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DENIUS [597]
4 years ago
15

Price Company’s note receivable is receivable from Score Company. Interest of $7,520 was paid by Score to Price during 2015. Any

difference between book value and the value implied by the purchase price relates to goodwill. Prepare a consolidated statements workpaper on December 31, 2015.

Business
1 answer:
Minchanka [31]4 years ago
7 0

Answer:

Please see attachment

Explanation:

Please see attachment

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P4-5 Sales and purchase-related transactions for seller and buyer The following selected transactions were completed during June
crimeas [40]

Answer:

<em>SNIPES BOOKS</em>

<em>June 8th</em>

Accounts Receivables 18,250 debit

            Sales revenue             18,250 credit

COGS          10,400 debit

          cash                                     400 credit

          merchandise inventory   10,000 credit

Sales returns    5,000  debit

    Accounts Receivables    5,000 credit

Merchandise Inventory  3,000 debit

       COGS                                3,000 credit

Cash                          12,985 debit

Sales Discount              265 debit

Account Receivables               13,250 credit            

Explanation:

Snipes will pay the freight as the term are FOB destination, which means the goods are still theirs until they arrive. Therefore it must take all thecost of transportation.

Balance of Beejoy account regarding Snipes company

Purchase - returned goods = balance at payment

18,250 - 5,000 = 13,250

13,250 x 2% = 265

net amount due: 12,985

8 0
4 years ago
A lender is willing to provide a loan equal to 80% of a property worth $360,000. If such a loan carries an interest rate of 7.5%
lukranit [14]

Answer:

B) $11,750

Explanation:

annual mortgage payment = net operating income - (outstanding loan balance x loan payment factor)

outstanding loan balance = property value x loan percentage

annual mortgage payment = $40,000 - [($360,000 x 80%) x 0.09809] = $40,000 - ($288,000 x 0.09809) = $40,000 - $28,250 = $11,750

5 0
3 years ago
If inspections and licenses are required, then the role of government being represented is a ______.
mestny [16]

Answer:

"Supervisory body" is the right approach.

Explanation:

  • A case investigator who usually reviews lawsuits regarding businesses and governments is considered a Supervisory body.
  • It would be the independent central parliamentary entity responsible for the supervision of law enforcement records audit, the passenger details unit as well as the Federal or state authorities service Inspectorate.
7 0
3 years ago
(True) or (False)? The most common method companies use is double-declining balance, because it allows companies to recognize fo
Marrrta [24]

Answer:

false

Explanation:

my teacher said it was false but she could be wrong

5 0
3 years ago
To remedy the high crash rates among young drivers ,blank is being implemented in several states
Virty [35]

Due to the high crash rates among young drivers, Driver's education or communication campaigns are being implemented in some states to reduce the rate or to solve the critical issue. Special courses for young drivers<span> to make them conscious about their personal tendencies that may affect their behavior towards driving can be helpful.</span> 

<span> </span>

6 0
3 years ago
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