Depreciation

On January 1, 20X8, Ritt Corporation acquired 80 percent of Shaw Corporation's $10 par common stock for $956,000. On this date,

attashe74 [19]

Answer:

The amount of non-controlling interest reported should be $251,000

Explanation:

Non-controlling interest = $239,000

Net income = $190,000

Cash dividends = $125,000

Amortization of increase in plant = $100,000 ÷ 20 years = $5,000

Value of Shaw's Corporation on January 1, 20X8 = $956,000 + $239,000

= $ 1,195,000

Value of Shaw's Corporation on December 31, 20X8 = Value of Shaw's Corporation on January 1, 20X8 + Net income - Cash dividends - Amortization of increase in plant

= $ 1,195,000 + $190,000 - $125,000 - $5,000

= $1,255,000

Minority interest = 20% × $1,255,000

= $251,000

6 0

3 years ago

According to the U.S. Department of Labor Statistics, _____ is the industry earning the highest average annual wage in 2009.

Alchen [17]

Answer:

B. federal government

4 0

4 years ago

Read 2 more answers

A business owner analyzes which supplies and equipment will be used on a regular basis and buys them in bulk. Which element of b

Serggg [28]

Planning and organizing of business success are reflected in this scenario.

Since the business proprietor is worried about analyzing the materials and equipment that are for use on an ordinary basis and he plans to shop for them in bulk. That is a clean instance of making plans as it entails the analysis of providers and equipment after which establishing them in order to shop for them in bulk.

Planning is the process of thinking regarding the sports required to obtain a preferred goal. Planning is primarily based on foresight, the essential potential for a mental time journey. The evolution of forethought, the potential to think in advance, is considered to have been a top mover in human evolution.

Organizing (management), is a procedure of coordinating mission desires and sports to assets. community organizing, wherein groups come together to act on their shared self-interest. expert organizing, an industry built around creating organizational structures for people and companies.

Learn more about Planning here brainly.com/question/23976027

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8 0

2 years ago

The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finish

Lana71 [14]

Answer:

Cost of god transferred = $88,300.

Explanation:

The cost of job transferred out =

Opening WIP + direct material cost + direct labor cost + applied overhead - closing WIP

Cost of job transferred = 4,600 + 47,200+ 29,700 +15,900 - 9100

= 88,300.

Kindly note that closing inventory represents amount of manufacturing costs that has been incurred on production units but which are yet to be completed . <em>So to determine the cost of what has be completed and finished, we subtract the value of closing inventory from the total manufacturing cost incurred till date. </em>

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3 0

4 years ago

Caterer agrees with Bride to cater Bride's wedding reception for $12 per plate. On the wedding day, Caterer calls Bride saying t

balandron [24]

The $16 is not enforceable because of a preexisting duty.

3 0

3 years ago