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Vadim26 [7]
3 years ago
12

On September 30, Year 1, Payne, Inc. exchanged some of its shares for all of the common stock of Salem, Inc. in a business combi

nation. Salem continued as a wholly owned subsidiary of Payne. How should Salem's January 1, Year 1, Retained Earnings and income for January 1 to September 30 be reported in Year 1 consolidated statements?
Business
1 answer:
MrRissso [65]3 years ago
6 0

Answer:

Payne should exclude Salem's January 1, Year 1, Retained Earnings and income for January 1 to September 30 from consolidated Retained Earnings and consolidated income

Explanation:

The Retained Earnings of Salem on January 1, Year 1 and and its income during the period between January 1 and September 30 would not be included in the Year 1  consolidated financial statements.

The reason is that The Retained Earnings of Salem on January 1, Year 1 and and its income during the period between January 1 and September 30 are part of the equity of the shareholders that that Payne acquired on September 30, Year 1. They would then be eliminated in the eliminating entry of the consolidating investment.

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Rus_ich [418]

Answer:

multifactor productivity = 8.3%

Explanation:

given data

Total cost for chemicals = $10

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solution

first we get here total initial cost that is

total initial cost  = 10 + 40 + 5

total initial cost = $55

and

Increase in cost of chemical is = 10 + (0.5) × (10)  

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so Total increase in cost will be

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3 0
3 years ago
A company had net cash flows from operations of $120,000, total cash flows of $500,000, and average total assets of $2,500,000.
Gemiola [76]

Answer:

cash flow on total assets ratio = 4.8 %

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given data

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cash flow on total assets ratio

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3 0
4 years ago
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3 0
3 years ago
A salesperson earns $350.25 per week plus 12% of her weekly sales. Which of the following describes the sales necessary for the
Natali5045456 [20]
The equation for problem above is:
350.25+12/100*x=800.5
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But the question is "at <span>least" $800.50 so the final answer is

</span>x \geq 3752.08<span>
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