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sertanlavr [38]
4 years ago
11

Q2.Parent Company acquired 90% of Son Inc. on January 31, 20X2 in exchange for cash. The book value of Son's individual assets a

nd liabilities approximated their acquisition-date fair values. On the date of acquisition, Son reported the following: During the year Son Inc. reported $310,000 in net income and declared $15,000 in dividends. Parent Company reported $520,000 in net income and declared $25,000 in dividends. Parent accounts for their investment using the equity method. Required: 1. What journal entry will Parent make on the date of acquisition to record the investment in Son Inc.
Business
1 answer:
Liula [17]4 years ago
5 0

Answer:

Journal entry that  Parent will make on the date of acquisition to record the investment in Son Inc. is <u>$1035000.</u>

Explanation:

Journal entry Parent make on the date of acquisition to record the investment in Son Inc.

The net worth of Son’s Inc. is $ 1150000. The parent acquires 90 % of it . So we assume that 90 % stock is held by parent for $ 1035000.

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Which hardy-weinberg condition is affected by population size?
olchik [2.2K]

Answer:

Genetic drift

Explanation:

Hardy-Weinberg stated that the genotype frequencies in a population remain constant unless an abnormal event or evolutionary influence occurs. The population size can lead to generic variation or drift and that generic variation affects the hardy-Weinberg condition. Generic drift is a variation in the genotype frequency level. Generic drift or variation can be due to several reasons such as genes etc.

5 0
3 years ago
The primary purpose of the Uniform Electronic Transaction Act (UETA) is to remove barriers to by giving the same legal effect to
lorasvet [3.4K]

Answer:

True.

Explanation:

Yes, this is true that the primary objective of the Uniform Electronic Transaction Act (UETA) is to eliminate the barriers to e-commerce by providing the same legal impacts to electronic records and signatures as is currently provided to paper documents and signatures, but following are the condition which must be fulfilled :

Unique to the signer

Fitted of being verified

Under the signer’s sole authority

Linked to the record in a way that it can be arranged if anything in the document was changed after the signature was stamped

Designed by a reliable means for the object in which the signature was applied.

6 0
4 years ago
If an increase in the price of a product from $1 to $2 per unit leads to a decrease in the quantity demanded from 100 to 80 unit
Ksenya-84 [330]

Answer:

-0.33

Explanation:

The calculation of the price elasticity of demand using mid point formula is shown below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)  

where,  

Change in quantity demanded is

= Q2 - Q1

= 80 units - 100 units

= -20 units

And, the average of quantity demanded would be

= (80 units + 100 units) ÷ 2

= 90 units

Change in price is

= P2 - P1

= $2 - $1

= 1

And, the average of the price is

= ($2 + $1) ÷ 2

= 1.5

So, after solving this, the price elasticity of demand is -0.33

7 0
4 years ago
YouEye is developing eye tracking technology that works with an individual’s webcam. Instead of needing to spend thousands of do
shusha [124]

Answer:

Beta testing process

Explanation:

The beta testing process involves the testing of products or services that are still in the final development stage, they are not yet finished products. Companies want to learn what their potential customers think about how their products or services work. They usually hand out free versions of their products and they request feedback from their customers.

8 0
3 years ago
When a supplier offers a lower price for a larger quantity, the buyer should: _________
Murljashka [212]

Answer:

The correct option is (c)

Explanation:

Return on investment measures the attractiveness  with respect to an investment. It evaluates the efficiency of a particular investment as compared to other investment opportunities.

It is computed by subtracting cost of investment from current value and divide the result by the cost.

In this case, buyer should estimate the return on investment in purchasing larger quantity to get discount and compare it with other investment opportunities. If it offers higher returns, then the buyer should go for this.

4 0
3 years ago
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