Here's a career question :)

Post Delivery Service acquired at book value 80 percent of the voting shares of Script Real Estate Company. On that date, the fa

Rudik [331]

Answer:

a) Consolidated Net Income

When preparing consolidated Net Income, We add each and every line item on a Parent's financial statements with the same line item on the Subsidiary's financial statement and adjust line items like revenue ( intra-group sale) , cost of goods sold ( unrealized profits) , other incomes ( dividends received) and expenses (depreciation on profits) .

b) JOURNAL ENTRIES

Debit Common stock $ 280,000 Debit Retained Earnings $ 95,000 Credit investment $ 300,000 Credit Non_Controlling interest( N . C . I ) $ 75,000

c) Debit Service Revenue $ 21,000,Credit Service fee $ 21,000

Debit Gain or profits on sale of land $ 25,000 Credit Land $ 25,000

Debit Dividends received $ 8000, N . C . I $2000 Credit Dividends paid $ 10,000

Explanation:

The question is incomplete, it lacks the financial statements to be consolidated.

Steps to Consolidated Statements

1 . Eliminate common transactions ( transactions like intra-group sale , dividends , etc . .)

2 . Consolidate the financial statements

b) we credit investment and if investment is greater than the total of common stock and retained earnings at 80% then we create equity represented by goodwill ( asset ) , if investment is less the we set off that amount in the retained earnings of the investing company. (Assuming investment = 80 % of total amount at acquisition .

5 0

3 years ago

In terms of innovation streams, what ____ occurred when customers purchased flat-screen computer monitors to replace the older,

Novay_Z [31]

Answer:

Technological substitution.

Explanation:

Technological substitution is basically the substitute to another option product of technology.

4 0

3 years ago

Susan put her savings into a mutual fund that paid a nominal interest rate of 3 percent a year at the beginning of 2005. the cpi

Ksju [112]

Answer:

-0.11% per year

Explanation:

Here, we want to calculate real interest rate.

Firstly, we calculate the inflation rate

mathematically the inflation rate = (cpi at the end of year - cpi at the beginning of year)/cpi at the beginning of year * 100%

Inflation rate = (232-225)/225 * 100% = 3.11%

we now proceed to calculate the real interest rate

mathematically, real interest rate = Nominal interest rate - inflation rate

from the question, nominal interest rate = 3%

real interest rate = 3% - 3.11% = -0.11%

This means that the real interest rate earned by sally is -0.11% per year

8 0

3 years ago

3. Vegetables wilt or soften and their color intensifies as they

maks197457 [2]

[] Answer []

$\boxed{Boil}$

[] Explanation []

Vegetables wilt or soften and their color intensifies as they boil.

When boiling vegetables, the food will be sitting in a pot of water with the heat on low, medium, or hight. Once the water gets warmer, the water will cook the vegetables, causing them to get tender and softer. This will cause the vegetables color to get darker, and go limp.

When boiling vegetables, the flavor will not intensify, just the color, and it's shape. The water will drain any tase from the vegetable, but it will cause the food to go limp and get softer. Boiling is a famous way to cook your favorite vegetables, although the taste is not highly favored among lots of people.

$\boxed{[] \ Eclipsed \ []}$

8 0

3 years ago

Which of the following would be the best allocation base for the Assembly activity? A. Direct labor hours hours B. Number of or

Elden [556K]

Answer:

The best allocation base for assembling activities costs are the number of parts actually assembled.

Since the number of parts is not an option int his question, the second best allocation base for the assembling process is A) direct labor hours.

If the process is highly automated, then the second best allocation base would be machine hours, but that isn't an option either.

8 0

3 years ago