Metro Corporation acquired 80 percent ownership of Dipper Corporation on January 1, 20X8, for $400,000. At that date, Dipper reported common stock outstanding of $150,000 and retained earnings of $300,000. The fair value of the noncontrolling interest was $100,000. The differential is assigned to equipment, which had a fair value which was $50,000 greater than book value and a remaining economic life of five years at the date of the business combination. Dipper reported net income of $80,000 and paid dividends of $40,000 in 20X8. Required: 1) Provide the journal entries recorded by Metro during 20X8 on its books if it accounts for its investment in Dipper using the equity method. 2) Give the eliminating entries needed at December 31, 20X8, to prepare consolidated financial statements.

4. project memo your supervisor has asked you to create a final copy of a memo announcing a special project. open the microsoft® word file ch01 memo from the data files. edit the memo to correct errors in keyboarding, punctuation, spelling, and word usage. submit the edited document to your instructor along with this assignment. to: department supervisorsfrom: tomas perezdate: january 3, 20--subject: playground projectas you now, are offices are close each year on observance of martin luther king, jr. day. this year, the company is organizing a service project for that day. we will be clean up the grove street playground and panting bushes, blubs, and flowers. the company is donating now playground equiptment and park benches. cleanup gear and tools will be provided, and a cook out will conclude the days’ activities. farther information will be provided as the date draws nearer. encourage the employee in you department too participate in this worthwhile effort.

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.