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
lana [24]
3 years ago
7

On january 3, 2013, persoff corporation acquired all of the outstanding voting stock of sea cliff, inc. In exchange for $6,000,0

00 in cash. Persoff elected to exercise control over sea cliff as a wholly owned subsidiary with an independent accounting system. Both companies have december 31 fiscal year-ends. At the acquisition date, sea cliff's stockholders' equity was $2,500,000 including retained earnings of $1,700,000.Persoff pursued the acquisition, in part, to utilize sea cliff 's technology and computer software. These items had fair values that differed from their values on sea cliff 's books as follows:
Business
1 answer:
konstantin123 [22]3 years ago
3 0

Answer:

It is a wholly owned subsidiary so the Income Statement will include the figures of both the companies in the consolidated Income Statement. However the equity side of Balance Sheet will include share capital of only the parent company and include retained earnings of both the companies, assets will added up of the two companies and reported in the Balance Sheet however goodwill of the subsidiary will also be reported and liabilities will also be added up and reported in a same manner.

Explanation:

Because the data is not completely provided a general idea is provided here:

It is a wholly owned subsidiary so the Income Statement will include the figures of both the companies in the consolidated Income Statement. However the equity side of Balance Sheet will include share capital of only the parent company and include retained earnings of both the companies, assets will added up of the two companies and reported in the Balance Sheet however goodwill of the subsidiary will also be reported and liabilities will also be added up and reported in a same manner.

You might be interested in
Your trip to was great, but it unfortunately ran a bit over budget. However, you just received an offer in the mail to transfer
serg [7]

Answer:

with the new rate we will pay in 58 months.

if there is 2% commision charge: 59.35 = 60 months

Explanation:

Currently we owe 10,000

This will be transfer to a new credit card with a rate of 6.2%

We are going to do monthly payment of 200 dollars each month

and we need to know the time it will take to pay the loan:

We use the formula for ordinary annuity and solve for time:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C  $200.00

time n

rate 0.005166667 (6.2% rate divide into 12 months)

PV $10,000.0000

200 \times \frac{1-(1+0.0051667)^{-n} }{0.0051667} = 10000\\

We arrenge the formula and solve as muhc as we can:

(1+0.0051667)^{-n}= 1-\frac{10000\times0.0051667}{200}

(1+0.0051667)^{-n}= 0.74166667

Now, we use logarithmics properties to solve for time:

-n= \frac{log0.741667}{log(1+0.0051667)

-57.99227477 = 58 months

part B

If there is a charge of 2% then Principal = 10,000 x 102% = 10,200

we use that in the formula and solve:

(1+0.0051667)^{-n}= 1-\frac{10200\times0.0051667}{200}

(1+0.0051667)^{-n}=0.73650000

-n= \frac{log0.7365}{log(1+0.0051667)

-59.34880001 = 59.35 months

6 0
3 years ago
The Eating Club, a five-star restaurant, advertises a job in the local newspaper as "Waiters needed. Experience required. Must l
boyakko [2]

Answer:

Ella can sue The Eating Club since their advertisement contains language that could indicate a preference based on sex, which is a violation of the Equal Employment Opportunity Act. The law prohibits employment discrimination based on gender, race, color, age, sexual orientation, religion, national origin, disability, political beliefs, and marital or familial status.

8 0
3 years ago
Which of the following does not use any type of computer code in their work?
stira [4]
Computer user support
6 0
3 years ago
Read 2 more answers
A teacher wishes to determine the reliability of three trials on a performance test. she uses anova to obtain the reliability co
liberstina [14]

The technique is called: interclass correlation

Interclass correlation define the connection between two variables that belong to different classes,and commonly used for  countable measurements that made for several groups of subject. Currently, this type of correlations is among the most commonly used by marketing unites to research various information about their products (such as popularity, segmentation, positioning, etc_)

7 0
3 years ago
What is the net profit A. 3200 B 26250 C. 5,750 D. 6,000​
Luda [366]

Answer:

26250

Explanation:

I subtracted the expenses from the revenue to get this.

I hope this is correct, and as always, I am joyous to assist anyone at any time.

4 0
3 years ago
Other questions:
  • Maria wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacat
    7·2 answers
  • Which aspect of culture is being addresses by an advertisement for ham that features a family enjoying dinner together??
    14·1 answer
  • Which of the following statements is true of semiglobalization?
    5·1 answer
  • In centrally planned economies, the government owns most of the factors of production. select one:
    12·1 answer
  • During the recent financial crisis many workers lost their jobs. Amy, for example, lost her job as a pharmaceutical salesperson.
    13·1 answer
  • Access Organics, Inc., hired Andy Hernandez to sell organic produce. Later, Hernandez signed an agreement not to compete with Ac
    10·2 answers
  • Carey is a waiter at a restaurant that pays a small hourly amount plus tips. Customers are not required to tip the waiter. Carey
    15·1 answer
  • All of the following are automatic stabilizers, except.
    7·1 answer
  • Valcarcel Corporation manufactures and sells one product. The following information pertains to the company’s first year of oper
    9·1 answer
  • Suppose a store offer a loyalty card. the stores punches the card at every visit and on the seventh visit the customer gets a 20
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!