Business, 05.12.2019 23:31, barstr9146
Papa company acquired land with an office building on it from its subsidiary, sonny company, for $110,000. prior to the sale, sonny's carrying value of the land was $60,000 and its net carrying value of the building was $50,000. at the time of the transaction, papa appropriately determined that the land had a fair value of $75,000 and the building had a fair value of $35,000. at what amount should the land and building be reported on papa's consolidated statements prepared immediately after the transaction?
land building
a) $75,000 $35,000
b) $55,000 $55,000
c) $60,000 $50,000
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 11:40, berlyntyler
Select the correct answer brian wants to add a chart to his dtp project. what is the best way he can do this? a draw the chart using the dtp program draw option b create the chart in a spreadsheet then import it c. use the dtp chart wizard to create the chart within the dtp d. create an image of the chart in an image editor then import the image e use html code to create a chart within the dtp program
Answers: 3
Business, 22.06.2019 17:40, libi052207
Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is:
Answers: 1
Business, 22.06.2019 18:00, slycooper99
During the holiday season, maria's department store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. maria's is using during these rush times.
Answers: 3
Do you know the correct answer?
Papa company acquired land with an office building on it from its subsidiary, sonny company, for $11...
Questions in other subjects:
Biology, 30.10.2019 20:31
