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
charle [14.2K]
3 years ago
12

Princeton Company acquired 75 percent of the common stock of Sheffield Corporation on December 31, 2011. On the date of acquisit

ion, Princeton held land with a book value of $150,000 and a fair value of $300,000; Sheffield held land with a book value of $100,000 and fair value of $500,000. What amount would land be reported in the consolidated balance sheet prepared immediately after the combination?
Business
1 answer:
melamori03 [73]3 years ago
6 0

Answer:

consolidated balance sheet:

land 525,000

Explanation:

The Princeton's land will be valued at book value.

The Sheffield's land will be valued at market value as when Princeton acquired Sheffield the land was appraised at his market value.

So 500,000 x 75% = 375,000 land of Sheffield

<u>Total land:</u>

Princeton Land   150,000

Sheffield  Land <u>  375,000  </u>

              Total    525,000

You might be interested in
Suppose at an output level of 150 units a firm's average fixed cost is $25 and average variable cost is $50. Then the average to
posledela

The average total cost of the firm is $75.

<h3>What is the average total cost of the firm?</h3>

The average total cost is the sum of the average fixed cost and the average variable cost.

The average total cost = average fixed cost + average variable cost

$25  + $50 = $75

To learn more about fixed cost, please check: brainly.com/question/27127934

#SPJ1

3 0
1 year ago
g One of the advantages to using common-sized income statements for analysis is _____________________ Group of answer choices a.
valina [46]

Answer:

b. comparisons between companies with drastically different levels of sales is made easier

Explanation:

  • An advantage of the common size income statement is that they help the financial users to understand more clearly interns of the ration or the percentage of each individual item in the economic statements the percentage of the total sales of the company.
7 0
3 years ago
Ue or false: increasing the number of stocks in a portfolio reduces market risk.
Triss [41]
False. It does not reduce market risk.
7 0
3 years ago
A firm concludes a counterpurchase agreement with a foreign country for which it receives some counterpurchase credits for purch
andrezito [222]

Answer:

This is an example of switch trading.

Explanation:

Switch trading is defined as a practice where one company goes into agreement with another company located in a different country to commit in the purchase of each company’s goods and services. This common practice is part of the countertrading category, which is the exchange of goods and services with other goods and services. Other examples of countertrading include barter, counter purchase, buyback, offset, and compensation trade.

5 0
2 years ago
An airline company must plan its fleet capacity and its long-term schedule of aircraft usage. For one flight segment, the averag
tresset_1 [31]

Answer:

112 customers per day

Explanation:

For computing the needed capacity requirement, first we have to find out the new utilization rate which is shown below:

Capacity cushion = 100% - average utilization rate

25% = 100% - average utilization rate  

So, the average utilization rate is 75%

Now the needed capacity requirement is

Utilization rate = Average output rate ÷ Maximum capacity × 100

75% = 84 ÷  Maximum capacity × 100

So, the maximum capacity is 112 customers per day

We simply applied the above formula to determine the needed capacity requirement

8 0
3 years ago
Other questions:
  • Which of the following combinations of actions by Congress and the Federal Reserve would be most effective in stimulating an eco
    13·1 answer
  • You are new. your supervisor is giving you lots of instructions for where to find information you will need to do your job. she
    8·2 answers
  • Which of these changes are planned and based on situations that are expected to arise? A. Anticipatory B. Exponential C. Strateg
    8·1 answer
  • Which of the following investment choices is least risky?. . A.Flipping. B.Renting. C.CDs. D.Bonds. .
    8·2 answers
  • Most routine business messages will follow the​ _____
    12·1 answer
  • GUYS PLEASE HELP ME WITH FINANCIAL PLAN FOR COMPANY OF CONFECTIONERY PRODUCTS BASED ON COFFEE!!!!! 1)Set the price of product an
    14·2 answers
  • Goal conflict can be avoided if budget goals are carefully designed for consistency across all areas of the organization. True F
    8·1 answer
  • National Inc. manufactures two models of CMD that can be used as cell phones, MPX, and digital camcorders. Model Annual Sales in
    13·1 answer
  • A prospective employer reviews an applicant's work history and personal references. In
    12·1 answer
  • To better evaluate the denials of Medicare claims at ABC Hospital, Shelly (the Coding Manager) and
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!