adrianty498 adrianty498

20-12-2022
Business

Answered

Alex, inc. , buys 30 percent of steinbart company on january 1, 2014, for $599,000. The equity method of accounting is to be used. Steinbart's net assets on that date were $1. 65 million. Any excess of cost over book value is attributable to a trade name with a 20-year remaining life. Steinbart immediately begins supplying inventory to alex as follows:

Answer :

Other Questions

mountain groves has an unlevered cost of capital of 13.2 percent, a cost of debt of 8.3 percent, and a tax rate of 21 percent. what is the target debt-equity ra

dinkins company purchased a truck that cost $46,000. the company expected to drive the truck 100,000 miles over its 5-year useful life, and the truck had an est

the following information was taken from the accounting records of elliott manufacturing corporation. unfortunately, some of the data were destroyed by a comput

32. halliday inc. receives a $2 million payment once a year. of this amount, $700,000 is needed for cash payments made during the next year. each time halliday

on january 1, new jersey company borrowed $260,000 to purchase machinery and agreed to pay 7% interest for eight years on an installment note. each note payment

which of the following statements about depreciation methods is not correct? multiple choice different depreciation methods can be used for different classes of

The mcgraw-hill companies, inc. , uses $3,800 worth of electricity and natural gas in its headquarters building for which it has not yet been billed. b. At the

north side wholesalers has sales of $1,648,900. the cost of goods sold is equal to 71 percent of sales and the average inventory is $75,800. how many days, on a

on february 1, 2023, pat weaver incorporated (pwi) issued 9%, $1,300,000 bonds for $1,600,000. pwi retired all of these bonds on january 1, 2024, at 102. unamor