Business
Business, 05.05.2020 16:16, Lorettareneemills

Power Corporation owns 75 percent of Swift Companyâs stock. Swift provides health care services to its employees and those of Power. During 20X2, Power recorded $37,500 as health care expense for medical care given to its employees by Swift. Swiftâs costs incurred in providing the services to Power were $32,000.a. By what amount will consolidated net income change when the intercompany services are eliminated in preparing Powerâs consolidated statements for 20X2?b. What would be the impact of eliminating the intercompany services on consolidated net income if Power owned 100 percent of Swiftâs stock rather than 75 percent?c. If in its consolidated income statement for 20X2 Power had reported total health care costs of $72,000, what was the cost to Swift of providing health care services to its own employees?

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, Scourge927
marketing strategies should be established before marketing objectives are decided. t/f
Answers: 1
image
Business, 22.06.2019 08:30, justalikri
Most angel investors expect a return on investment of question options: 20% to 25% over 5 years. 15% to 20% over 5 years. 75% over 10 years. 100% over 5 years.
Answers: 1
image
Business, 23.06.2019 11:50, terryg4397
Andrew owns a store in polk county. his trade extends throughout river city, but not beyond the county limits. he sells his store to betty and, as part of the transaction, agrees not to engage in the same business anywhere in river city for a period of five years. a. the time restraint is likely reasonable. b. the geographic restraint is likely reasonable. c. the agreement likely violates antitrust laws and the provision is not enforceable. d. both (a) and (b).
Answers: 1
image
Business, 23.06.2019 15:30, QuestionsAnsweredNow
Describe a least two factors that a lender would consider if you applied for a business loan.
Answers: 2
Do you know the correct answer?
Power Corporation owns 75 percent of Swift Companyâs stock. Swift provides health care services to i...

Questions in other subjects: