On january 3, 2011, austin corp. purchased 25% of the voting common stock of gainsvilleco., paying $2,500,000. austin decided to use the equity method to account for thisinvestment. at the time of the investment, gainsville's total stockholders' equity was$8,000,000. austin gathered the following information about gainsville's assets andliabilities:
on january 3, 2011, austin corp. purchased 25% of
for all other assets and liabilities, book value and fair value were equal. any excess of costover fair value was attributed to goodwill, which has not been impaired. for all other assets and liabilities, book value and fair value were equal. any excess of costover fair value was attributed to goodwill, which has not been impaired.
what is the amount of goodwill associated with the investment?
Answers: 3
Business, 22.06.2019 10:00, makennskyee1198
Carrie works at a canned food production factory. the government wanted to give a boost to the salt industry, so it lined up numerous subsidies and tax exemptions for the sector. this lead to a decrease in production costs. this also meant that consumers could access canned foods at a lower price, which lead to an increase in demand for the product. which kind of economic system is carrieās company dealing with? carrieās company is dealing with a/an economy.
Answers: 2
Business, 22.06.2019 11:50, tre9990
The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units
Answers: 1
On january 3, 2011, austin corp. purchased 25% of the voting common stock of gainsvilleco., paying $...
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