Parent Company owns 90% of ABC Company's 100,000 shares. Parent sells 50,000 ABC shares for $5 cash per share. The Noncontrolling Interest recorded on Parent's consolidated balance sheet just prior to this transaction was 85,000. The value of ABC's net assets recorded on Parent's consolidated balance sheet, updated for AAP amortization to the date of the stock issuance, was 401,000 before the stock issuance. The fair value of Parent's retained investment in ABC was 11,000. What is the amount of the gain or loss that must be recorded by Parent on the date of the sale of ABC stock

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Weekly sales at nancy's restaurant total $ 84,000. labor required is 420 hours at a cost of $21,000. raw materials used amount to $40,000. what is the partial measure of productivity for labor hours?

Apractitioner is engaged to prepare a client's federal income tax return for 2017 and 2018. the practitioner files the 2017 return on the client's behalf and provided copies of the 2017 return and all related documents to the client. after the 2018 return is prepared, the client disputes the fees for the 2018 tax engagement, terminates the relationship, and requests all tax returns and related records. the client has not yet paid for preparation of the 2018 return. under irs circular 230, which records must the practitioner return to the client? a.) notes the practitioner took when meeting with the client about the 2017 and 2018 tax returns. b.) the engagement letter executed by the client for preparation of the 2018 federal income tax return. c.) an appraisal the practitioner prepared in connection with the 2017 federal income tax return. d.) schedules the practitioner prepared, which the client needs to file in its 2018 federal income tax return.