Business, 25.02.2020 22:58, Browardlovesangel
Jans Inc. acquired all of the outstanding common stock of Tysk Corp. on January 1, 2009, for $372,000. Equipment with a ten-year life was undervalued on Tysk's financial records by $46,000. Tysk also owned an unrecorded customer list with an assessed fair value of $67,000 and an estimated remaining life of five years.
Tysk earned reported net income of $180,000 in 2009 and $216,000 in 2010. Dividends of $70,000 were paid in each of these two years. Selected account balances as of December 31, 2011, for the two companies follow.
Jans Tysk
Revenues 1,080,000 840,000
Expens 480,000 600,000
Invst. Income Not Given 0
RE 1/1/11 840,000 600,000
Dividends paid 132,000 70,000
If the partial equity method had been applied, what was 2011 consolidated net income?
A. $840,000.
B. $768,400.
C. $822,000.
D. $240,000.
E. $600,000.
Answers: 1
Other questions on the subject: Business
Business, 20.06.2019 18:04, tonyacoolmom
How do patents and copyrights encourage innovation? they limit the number of inventions an individual may patent or copyright, so more people can invent things. they prevent inventors and other creative people from making huge profits, thus keeping prices low for consumers. they grant companies the right to copy the inventions and creative works of individuals at little or no cost. they give inventors and writers exclusive rights to make and sell their inventions and works, possibly making large profits?
Answers: 2
Business, 22.06.2019 11:30, Svetakotok
Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)
Answers: 2
Business, 22.06.2019 14:10, gia2038
Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?
Answers: 1
Business, 22.06.2019 15:00, darrengresham999
Match the terms with the appropriate definition. 1. work done for pay job 2. series of related jobs based on knowledge, training, tasks performed, interests, and experience career 3. buying or selling products and services using the internet mediation 4. wage amount after deductions are withheld net wage 5. a way a person chooses to live his or her life e-commerce 6. the people who are both able and willing to work technology 7. unequal treatment of others based on a bias concerning a person’s characteristics such as race, religion, gender, or age discrimination 8. the act of sharing information lifestyle 9. the use of a third party to make suggestions workforce 10. knowledge and tools used to perform tasks communication
Answers: 2
Do you know the correct answer?
Jans Inc. acquired all of the outstanding common stock of Tysk Corp. on January 1, 2009, for $372,00...
Questions in other subjects:
Mathematics, 25.02.2021 20:20
Mathematics, 25.02.2021 20:20
Mathematics, 25.02.2021 20:20
Mathematics, 25.02.2021 20:20
