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faust18 [17]
3 years ago
5

Harper, Inc. acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2017, for $322,000 in cash. The

book value of Kinman net assets on that date was $665,000, although one of the company's buildings, with a $70,800 carrying amount, was actually worth $114,300. This building had a 10-year remaining life. Kinman owned a royalty agreement with a 20-year remaining life that was undervalued by $96,500. Kinman sold inventory with an original cost of $44,100 to Harper during 2017 at a price of $63,000. Harper still held $27,600 (transfer price) of this amount in inventory as of December 31, 2017. These goods are to be sold to outside parties during 2018. Kinman reported a $55,800 net loss and a $26,400 other comprehensive loss for 2017. The company still manages to declare and pay a $12,000 cash dividend during the year. During 2018, Kinman reported a $48,200 net income and declared and paid a cash dividend of $14,000. It made additional inventory sales of $104,000 to Harper during the period. The original cost of the merchandise was $65,000. All but 30 percent of this inventory had been resold to outside parties by the end of the 2018 fiscal year. Prepare all journal entries for Harper for 2017 and 2018 in connection with this investment. Assume that the equity method is applied.

Business
1 answer:
Bogdan [553]3 years ago
5 0

Answer:

Please find attached.

Explanation:

Please find attached the journal entries per the attached question

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Select all that apply. Select other ways to measure the quality of life in a country besides the real GDP per capita.
Nata [24]
GDP stands for Gross Domestic Product. When we refer to Per Capita GDP, this covers the gross income of the country, and this is divided by the number of population in that country. Basing on this definition, I can say that the other ways to measure the quality of life in a country aside from basing from per capita GDP is through Genuine Progress Indicator, and <span>Gross Domestic Product. Hope this helps.</span>
4 0
3 years ago
Defining the organizational mission forces managers to identify ________.
quester [9]
To identify what the organization is in business to do.
5 0
3 years ago
1. If the government decides to subsidize the production of a good, the result would be a decrease in the equilibrium price and
Crazy boy [7]

Answer: False

Explanation:

When the government subsidies production of a good, it leads to a rise in the supply of the good. The supply curve shifts down to the right leading to a <em>fall in the price level</em>. But the <em>equilibrium quantity increases</em>.

Thus, the given statement is false that if the government decides to subsidize the production of a good, the result would be a decrease in the equilibrium price and a decrease in the equilibrium quantity.

7 0
3 years ago
A flying squid (family Ommastrephidae) is able to "jump" off the surface of the sea by taking water into its body cavity and the
Zielflug [23.3K]

Answer: V=7.43m/s

d =2.82m

Explanation:

a) For the first part, the initial velocity immediately after ejection, by using momentum conservation

before ejection, the momentum of the squid/water system is zero

there are no external forces acting on the system at the moment of ejection, so we can find the speed of the squid by noting

momentum before ejection = momentum after ejection

0 = M1U + M2V

0=-0.26 kg x 20 m/s + 0.7kg x V

where the speed of the water is taken as the negative sign, and V is the speed of the squid right after ejection, solving for V we get

V=7.43m/s

B. we use the equation vf^²=v0^²+2ad

where vf=final velocity = 0 since velocity is zero at motion's apex

v0=initial velocity = 7.43m/s

a = acceleration = -9.8m/s/s

d=height (to be found)

Therefore,

0=7.43^²+2(-9.8)d

Mathematically, it becomes

d=7.43^²/2(9.8)= 2.82m

d = 2.82m

4 0
3 years ago
An established process for assessing quality of care or services in which an organization demonstrates that it meets a set of mi
Hunter-Best [27]

Answer:

Quality assessment

Explanation:

Quality assessment is a set of processes that is used to ensure progressive improvement in health care delivery by evaluating structure, process, and outcome in a health care organisation.

Quality standards are set for different criteria and the quality assurance officer follows certain steps to ascertain if minimum standard is being met.

If however the quality standard is below expectations, Tha cause is determined with a view of making improvement.

4 0
2 years ago
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