One of the steps in solving this problem is this one:
As we know as shown above, the joournal entry for 2014 and 2015 will include the investment balance, increases and decreases to equity and intra-entity profits realized and deferred. Also the balance of the acquisition needs to be calculated.
Calculation of the book value of the purchase made as the book value of Company K times percent purchased:
400,000 * 0.40 = 160,000
Then, calculate the difference in the acquisition and the book value of the purchase:
210,000 - 160,000 = 50,000
Answer: It is called An EXCULPATORY CLAUSE
Explanation: A deficiency judgment is a court ruling against a debtor in default on a secured loan, indicating that the sale of a property to pay back the loan did not cover the outstanding debt in full.
In waiving the right to a deficiency judgement, AN EXCULPATORY CLAUSE is inserted in the financial contract which states that the borrower no longer has a financial liability. It relieves the borrower the personal liability to repay the loan.
An article that was distributed in the Washington Post initially caused the fold. The article clarified that Giant Foods was joining forces with a Prescription Drug Marketing organization to send its patient's customized advertising data – some of which was paid for by pharmaceutical makers. It kept on saying that Giant was sharing patient data that enabled the organization to address patients that had not refilled their solutions, and went ahead to address whether this was an infringement of patient security
Set savings and debt payoff goals
condition where different economic firms seek to obtain a share of a limited good by varying the elements of the marketing mix: price, product, promotion and place.
