Answer:
$284,000
Explanation:
ABC Corporation
Consolidate Income Statement
For the year ended, 31 December, 20XX
Particulars ABC XYZ
Sales $500,000 320,000
Less: Expenses <u>$(280,000) $(240,000)</u>
Net Income $220,000 $80,000
Consolidated Income for the year under the proprietary theory approach for ABC corporation = $220,000 + (80,000 × 80%) = $220,000 + 64,000
= $284,000
According to the proprietary theory approach, the wholly-owned company will get the same percentage it owns the proportionate of that subsidiary company or companies.
Answer:
Debit Notes Receivable for $86,000; credit Cash $86,000
Explanation:
The journal entry to record the cash loan is given below;
Notes Receivable $86,000
To Cash $86,000
(Being cash loan is recorded)
Here the note receivable is debited as it increased the assets and credited the cash as it decreased the assets
Therefore the first option is correct
Answer:
D
Explanation:
I got this answer due to how the costumer preference had nothing to due with the price
Answer:
The correct answer is "$120,250".
Explanation:
The given values are:
Opening inventory
= $38,500
Closing inventory
= $15,250
Purchases
= $97,000
Now,
The cost of materials used during the month of February will be:
= Opening Inventory + Purchases - Closing Inventory
On putting the estimated values in the above formula, we get
= 
= 
($)
Based on the details given, the following are true:
- a. Value of bond = $806.09
- b. Your friend should invest in the bond with $1,000 face value
<h3>Value of Bonds </h3>
First find coupon:
= 10% x 1,000
= $100
Bond A
<em>= (Coupon x Present value interest factor of annuity, 13%, 15 years) + Face value of bond / ( 1 + 13%)¹⁵</em>
= ( 100 x 6.462) + (1,000 / 1.13¹⁵)
= $806.09
Bond B
= Face value - Current value
= 1,000 - 180
= $820
In conclusion, Bond B is overvalued so your friend should pick Bond A.
Find out more on Bond price calculation at brainly.com/question/25365327.
