1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
In its​ year-end income​ statement, Black Knights Company reported cost of goods sold of​ $450,000. Changes occurred in several
torisob [31]

Answer:

The answer is $330,000

Explanation:

Cash paid to suppliers is the total amount of cash paid to its creditors.

We can find that through:

Cost of sold

Minus: Decrease in inventory

Plus: Decrease in accounts payable

=Cash paid to suppliers.

Now let's start:

Cost of sold - $450,000

Decrease in inventory - $160,000

Decrease in accounts payable- $40,000

$450,000 - $160,000 + $40,000

=$330,000

Therefore, Cash paid to suppliers is $330,000

5 0
3 years ago
Brad will graduate next year. When he begins working, he plans to deposit $6000 at the end of each year into a retirement accoun
Dovator [93]

Answer:

$92,8571.7937

Explanation:

The computation of the amount after 40 deposits is shown below:

= (((1 + interest rate)^number of years - 1) ÷ interest rate)× principal

= (((1 + 0.06)^40-1) ÷ 0.06) × $6,000

= $92,8571.7937

We simply applied the above formula and the same is to be considered

We considered all the things given in the question

8 0
4 years ago
What is a food technologist
Kay [80]

Answer:

Food technologists are responsible for the safe and efficient development, modification and manufacture of food products and processes.

Explanation:

6 0
3 years ago
Read 2 more answers
Misaki, a sales manager at a startup cosmetics company, wants to determine her company’s market potential. She first develops a
Viefleur [7K]

The type of approach Misaki is using to determine her company's market potential is the breakdown approach, used to determine the size of sales forces needed in a company.

<h3 /><h3>Breakdown approach</h3>

Corresponds to a method used to identify an organization's sales force, through projections for future sales and past sales history.

Therefore, in the breakdown approach, the total sales value identified by the sales projection is divided by the sales generated by each sales professional, assuming that each one reaches the same level of productivity.

The correct answer is:

  • Breakdown approach

Find out more information about breakdown approach here:

brainly.com/question/5775960

6 0
2 years ago
An investment has been growing at a fixed annual rate of 20% since it was first made; no portion of the investment has been with
Mademuasel [1]

Answer:

The correct option is 2

Explanation:

Let us assume the current value of the investment be x

And the annual growth factor of the investment is 1.2

1. The  investment value has increased or risen by 44% since it was first made

It is known that the combined growth factor of the investment is 1.44 and no information is stated regarding the actual ($) values. Therefore, the unique value could not be computed.

So, this statement lacks information and insufficient to solve for x.

2. 1 year ago, the withdrawn money worth is $600 and at present the worth of the investment would be 12% less than the actual worth.

1 year ago, the value of the investment was x / 1.2. So, the equation could be set up regarding the withdrawal.

The equation would be:

= (x/ 1.2- 600) × (1.2)

=0.88x

Therefore, the unique value to could be answered and the sufficient to answer.

NOTE: The options are missing. So I am providing the answer with the options.

4 0
3 years ago
Other questions:
  • Dragonfly, publisher of children's books, has purchased White Rabbit, another publisher of children's books. Both companies' boo
    9·1 answer
  • Which of the following statements about GDP is correct? a. GDP measures two things at once: the total income of everyone in the
    12·1 answer
  • An accountant has been engaged to compile the financial statements of a nonissuer. The financial statements contain many departu
    12·1 answer
  • Lawrence Reed in his article "The Role of Incentive" states that the best way to curb pollution and misuse of resources is to?
    9·1 answer
  • If your organization, product, idea, and solution cannot be first-to-market or first-to-mind then be first in a category, includ
    9·1 answer
  • "On August 5, 2018, Famous Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set
    14·1 answer
  • At the beginning of 2021, Artichoke Academy reported a balance in common stock of $150,000 and a balance in retained earnings of
    7·1 answer
  • Heather Hudson makes stuffed teddy bears. Recent information for her business follows: Selling price per bear $ 32.50 Total fixe
    9·1 answer
  • Because self-managed teams were established at the Kinex plant, the number of electrical components produced has increased by 12
    15·1 answer
  • Pete jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the acc
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!