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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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artcher [175]

The  statement that BEST argues that stock markets can be good for society is: C. The stock market allows individuals to invest more money.

<h3>What is stock market?</h3>

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Stock market makes it possible for investor to invest their money so as to generate more money.

Therefore the correct option is C.

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2 years ago
In may 1991, car and driver described a jaguar that sold for 980,000 dollars. suppose that at that price only
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<span>The consumer surplus is $9,237,704,920</span>
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4 years ago
When the price of gasoline​ rises, some consumers begin riding their bikes more frequently or riding the bus instead of drivin
NeTakaya

CPI does not fully account for such changes in consumer behavior is called

substitution bias

Explanation:

  • When the price of gasoline rises, some consumers begin riding their bikes more frequently or riding the bus instead of driving their cars. The fact that the CPI does not fully account for such changes in consumer behavior is called substitution bias
  • Substitution bias describes a possible bias in economic index numbers
  • If the consumer behavior  do not incorporate data on consumer expenditures going from relatively more expensive products to cheaper ones as prices will change.
  • Substitution bias is the price of a products when the consumer basket increases substantially, consumers tend to substitute lesser priced alternatives.
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3 years ago
Which of the scenarios is an example of co-branding?
lorasvet [3.4K]

Co-branding is adding Girl Scouts Thin Mints cookie chunks to a Dairy Queen blizzard treat. Co-branding is the partnership of two brands on a new product.

4 0
3 years ago
A fixed asset with a cost of $22,535 and accumulated depreciation of $20,282 is traded for a similar asset priced at $60,652. As
frez [133]

Answer:

a. $60,652

Explanation:

Gain of exchange of similar fixed assets cannot be recognized until new asset's cost is adjusted which will reflect the gain.

Book value = Cost - Accumulated depreciation = $22,535 - $20,282 = $2,253

Gain = Trade in Allowance - Book value = $5,605 - $2,253  = $3,352

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$60,652 basis used with commercial substance

6 0
3 years ago
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