Business, 07.10.2019 18:00 erinxmeow8
On january 1, 2016, pride corporation purchased 90 percent of the outstanding voting shares of star, inc. for $572,000 cash. the acquisition-date fair value of the noncontrolling interest was $63,600. at january 1, 2016, star’s net assets had a total carrying amount of $445,200. equipment (eight-year remaining life) was undervalued on star’s financial records by $48,800. any remaining excess fair value over book value was attributed to a customer list developed by star (four-year remaining life), but not recorded on its books. star recorded net income of $42,700 in 2016 and $48,800 in 2017. each year since the acquisition, star has declared a $12,200 dividend. at january 1, 2018, pride’s retained earnings show a $152,500 balance. selected account balances for the two companies from their separate operations were as follows: pride star 2018 revenues $ 303,900 $ 173,900 2018 expenses 213,600 119,000 assuming that pride, in its internal records, accounts for its investment in star using the equity method, what amount of retained earnings would pride report on its january 1, 2018 consolidated balance sheet?
Answers: 1
Business, 21.06.2019 18:50, getsic
Which of the following is not a potential problem with beta and its estimation? sometimes, during a period when the company is undergoing a change such as toward more leverage or riskier assets, the calculated beta will be drastically different than the "true" or "expected future" beta. the beta of "the market," can change over time, sometimes drastically.
Answers: 3
Business, 22.06.2019 03:30, clevelandjaniya1
Sarah salesrep is brand new to her job selling "lifetime" printers that never need replacement ink cartridges. the problem is that these printers cost ten times more than a regular printer, so it is difficult to get prospective buyers to understand the cost savings of buying it. to break through the barrier and begin making sales, sarah should use a analysis that highlights her printer's lower cost.
Answers: 3
Business, 22.06.2019 13:40, LilFabeOMM5889
The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)
Answers: 1
Business, 23.06.2019 12:10, QUEEN2267
Alex is the r& d manager with digital copier inc. the company is having a problem with one of its most popular copiers jamming. the vice president of marketing told alex that "we need to quickly discover how to turn this problem into a desirable situation. you need to determine the underlying cause of the problem and perhaps even make improvements to the copier." when alex analyzes the underlying causes of the paper-jam problem, which function is he performing? a. synergy b. diagnosis c. analytics d. feasibility e. mbo
Answers: 3
On january 1, 2016, pride corporation purchased 90 percent of the outstanding voting shares of star,...
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