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andre [41]
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:
borishaifa [10]3 years ago
5 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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Terry, nick, and frank are forming the doctor partnership. terry is transferring $30,100 of personal cash and equipment worth $2
Leni [432]
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Liabilities
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6 0
3 years ago
Bankston Corporation forecasts that if all of its existing financial policies are followed, its proposed capital budget would be
Reil [10]

Answer:<em> Option (E) is correct.</em>

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With an increase in percentage of debt , there will be a proportional increase in cost of equity and thereby decreasing investment in equity. This will therefore reduce Bankston's need to issue new common stock

6 0
3 years ago
Briefly evaluate the effectiveness of artificial trade barriers, such as tariffs and import quotas, as a way to achieve and main
eimsori [14]

Answer: Reduction of imports will move spending on another national output to spending on domestic output

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Artificial tree barrier such as tariff and import quotas reduce unemployment in one US industry and has another industry increase it's productivity due to this effect. Reduction of imports will move spending on another national output to spending on domestic output, this would cause the domestic output and employment to rise

5 0
2 years ago
Which loan type requires you to make loan payments while you're attending school?
babymother [125]

Answer:

Unsubsidized Loans

Explanation:

The kind of loan required the person in order to make the loan payments when attending the school is the Unsubsidized Loans, which is also known as the Unsubsidized Stafford Loans, it is that kind of loan which is for the federal student and borrowed by the Direct Loans program which offer graduate, professional  and undergraduate students a fixed , low interest rate and also the flexible repayment terms.

6 0
3 years ago
The following are national income account data for a hypothetical economy g in billions of dollars: government purchases ($1,050
kirill115 [55]

Answer:

the GDP is $6,850 billion

Explanation:

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5 0
3 years ago
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