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PSYCHO15rus [73]
3 years ago
5

On January 1, 2021, Nana Company paid $100,000 for 6,200 shares of Papa Company common stock. The ownership in Papa Company is 1

0%. Nana Company does not have significant influence over Papa Company. Papa reported net income of $50,000 for the year ended December 31, 2021. The fair value of the Papa stock on that date was $60 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021?
Business
1 answer:
anygoal [31]3 years ago
6 0

Answer:

$372,000

Explanation:

The computation of the amount to be reported in the balance sheet is shown below:

= Number of shares of common stock × fair value of the Papa stock on that date per share

= 6,200 shares × $60

= $372,000

Since in the question it is given that the Nana company does not have significant influence over Papa Company which means that the net income, retained earning, dividend is not be considered.

Therefore, the investment should be reported at the fair value

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According to the Centers for Disease Control and Prevention, "SIDS is defined as the sudden death of an infant less than 1 year
SSSSS [86.1K]

Answer: True

Explanation:

According to the CDC, Sudden Infant Death Syndrome (SIDS) is the leading cause of children dying unexpectedly and without immediately apparent causes and is said to happen to an 3,700 infants annually.

Sudden Infant Death Syndrome (SIDS) is defined by the CDC as <em>the sudden death of an infant less than 1 year of age that cannot be explained after a thorough investigation is conducted</em>.

SIDS falls under Sudden Unexpected Infant Death (SUID) which is the unexplained death of a child before investigation and as well as SIDS can include infections and accidental suffocation.

5 0
3 years ago
Marcy's, Inc., operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2016 third-quarter
marysya [2.9K]

Answer:

Purchases is $3400  million

Explanation:

Cost of goods formula comes readily helpful in this case.

Cost of goods sold=beginning inventory+purchases-ending inventory

by arranging the formula,the purchases formula is given thus:

Purchases=cost of goods sold-beginning inventory+ending inventory

cost of goods sold is $2,900 million

ending inventory is $4,600 million

beginning inventory is $4,100 million

purchases=($2,900-$4,100+$4,600) million

purchases=3400  million

8 0
3 years ago
All of the following are technical problems that the designers of MMOG must address and solve EXCEPT ____.
Katarina [22]

They are in charge of making sure the game's graphics aren't too complex for the user base.

What is game's graphics?

Throughout the history of video games, a variety of computer graphic approaches have been employed to display game content. The supremacy of specific methodologies has changed over time, mostly as a result of hardware developments and limitations such those imposed by central or graphics processing units.

Learn more about game's graphics with the help of given link:-

brainly.com/question/27112141

#SPJ4

5 0
2 years ago
Jerry recently was offered a position with a major accounting firm. The firm offered Jerry either a signing bonus of $23,000 pay
creativ13 [48]

Answer. D) The signing bonus of $26,000 payable after one year of employment.

Explanation: Because it is more advantageous on him and also he has the time to payback within a year. He will be at rest to use fund for something that can fetch more money even within the 12 months period.

7 0
3 years ago
Huish Awnings makes custom awnings for homes and businesses. The company uses an activity-based costing system for its overhead
Romashka [77]

Answer and Explanation:

The preparation of the First stage allocation of overhead costs to the activity cost pools  is presented below

Particulars                   Making awnings  Job Support      Other   Total

Production Overhead $67,500           $60,000      $22,500 $150,000

Office Expenses       $8,000           $65,000      $27,000 $100,000

The production overhead is allocated in 45% 40%, 15% and 100%

And,

The office expenses is allocated in 8%, 65%, 27% and 100%

The same is shown above

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3 years ago
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