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
katen-ka-za [31]
2 years ago
7

Assume that Seiden Company gains control of Rimco, its subsidiary, with the purchase of a 40% interest paid in cash. The Equity

Investment account reports a balance of $75,000 on the acquisition date and represents a 30% interest in Rimco. The total value of Rimco on the acquisition date is $300,000 (assume no premium for control). The journal entry to record the acquisition includes:
a. Cash, credit, $300,000
b. Gain on revaluation of Rimco, credit, $15,000
c. Loss on revaluation of Rimco, debit, $15,000
d. None of the above
Business
1 answer:
Bingel [31]2 years ago
7 0

Answer:

the judge and jury duty and UN duty and correct and correct the spelling

You might be interested in
When the demand for the economy is expanding, the demand for loanable funds will ________.
nikklg [1K]

When the demand for the economy exist expanding, the demand for loanable funds will increase.

<h3>What is Demand?</h3>

The quantity of a good that consumers are willing and able to buy at various prices at a specific time period and location is known as the demand. The demand curve is another name for the relationship between price and quantity demand. Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame.

Loanable funds are all the resources that individuals and organizations in a given economy have chosen to set aside and lend to investors rather than use for their own needs. Savings are the source of the loanable funds available. It is predicated on borrowing that loanable funds are in demand. The real interest rate and the amount of loans made depend on how the supply of savings and the demand for loans interact.

Hence, When the demand for the economy exist expanding, the demand for loanable funds will increase.

To learn more about Demand refer to:

brainly.com/question/1245771

#SPJ4

7 0
1 year ago
List one big thing that you would like to buy. What short-term, mid-term, and long-term goals would you need in order to make th
OleMash [197]
I would like to buy a mansion
short term goals will be, work at McDonald until 40
mid-term goals will be do a online job
Long-term goals will be get a great paying job and finish High school and collage.
hope this helps.

4 0
3 years ago
Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio'
agasfer [191]

Answer:

0.68

Explanation:

A portfolio consists of an investment of $7,500

The amount of common stock is 20

The portfolio beta is 0.65

Suppose one of the stock in the portfolio is sold with a beta of 1.0 for $7,500

The proceeds realized is then used to purchase another stock with a beta of 1.50

The first step is the to calculate the change in beta

Change in beta= 1.50-1

= 0.5

The next step is to divide the change in beta by the number of common stock

= 0.5/20

= 0.025

Therefore, the new beta can be calculated as follows

= 0.65+0.025

= 0.68

Hence the new portfolio's beta is 0.68

4 0
3 years ago
For each of the following cash activities, choose the appropriate letter to match the activity with the internal control princip
Helen [10]

Answer:

A. Restrict access

C. Establish responsibility

D. Document procedures

B. Independently verify

Explanation:

A. Restrict access, as the password is set to address the cash register, that is a security is being provided, and this is because, there is a restricted access, for the safety purpose.

C. Establish responsibility - As the treasurer is held liable of making and receiving any checks, and that he is the person who shall monitor such things, related to transactions in checks.

D. Document procedures - since a list is prepared for the checks received in mail, it is mere preparation of records and documentation of what checks are received and what not.

B. Independently verify - Bank Reconciliation Statement is prepared to verify the transactions and match the balance in books with that of the bank pass book.

6 0
3 years ago
The Coase theorem states that A) the private sector will fail to produce the efficient amount of a public good because of the fr
Sonja [21]

Answer:

B

Explanation:

One of the problems in economics is the allocation of goods in the presence of externalities. When externalities are present allocation of goods in private market won't be efficient because private parties won't internalize them and would arrive to an inefficient outcome. For many years this was an argument in favor of government intervention.

However, Ronald Coase showed that assigning property rights of the externality to one of the private parties (no matter which one) would result in an efficient outcome. This is because  the parties with the property right would then internalize the cost. Then in the bargaining process private parties would reach an efficient outcome without the intervention of the government.

7 0
3 years ago
Other questions:
  • You work for Whittenerg Inc., which is considering a new project whose data are shown below. What is the project's Year 1 cash f
    6·1 answer
  • An offer has been presented to the sellers of a property. they ask their agent to change the terms through a counter proposal. t
    15·1 answer
  • A corn farm, a coal mine, and a fishing company are all part of the _________ industry. A. Manufacturing B. Service C. Extractiv
    14·2 answers
  • Why shouldn’t a legal firm represent both parties in a lawsuit
    13·1 answer
  • When pay is made public, people evaluate how equitable their pay is in light of the pay other people are receiving. The problem
    15·1 answer
  • Suppose you read a news article reporting that your local government has denied a request by an entrepreneur to build a new coff
    10·1 answer
  • The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000),
    9·1 answer
  • Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the com
    6·1 answer
  • On January 1, 2020, ABC Corporation had 990,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 n
    9·1 answer
  • red line railroad inc. has three regional divisions organized as profit centers. the chief executive officer (ceo) evaluates div
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!