Answer:
$723,000
Explanation:
The consolidation is a process in which parent company acquires controlling interest in another company. Stryder's is a 100% owned subsidiary which had a book value of net assets $170,000. The consolidated amount of assets to be reported in the balance will be sum of parents assets plus subsidiary's assets. The consolidated statement shows the assets of subsidiary's on which parent has claims. The consolidation shows aggregated financial results of the two companies.
Answer:
allocate a portion of the customer's portfolio to "Dot Com" stocks that will not reduce the customer's retirement income below the amount needed for comfortable living
Explanation:
Given that the potential client is concerned that his purchasing power is decreasing and wishes to allocate an increased portion of his portfolio to aggressive growth stocks.
Hence, the best recommendation is to "allocate a portion of his portfolio to "Dot Com" stocks that will not reduce his retirement income below the amount needed for comfortable living"
Answer:
The answer is B. $180,000
Explanation:
The sum of years' digits method is an accelerated depreciation that is based on the assumption that the productivity of the asset decreases with time.
Here, the sum of the digits are found. In this question, useful life is 5 years. So the sum of the digit is:
5+4+3+2+1 = 15.
April 1 20X4 through March 31 20X6 is 2 years.
First year depreciation is:
5/15 x $300,000
=$100,000
2nd year depreciation is:
4/15 x $300,000
=$80,000
Therefore, accumulated depreciation is
$100,000 + $80,000
$180,000
A) a motive is a reason you do something. In business it'd be, for example, profit motive. Your motive is the amount in the profit
What should the accumulated depreciation equal at the end of the asset's useful life The Balance In Accumulated Depreciation Will Be The Same Amount Under all the depreciation methods.
The depreciation of an asset up to one point in its life is referred to as accumulated depreciation. Since accumulated depreciation is a counter asset account, its natural equilibrium is a credit that lowers the asset's total value. General accepted accounting principles (GAAP) require that expenses be matched to the same accounting period in which the relevant revenue is generated. This is known as the matching principle. A business will depreciate a portion of a capital asset's value over the course of each year of its useful life. This implies that the expense related to using up an asset that has been capitalised is reported every year the asset is put to use and generates income.
Learn more about depreciation here
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