Home / Questions / Austin Inc acquired 10 percent of McKenzie Corporation on January 1 2014 for $210000 alth...
Austin Inc acquired 10 percent of McKenzie Corporation on January 1 2014 for $210000 although McKenzie's book value on that date was $1700000 McKenzie held land that was undervalued by
Austin, Inc., acquired 10 percent of McKenzie Corporation on January 1, 2014, for $210,000 although McKenzie's book value on that date was $1,700,000. McKenzie held land that was undervalued by $100,000 on its accounting records. During 2014, McKenzie earned a net income of $240,000 while declaring and paying cash dividends of $90,000. On January 1, 2015, Austin purchased an additional 30 percent of McKenzie for $600,000. McKenzie's land is still undervalued on that date, but then by $120,000. Any additional excess cost was attributable to a trademark with a 10-year remaining life for the first purchase and a 9-year life for the second. The initial 10 percent investment had been maintained at cost because fair values were not readily available. The equity method will now be applied. During 2015, McKenzie reported income of $300,000 and declared and paid dividends of $110,000. Prepare all of the 2015 journal entries for Austin
Graph a situation where the typical catfish farmer is incurring a loss at the prevailing market price P1 What is MC equal to at the best possible rate of output Is ATC above or below
Graph a situation where the typical catfish farmer is incurring a loss at the prevailing market price P1 (a) What is MC equal to at the best possible rate of output?...
Winona Ryder was arrested for shoplifting from Saks Fifth Avenue. The charges against her included theft and burglary for taking $5,600 in merchandise from Saks's Beverly Hills store. The jury
Winona Ryder was arrested for shoplifting from Saks Fifth Avenue. The charges against her included theft and burglary for taking $5,600 in merchandise from Saks's Beverly...
A cylindrical specimen of some metal alloy 8 mm in diameter is stressed in tension A force of 12000 N produces an elastic reduction in specimen diameter of 45X103 mm Compute the elastic modulus
A cylindrical specimen of some metal alloy 8 mm in diameter is stressed in tension. A force of 12,000 N produces an elastic reduction in specimen diameter of 4.5X10-3 mm...
Topous obtained a judgment against Clarence Kenyon Gomery, a lawyer (Debtor), and his law firm, Gomery and Associates, PLLC. That case arose from Mr. Gomery's representation of Topous in various
Topous obtained a judgment against Clarence Kenyon Gomery, a lawyer (Debtor), and his law firm, Gomery and Associates, PLLC. That case arose from Mr. Gomery's representat...
Fiona is completing the square to solve the polynomial equation. What should be her first step? a. isolating the constant b. adding to both sides of the equation c. isolating the second t
Fiona is completing the square to solve the polynomial equation. What should be her first step?a. isolating the constant b. adding to both sides of the equationc. isolat...
Your team was assigned to write a report explaining how your company, a racing bicycle manufacturer, can comply with the International Cycling Union's regulations before bikes go into production. Your
Your team was assigned to write a report explaining how your company, a racing bicycle manufacturer, can comply with the International Cycling Union's regulations before ...
Find the first-order rate constant for the disappearance of A in the gas reaction A --> 1.6R if the volume of the reaction mixture, starting with pure A increases by 50% in 4 minutes. The total
Find the first-order rate constant for the disappearance of A in the gas reaction A --> 1.6R if the volume of the reaction mixture, starting with pure A increases by 50% ...
The price of a stock is $40. The price of a one-year European put option on the stock with a strike price of $30 is quoted as $7 and the price of a one-year European call option on the stock with a
The price of a stock is $40. The price of a one-year European put option on the stock with a strike price of $30 is quoted as $7 and the price of a one-year European call...
Find the area common to the circle r a rt 2 and r 2a cos theta
Find the area common to the circle r = a rt 2 and r = 2a cos theta >
On July 1 2018a company loans one of its employees $26000 and accepts a ten month 7 note receivable Calculate the amount of interest revenue the company will recognize
On July 1, 2018, a company loans one of its employees $26,000 and accepts a ten-month, 7% note receivable. Calculate the amount of interest revenue the company will recog...