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Oksi-84 [34.3K]
3 years ago
9

Maple Corporation and its subsidiary reported consolidated net income of $380,000 for the year ended December 31, 20X5. Maple ow

ns 75% of the common shares of its subsidiary, acquired at book value. Noncontrolling interest was assigned income of $25,000 in the consolidated income statement for 20X5. What is the amount of separate operating income reported by Maple for the year
Business
1 answer:
Klio2033 [76]3 years ago
4 0

Answer: $280,000

Explanation:

Maple owns 75% of the subsidiary and the Non controlling interest which owns 25% in the subsidiary was assigned an income of $25,000 from the subsidiary.

The income of the subsidiary is;

0.25x = 25,000

x = 25,000/0.25

x= $100,000

If both Maple and the subsidiary reported $380,000, Maple's separate income is;

= 380,000 - 100,000

= $280,000

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scoundrel [369]

Answer:

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As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.

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3 years ago
How much is a $2 dollar bill worth
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3 years ago
Read 2 more answers
You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compound
Maslowich

Answer:

The retirement fund will last for 33 years and 7 months

Explanation:

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15,000 \times \frac{1-(1+0.004)^{-n} }{0.004} = 3,000,000\\

we clear for n as much as we can and solve

(1+0.004)^{-n}= 1-\frac{3,000,000\times0.004}{15,000}

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now we use logarithmic properties to solve for n:

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Q 1.1: An owner who wants to have limited liability should form which type of business enterprise?
ycow [4]

Answer:

A corporation                                      

Explanation:

A business is an agency–typically a group of individuals or a firm–allowed by the government to operate as a single body (a legal entity) and recognized as being for other functions of law.

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3 years ago
The Sisyphean Company's common stock is currently trading for $25.00 per share. The stock is expected to pay a $2.50 dividend at
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Answer:

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3 years ago
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