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
liraira [26]
3 years ago
8

On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping Corporation's voting shares, at underlying book value.

Business
1 answer:
ArbitrLikvidat [17]3 years ago
4 0

Answer:

Explanation:

The first step is to determine the income to be carried forward:

The diagram is attached.

Therefore, the amount of consolidated retained earnings is (a.) $235,000

You might be interested in
Donna has a home currently worth $142,000, for which she still owes $63,000 on her mortgage. She has $18,000 in student loan deb
Elan Coil [88]

Answer:

$49,000

Explanation:

Donna's net worth is the total value of her assets minus the total value of her liabilities.

Donna's total assets = $142,000 + $1,000 = $143,000

Donna's total liabilities = $63,000 + $18,000 + $13,000 = $94,000

Donna's net worth = $143,000 - $94,000 = $49,000

8 0
3 years ago
Halverstein Company's outstanding stock consists of 9,450 shares of cumulative 5% preferred stock with a $10 par value and 4,050
Vsevolod [243]

Answer:

e. $6,000 preferred; $0 common.

Explanation:

The Preference Stock holders hold first preference during payment of dividends followed by the Common Stockholders.

Note also that Cumulative Preference Stock can have their dividends accumulated and paid in the latter years when funds become available.

Amount of Preference Stock dividend is fixed and calculated as follows:

9,450 shares × $10 × 5% = $ 4,725

2015

Cash dividends                                  = $0

Preference Stock dividend Paid      = $0

Preference Stock dividend Arrears = $ 4,725

No Common Stock Dividend

2016

Cash dividends                                  = $6,000

Preference Stock dividend Paid      = $6,000

Preference Stock dividend Arrears = $ 3,450

No Common Stock Dividend

4 0
3 years ago
One function of a firm to its employees is to provide them with proper working conditions and pay them accurate wages and salari
Juliette [100K]

Answer:

true

Explanation:

6 0
3 years ago
Read 2 more answers
When marketers target future buyers with sampling, coupons, and rebates while using publicity to target all customers in a parti
Akimi4 [234]

They are exhibiting management of the promotion mix in marketing.

To achieve a specific marketing goal, a promotional mix is an amalgamation of advertising techniques such as advertising, sales, public relations, and direct marketing. Typically, the promotional mix is only one component of a larger marketing strategy. You may select a few strategies or determine that a combined effect of every one of them will be most impactful for your advertisement.

The promotional mix is comprised of four components. Direct marketing, brand management, personal sales, and ad campaigns are some of them.

A promotional mix is a component of the total marketing plan, which would be the basic fundamental model used by many enterprises.

Learn more about marketing here-

brainly.com/question/13414268

#SPJ4

4 0
2 years ago
During 2014 and 2015, Danny pays property taxes of $3,500 each year on a piece of land. During 2014, the land is vacant and unpr
motikmotik

Answer: the answer is C deduct $3500 each year.

Explanation: Whether the land is vacant and unproductive or it is used to generate income. The property tax for the land will be paid yearly

5 0
3 years ago
Other questions:
  • Assume Royal Palm Corp., an equipment distributor, sells a piece of machinery with a list price of $800,000 to Arch Inc. Arch In
    10·1 answer
  • Prepare traditional and contribution margin income statements (Learning Objective 6) The Willowick Ice Cream Shoppe sold 8,700 s
    9·1 answer
  • Janice owns a firm that provides accounting services to a number of small businesses in the area. Her firm processes payroll, pr
    8·1 answer
  • For accounting errors, which of the below sentences is true?
    10·1 answer
  • Presented below is the stockholders' equity section of Mead Corporation at December 31, 2006: Common stock, par value $20; autho
    11·1 answer
  • The records of Lohse Stores included the following data: Inventory, May 1, at retail, $14,500; at cost, $10,440 Purchases during
    13·1 answer
  • Which of the following is an internal event?
    5·2 answers
  • On April 1, Cyclone Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value o
    8·1 answer
  • A mother notices that when she divides brownies equally between her two children and gives each child her share on a separate pl
    8·2 answers
  • (Present value) What is the present value of the following future amounts? a. $800 to be received 10 years from now discounted b
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!