Business, 12.05.2021 01:00, miraclejones543
Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costing $108,800 to Angela for $128,000. Of this inventory, $55,400 worth was not sold to outsiders until 2021. During 2021, Corby sold inventory costing $161,250 to Angela for $215,000. A total of $53,400 of this inventory was not sold to outsiders until 2022. In 2021, Angela reported separate net income of $216,000 while Corby's net income was $125,000 after excess amortizations. What is the noncontrolling interest in the 2021 income of the subsidiary
Answers: 3
Business, 22.06.2019 07:30, suyi14
An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $
Answers: 1
Business, 22.06.2019 11:40, derrion67
During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million
Answers: 1
Angela, Inc., holds a 90 percent interest in Corby Company. During 2020, Corby sold inventory costin...
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