Answer: When consideration is provided by one of the parties to the contract
Explanation:
Consideration must be given to make a contract legally binding.
Answer:
B. The manager may be able to influence the quality of the service but has little control over the customers' expectation
Explanation:
Answer:
$7,000,000
Explanation:
Accounting for Non-Controlling Interest requires measurement of stock at Fair Value.
Total fair value of firm = Fair value of common stock + Fair value of preferred stock
= $62,000,000 + $8,000,000
= $70,000,000
90% of equity represent the extent of controlling interest in the firm. Thus, remaining 10% will be the value of non-controlling interest.
As already discussed, non controlling interest requires measurement at fair value:
Non-Controlling Interest = Total Fair Value x Percentage of Non-Controlling Interest
= $70,000,000 x 10%
= $7,000,000 (Answer)
Answer:
Explanation:
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Your way, inc is a furniture store located in Dallas, Texas, United States, it makes unique and fine pieces of furnitures, they also repair and recover them.
