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
Artist 52 [7]
4 years ago
11

Play Inc. owns 100% of Station Corp.'s common stocks. On January 1, 2015, Play sold to Station for $50,000 an equipment with a c

arrying amount of $30,000. Station is depreciating the equipment over a 5-year life using the straight-line method. Describe the two adjustments and provide the amounts made in 2015 consolidated income statement.
Business
1 answer:
victus00 [196]4 years ago
5 0

Answer:

There is unrealised profit on the equioment sold by Play inc to Statetion Corp.

the Adjustment include

  • Deduct net unrealised profit of $16,000  from Equipment
  • Deduct net unrealised profit of $16,000 from  Group(consolidated )retained earnings.

Amount to be recognized as unrealized profit in the consolidated income statement is $16,000

Explanation:

Computation of Net unrealized profit

Unrealized profit ( $50,000 - $30,000)                       20,000

Depreciation on Unrealized profit( 20,000/5)              <u>  (4,000</u>)

Net unrealized profit                                                      <u>   16,000</u>

You might be interested in
Suppose two countries initially start off at the same GDP per capita in 1940. After 70 years the countries have large difference
Aneli [31]

Answer:

The contrast in GDP per capital growth relative to productivity growth between the two countries and the effect of compounding decrease

Explanation:

Solution

The GDP growth rate relative productive growth was one of the prime factors of total growth during the late 20th century.

The more technological investment, the higher was the productivity together with compounding could have played a vital role.

By compounding it refers to the reinvestment with the aid of established generated revenue. this implies that capital is used to its fullest thus increasing productivity. thus maybe the country with Low GDP per capital might have experienced a decrease, then compounding further abetting a downturn in the GDP growth rate.

6 0
3 years ago
A-Plus Linens sent the following notice to John C. Lincoln Hospital: "We'll pay you. Drop your current linen service and we'll g
ehidna [41]

Answer:The answer is a

Explanation:

A contract is an agreement between two or more parties which contains the terms and conditions of the contract and which also serve as an evidence that the two parties in the contract has a duty to perform to each other. The terms and conditions of the contract can be enforced in the court of law in case of a breach of contract which may come from either parties in the contract agreement. While, a contract interference is a kind of breach of contract in which one vendor put a pressure on the organization in which they offer service to withdraw from the contract the organization earlier had with one of their competitors in the market. This contract interference can occur when a vendor either force or put a financial inducement on the organization with a view to make them consider their proposal to the organization to eventually agree to abandon the contract they had with their competitors in favour of getting the contract instead of their competitors who should get the contract.

Therefore, from what we can deduce from the question under review, it is clear that A plus linen has engage in contract interference by offering John C Lincoin hospital $5 for every 100 pound of linen they send to them by dropping their current linen service.

5 0
3 years ago
Emma, the facilities director for a college of business, was very involved in the purchase process for remodeling the student lo
Diano4ka-milaya [45]

Answer:

Procurement department is the best suited answer

Explanation:

Emma is following the procedure of procurement here as it is the responsibility of procurement to search the desired product and negotiate it. It is the job of procurement department to  issue purchase orders, develops term contracts, and acquires supplies and services. Although it is the higher authorities to have a final say but it is the job of procurement department to enlist and gather all the information for the higher authorities.

7 0
3 years ago
Sharice was concerned that she would not be able to afford the payments on her new credit card. Even though she has not used it
gregori [183]

Answer:

dssfdsfdsdgfsgsgds

Explanation:

8 0
4 years ago
When happens when demand exceeds supply?
ElenaW [278]

A shortage occurs when demand exceeds supply – in other words, when the price is too low. However, shortages tend to drive up the price, because consumers compete to purchase the product. As a result, businesses may hold back supply to stimulate demand.

4 0
3 years ago
Other questions:
  • Aurora, a self-employed taxpayer, reports all her income on Schedule C. During the tax interview, Aurora's Tax Professional dete
    13·1 answer
  • Acme Enterprises began the year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this merc
    12·1 answer
  • true or false: Quality function deployment (QFD) allows people to see how aspects of their products and services relate to custo
    11·1 answer
  • Assume the following information about the market and​JumpMasters' stock.​ JumpMasters' beta​ = 1.50, the​ risk-free rate is​ 3.
    12·1 answer
  • In 2001, President George W. Bush and Federal Reserve Chairman Alan Greenspan were both concerned about a sluggish U.S. economy.
    11·1 answer
  • HELP PLEASE SOS<br><br> carrefour's type of delegation and it's advantages and disadvantages
    10·1 answer
  • Fill in the missing amounts.
    6·1 answer
  • Below are several names of companies and their founders. Explain whether the business creates and sells innovative products or u
    7·1 answer
  • Briefly explain two advantages of public sector businesses​
    8·1 answer
  • Where can you find a wide range of verified amis from both aws and third-party vendors?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!