![Business](/tpl/images/cats/ekonomika.png)
Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.
![answer](/tpl/images/cats/otvet.png)
Answers: 2
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
![image](/tpl/images/cats/ekonomika.png)
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 01:00, angelica3752
The huntington boys and girls club is conducting a fundraiser by selling chili dinners to go. the price is $7 for an adult meal and $4 for a child’s meal. write a program that accepts the number of adult meals ordered and then children's meals ordered. display the total money collected for adult meals, children’s meals, and all meals.
Answers: 2
Do you know the correct answer?
Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equi...
Questions in other subjects:
![Konu](/tpl/images/cats/fizika.png)
![Konu](/tpl/images/cats/obshestvoznanie.png)
![Konu](/tpl/images/cats/es.png)
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/ekonomika.png)
![Konu](/tpl/images/cats/himiya.png)
![Konu](/tpl/images/cats/User.png)
![Konu](/tpl/images/cats/fizika.png)
![Konu](/tpl/images/cats/mat.png)