Answer:
correct answer is b. $444,000
Explanation:
given data
acquired = 40%
voting stock = $420,000
2020 Park earned = $120,000
2021 Park earned = $160,000
paid dividends = $50,000
paid dividends = $40,000
sold half of its stock in Park = $275,000
solution
we get here Balance at December 31 2020 that is express as
Balance at December 31 = Acquisition price + share in net income-share in dividend .........................1
put here value we get
Balance at December 31 = 420000 + (120000 × 0.4) - (60000 × 0.4)
Balance at December 31 = 444000
so correct answer is b. $444,000
<span>In this case the total of debit column is more than that of credit column. It can be because of two situations. One situation is that the expenses are recorded twice or more in the books in the account due to which the debit side is coming more than the credit side. Or other way around, the income has been recorded less than what needs to be actually recorded.Hence there is an accounting error committed in this scenario.</span>
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Answer:
d. both countries, as whole, will be better off.
Explanation:
When countries leverage on their comparative advantages, they will be better off. In this instance as US has comparative advantage in producing airplanes, it will be more cost effective for them to produce and export to Japan.
So also Japan will find it cheaper to produce televisions and export to the US. Both contries reduce cost by producing goods they have comparative advantage in.
