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krek1111 [17]
3 years ago
5

On January 1, 2017, Grand Haven, Inc., reports net assets of $945,300 although equipment (with a four-year remaining life) havin

g a book value of $510,000 is worth $591,500 and an unrecorded patent is valued at $45,000. Van Buren Corporation pays $857,440 on that date to acquire an 80 percent equity ownership in Grand Haven. If the patent has a remaining life of nine years, at what amount should the patent be reported on Van Buren's consolidated balance sheet at December 31, 2018?
Business
1 answer:
sineoko [7]3 years ago
3 0

Answer:

patent on the consolidated estament: 32,000

Explanation:

45,000 x 80% = 36,000

36,000 / 9 = 4,000 amortization per year

 patent of Grand heaven

<u>      debit           credit        </u>

  36,000 recognize at purchase

                        4,000 december 31th amortization

  32,000 balance.

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Suppose that the adult population in the town of Springfield is 225 million. If 40 million are unemployed and 100 million are em
amid [387]

Answer:

a) 29%

Explanation:

The formula to compute the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100

where,

Number of unemployed = 40 million

Total labor force = Number of unemployed + number of employed

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So, the unemployment rate would be

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5 0
3 years ago
Accounting is the information system that A. measures business activity. B. communicates the results to decision makers. C. proc
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Answer:

All of the above

Explanation:

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4 0
2 years ago
One negative consequence of using automation to improve manufacturing production is that:
melamori03 [73]

Answer:

The correct answer is letter "A": factories often need fewer workers.

Explanation:

Automation is the introduction of machinery in manufacturing companies with the intention of mass-producing standardized goods in an attempt to reduce costs by using large lines of equipment instead of more human labor hand. While this represents an advantage for companies, it is a drawback for employees who see their job duties being handled to machines.

Automation is used in different industries such as <em>utilities, defense, </em>and <em>information technology.</em>

5 0
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garri49 [273]

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Please check the attached image for the table explaining how the answer was gotten.

7 0
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I think it's a "newly constructed home"

I hope it helped you!
6 0
2 years ago
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