On january 1, 2014, corgan company acquired 80 percent of the outstanding voting stock of smashing, inc., for a total of$980,000 in cash and other consideration. at the acquisition date, smashing had common stock of $700,000, retainedearnings of $250,000, and a noncontrolling interest fair value of $245,000. corgan attributed the excess of fair value oversmashing’s book value to various covenants with a 20-year remaining life. corgan uses the equity method to account forits investment in smashing. during the next two years, smashing reported the following: dlvldendsnet income declared inventory purchases from corgan2014 $150,000 $35,000 $100,000201 5 130,000 45,000 120,000corgan sells inventory to smashing using a 60 percent markup on cost. at the end of 2014 and 2015,40 percent of thecurrent year purchases remain in smashing’s inventory. a. compute the equity method balance in corgan’s investment in smashing, |nc., account as of december 31, 2015.b. prepare the worksheet adjustments for the december 31, 2015, consolidation of corgan and smashing.

well based on 99% of parents have dont something wrong to there kids mabey even stole money from you so based on maney inccedent i would choose guilt

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer assertive;

paying attention to the details