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photoshop1234 [79]
3 years ago
9

Able Company issued $600,000 of 9 percent first mortgage bonds on January 1, 20X1, at 103. The bonds mature in 20 years and pay

interest semiannually on January 1 and July 1. Prime Corporation purchased $400,000 of Able’s bonds from the original purchaser on December 31, 20X5, for $397,000. Prime owns 60 percent of Able’s voting common stock.a. Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for 20X5What is the bond premium?b.Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for 20X6.What is interest income?What is Interest Expense, Investment in Able. NCIof NA of Able

Business
1 answer:
faltersainse [42]3 years ago
4 0

Answer:

Explanation:

Find attached the worksheets

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Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of segment a and (2)
trapecia [35]

Answer:

There is no data given in the question, a similar question is attached with this answer and answer was made accordingly.

Comparative Statement is made in the MS Excel File which is attached with this answer, Please find it.

Explanation:

a.

All the items except the president salary are relevant to the segment A, because these costs are particularly for incurred for Seg. A. A a single unit the Segment A is making the profit of $11,000. Allocation of president salary is the major reason for the loss.

b.

Keeping Segment A makes is a more profitable decision than Eliminating the segment A. because share of president salary associated with segment A is allocated to other segments and Segment A was contributing $11,000 in  the president salary at break-even. This contribution is lost when we Eliminate the Segment A.

6 0
2 years ago
In the set of all past due accounts, let the event A mean the account is between 31 and 60 days past due and the event B mean th
Scorpion4ik [409]

The correct answer to this open question is the following.

In the set of all past due accounts, let the event A mean the account is between 31 and 60 days past due and event B means the account is that of a new customer. The complement of A is all accounts fewer than 31 or more than 60 days past due.

That is why is so important to maintain a good credit score. A past-due account was not paid on time and with the minimum amount of money it was required. So pay attention to the last day marked in your account statement. It is not a good thing to your record and you will be paying extra money due to a late fee.

7 0
3 years ago
What type of ownership combines individual ownership of a unit in a multi-unit building and a tenancy-in-common interest in the
S_A_V [24]
<span>The type of ownership that combines individual with multi-unit ownership is a condominium. Generally, they are referred to as simply condos, these real estate investments are buildings divided into multiple units. Each unit is separately owned, rather than rented like an apartment, and they are surrounded by common areas that are jointly owned.</span>
4 0
2 years ago
Pigskin Inc. produces and sells leather handbags. Sales are 40% in cash and 60% on account. Cash from sales on account is collec
Ber [7]

Answer:

None of the other answers are correct

Explanation:

February Data is given as :

Total Sales Revenue = $160,000

Total Cash Collections =  $172,000

Thus the using the February Total Credit Sales in January will be

40 % = February Cash Collection

         = $172,000 × 40%

         = $68,800

50 % of remainder = February credit sales collection

                                = (172,000 - 68,800) × 50%

                                = $51,600

50 % of remainder = January credit sales collection

                                = (172,000 - 68,800) × 50%

                                = $51,600

Then January Credit Sales will be : $51,600 × 2 = $103,200

But this is only 60 % of the total sales.

The full 100 % will be : 100 % / 60 % × $103,200 = $172,000

Therefore,

Using this data give None of the other answers are correct

8 0
2 years ago
Please hurry
Marianna [84]

Answer:

non-competitive

Explanation:

Most community colleges have an open admission policy. It means that anyone who applies to join a community college will be admitted. The requirement to join a community college is a high school diploma.

The open admission policy implies that the community colleges do not emphasize the grades obtained in high school. An early application increases the chances of one getting accepted in their preferred courses.

8 0
2 years ago
Read 2 more answers
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