned about health issues.

As another example of this, many countries outlawed import of US beef during the Mad Cow Epidemic.  We in turn also placed bans on importing beef from the UK.  

These are examples of why it's important to be thoughtful about trade, but there are certainly many others, including decline in production jobs within the US that have left cities like Detroit a ghost town (this was formerly the hub of our automotive industry production).
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3 years ago
Which one of the following statements is correct?A) NASDAQ has more listed stocks than does the NYSE.B) The NYSE is a dealer mar
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Answer:

A. NASDAQ has more listed stocks than does the NYSE.

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3 years ago
There are many ways to cash-flow your college education without going into debt. Provide a minimum of five options for cash-flow
Ghella [55]
<span>1. Get a part-time job.
</span>Many college campuses have opportunities to work to earn some extra money or a chance for your work to convert into money towards your tuition.<span>You can have your paycheck be directly deposited into your bank account so you don’t have to worry about cashing a paper check, and if you get a checking account, you can get a debit card to use your money at school for food, books, and other necessities.
</span>2. Sell your notes and study guides on Flashnotes.
Flashnotes is a way to make money doing something you will be doing anyways! This is a great way to help students, review your class material and make money, all at the same time.<span>Typing out the notes will help you remember what you learned, and reading something in someone else’s “voice” will help other students learn better since they are learning from their peers. Sell your papers through social medias and you can then send it through email or blog.
</span>3. Enter sweepstakes.
Many popular stores have surveys that you can take after you make a purchase. Many times, you get a coupon for a percentage off, but some surveys get you entered to win gift cards to the store. This is especially helpful if you shop there and if you typically buy living necessities at the store.

While winning is not guaranteed, if you shop there a lot, you may be able to get entered several times, increasing your chances of winning, compared to those who may not shop there a lot or even those who do not choose to take the survey.

4. Earn gift cards through online rewards websites and apps.

There are websites and apps that allow you to earn points that can be redeemed for gift cards. These sites and apps include Swagbucks<span>, </span>InstaGC<span>, </span>Inbox Dollars<span> and </span>ePoints. Points are earned through taking surveys, playing games, watching videos, and other activities.

Each activity has a specific point amount and they accumulate until you decide that you want to cash them in. Many of these sites give points for online shopping or signing up for offers, but do not sign up and pay for something that you do not really need, since that defeats the purpose.

5. Get paid to write reviews online.
There are websites, like SliceThePie.com, that pay you for reviewing the latest fashions and music. The longer and better your reviews, the more you get paid.

For example, on SliceThePie, while the maximum is typically nine cents per review, there are certain specials that allow you to get paid more. This usually happens on fashion reviews, but some music is occasionally higher paying.

Also, the more stars you have, the more you get paid. Stars are earned through predicting hits. While this is not a means of getting rich quickly, it definitely adds up after you go at it for a while. You can cash out once you reach ten dollars, and you get paid through your PayPal account.

7 0
3 years ago
A state whose fiscal year ends June 30, 2013, had the following transactions and events. For each item, compute how much total e
timurjin [86]

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