Business, 16.11.2019 06:31, beepbeep123
Aparent company owns a 70 percent interest in a subsidiary whose stock has a book value of $27 per share. the last day of the year, the subsidiary issues new shares for $27 per share, and the parent buys its 70 percent interest in the new shares. which of the following statements is true?
since the sale was made at the end of the year, the parent's investment account is not affected.
none of these.
since the shares were sold for book value and the parent bought 70 percent of the shares, the parent's investment account is not affected except for the price of the new shares.
since the shares were sold for book value, the parent's investment account must be decreased.
since the shares were sold for book value, the parent's investment account must be increased.
Answers: 3
Business, 22.06.2019 12:10, montgomerykarloxc24x
The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:
Answers: 3
Business, 23.06.2019 10:00, adriandehoyos1p3hpwc
Lester's fried chick'n purchased its building 11 years ago at a cost of $189,000. the building is currently valued at $209,000. the firm has other fixed assets that cost $56,000 and are currently valued at $32,000. to date, the firm has recorded a total of $49,000 in depreciation on the various assets it currently owns. current liabilities are $36,600 and net working capital is $18,400. what is the total book value of the firm's assets? $251,000 $241,000 $232,600 $214,400 $379,000
Answers: 2
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