Answer:Answer and Explanation:
At the begining we have to calculate loan instalment.
Capital Installment = Loan/360 (12 month * 30 years)
Interest Installment = Balance from...
Explanation:Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inv entory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a. prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price. b.present the eliminating/adjusting entries needed on the consolidated worksheet
Answer:
The correct answer is $0 , $0 and $5,000.
Explanation:
According to the scenario, computation of the given data are as follow:-
a) After these transactions, Jonas’s basis in his stock is decreased by the cash distribution and increased by the net income So, it's basis in his stock is $0.
b) Jonas basis in the debt is loan made to Ard and reduced to $0 by prior losses.
We can calculate the capital gain by using following formula:-
c) Jonas’s recognized capital gain= Cash Distribution–Taxable Income
= $15,000 - $10,000
=$5,000
When using the Waterfall Approach, development activities are performed in order, with possibly minor overlap, but with little or no iteration between activities.
Explanation:
There is a seamless execution of software operation with perhaps a slight variation, but little or no repetition. User standards are identified, requirements are described and the whole system is designed, intended and tested at one moment in time for ultimate delivery.
A document-based approach better suited to structures of strongly precedent and reliable requirements.
Sometimes referred known as the great linear and sequential model, the waterfall model is also quite linear and sequential for the activity flow in this model, as its title suggests.
Pay plans or compensation plans are used to control, energize or direct the employees in a particular job at any company or organization.
Option C is the correct answer.
<h3>Who is an employee?</h3>
An employee is a person who is hired by an organization on the basis of his/her skills and abilities as per the required job profile. An employee is usually hired by the authorized HR of a particular company.
The pay plans or compensation plans are the plans devised by an organization which is inclusive of the details related to the salary provided to an employee along with additional incentives on the basis of their performance and the assigned tasks.
Therefore, the employees can be directed, controlled, and energized through the payment plans.
Learn more about an employee here:
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