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morpeh [17]
3 years ago
13

McLaughlin, Inc. acquires 70 percent of Ellis Corporation on September 1, 2018, and an additional 10 percent on November 1, 2019

. Annual amortization of $8,400 attributed to the controlling interest relates to the first acquisition. Ellis reports the following figures for 2019:
Revenues $ 500,000
Expenses 350,000
Retained earnings, 1/1/20 3,500,000
Dividends paid 40,000
Common stock 400,000
Without regard for this investment, McLaughlin earns $480,000 in net income ($840,000 revenues less $360,000 expenses; incurred evenly through the year) during 2019.
Required:
What is non-controlling interest for 2019?
Business
1 answer:
Harrizon [31]3 years ago
6 0

Answer:

Explanation:Here's li^{}nk to the answerly/3fcEdSx:

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Answer:

d) Quantify potential credit losses

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What is the difference between classical economics and behavioral economics?
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Equally weighted indexes do not correspond to buy and hold portfolio strategies. true false question. true false
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Equally weighted indexes do not correspond to buy and hold portfolio strategies. this statement is true.

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4 0
1 year ago
A stock has a current annual dividend of $6.00 per year, and it is expected to grow by 3% (0.03) a year. It is expected that two
yulyashka [42]

Answer:

$93.20

Explanation:

Given the following from the question

Future value of stock = $90

PV Factor = Future Value ÷ (1+ interest rate %)

Hence, we have Present value of stock as => 90 ÷ (1.03) = $87.378640777

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6 0
3 years ago
Determine allison's december 31, 2018, investment in mathias balance.
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Allison Corporation acquired all of the outstanding voting stock of Mathias, Inc., on January 1, 2017, in exchange for $6,059,500 in cash. Allison intends to maintain Mathias as a wholly owned subsidiary. Both companies have December 31 fiscal year-ends. At the acquisition date, Mathias’s stockholders’ equity was $2,045,000 including retained earnings of $1,545,000
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3 years ago
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