1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aloiza [94]
3 years ago
8

On January 1, 2020, Grand Haven, Inc., reports net assets of $880,250 although equipment (with a four-year remaining life) havin

g a book value of $449,000 is worth $521,250 and an unrecorded patent is valued at $46,350. Van Buren Corporation pays $799,080 on that date to acquire an 80 percent equity ownership in Grand Haven. If the patent has a remaining life of nine years, at what amount should the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021
Business
1 answer:
goldfiish [28.3K]3 years ago
6 0

Answer:

$46,350

Explanation:

The Patent is Acquired at the Fair Value at the Acquisition date. They are recognized in consolidated financial statement even when not recorded by the subsidiary for consolidation purposes.

Thus, the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021 is $46,350.

You might be interested in
In the context of a production process such as a manufacturing plant, what is the technique used to identify all of the value-ad
andre [41]

Answer: Value stream mapping

Explanation:

Value stream map is a visual representation of the steps that were taken in a process from the start of the process till the moment it gets to the customer.

The technique is used in the identificstion of all of the value-adding as well as non-value-adding processes that materials are subjected to within a plant, from raw material coming into the plant through delivery to the customer.

6 0
3 years ago
Which of these products would be most likely to have dependent demand? televisions refrigerators automobiles automobile engines
harkovskaia [24]

Answer:

\boxed{\bold{Automobile \ Engines}}

Explanation:

➤ Automobile engines would be most likely to have dependent demand

When creating a new car, customers are going to want an engine in their car. That is why it is a "department demand." It is a demand that an automobile must have an engine when you are creating / working in the automobile department. You can't build an automobile without an engine, and that is why it is a demand to have one.

- Mordancy

8 0
3 years ago
Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October:
Alex73 [517]

Answer:

Equivalent units of Production = 46500 & 37800

Explanation:

At the start of October, Clonex Labs inc, started with 385000 units into production and at the end of the month it had completed 409000 units this means the difference between 409000 and 385000 is the number of units transferred to the next department (i.e 24000), now that we have computed this, we find ending work-in-process as follows:

Clonex Labs, Inc.                                           Materials   Conversion

Units transferred to the next department:    24000        24,000

Ending work in process :

Materials : 30000x75%                                  22500

Conversion : 30000x46%                                                    13800

                                                                      -------------        -------------

Equivalent units of Production =                    46500           37800            

                                                                     =========        ========  

3 0
3 years ago
During the Great Depression, consumer spending was higher than ever in history.
Nata [24]

Answer:

False

Explanation:

They were struggling with money so they couldn't spend very much.

7 0
3 years ago
Read 2 more answers
According to the Wall Street Journal, 36% of job resumes contain false information. TURE OR FALSE
Citrus2011 [14]

Answer:

False

Explanation:

5 0
3 years ago
Other questions:
  • In the video "chinese manufacturing for american products," mike tomberlin manufactures its cars in china. what do his partners
    15·1 answer
  • Tips are considered _____.<br> dividends<br> taxable income<br> gains<br> a bonus
    8·2 answers
  • Makes our arms, legs, and head move
    13·2 answers
  • When a firm is experiencing economies of scale, long-run a. average total cost is minimized. b. average total cost is greater th
    15·1 answer
  • Asarta Inc. is polluting into a nearby fishing stream; doing so benefits them $40,000 a year. The fishermen are unhappy as their
    7·1 answer
  • The management approach of _____ was one of the first to recognize that enriching the lives of organizational and community fami
    5·1 answer
  • Which of the following is not included in GDP?the payments for a chiropractor's servicescash income paid to a day laborer that i
    6·1 answer
  • Sources of consumer information might include ____.
    9·1 answer
  • What are the depleted amounts of tangible assets and intangible assets known as?
    14·1 answer
  • The cashew industry is perfectly competitive and until now each of the identical firms in the industry have been earning zero ec
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!