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vovangra [49]
2 years ago
9

On January 1, 2019, Jannison Inc. acquired 90% of Techron Co. by paying $477,000 cash. There is no active trading market for Tec

hron stock. Techron Co. reported a Common Stock account balance of $140,000 and Retained Earnings of $280,000 at that date. The fair value of Techron Co. was appraised at $530,000. The total annual amortization was $11,000 as a result of this transaction. The subsidiary earned $98,000 in 2019 and $126,000 in 2020 with dividend payments of $42,000 each year. Without regard for this investment, Jannison had income of $308,000 in 2019 and $364,000 in 2020. Prepare a proper presentation of consolidated net income and its allocation for 2019.
Business
1 answer:
shusha [124]2 years ago
8 0

Answer:

Answer is given below.

Explanation:

Economic Unit Concept  

                          2014 2015

Jannison Inc. 308000 364000

Techron Co. 98000 126000

Sub Total 406000 490000

Less : Amortization 11000 11000

Total Net Income 395000 479000

Non Controlling Interest  

= 10 % of Techron Co,  

(after deduction of amortization expense)  

= 10% (98000-11000) 8700  

= 10% (126000-11000)  11500

Consolidated Net income 386300 467500

(after Noncontrolling interest allocation)  

Under Economic unit concept both business are taken as a single business unit, and accordingly incomes of both entities are clubbed to find income of business as whole

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densk [106]
CPI is the Consumer Price Index.
CPI is one of the most used statistics.
In 1960 :   CPI 29.3 --------------100 %
In 2017 :   CPI 255 --------------- x %
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29.3 : 255 = 100 : x
29.3 x = 25,500
x = 25,500 : 29.3
x = 870.3 %
For $1 million in 1960 there is $8.703 million in 2017.
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A company offered one half of its employees a bonus if the production of light bulbs increased by 30%. The other half of the emp
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You have ten workers who are all equally skilled and who can do each other worker's job
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The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2018, contained the following accounts.5-year Bon
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Answer:

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3 0
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Suppose it is discovered that the first zurvanites were influenced more by indian than by babylonian conceptions of cyclical tim
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Full Question:

<em>Suppose it is discovered that the first zurvanites were influenced more by indian than by babylonian conceptions of cyclical time. does this discovery support the author's argument?</em>

A: The author does not claim that Zoroaster was the first to proclaim the end of history, just that this claim was one of the “most striking elements” in his teaching (lines 27-29). This discovery would not be inconsistent with the passage.

B: The author suggests that the Zurvanite conception of time as a sentient being was based in Babylonian speculations that time is cyclical, and so unending (lines 29-35). An early Zurvanite denial that history has an end (i.e., a claim that history and time do not end) would strengthen, not weaken the author’s argument.

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D: The author does not argue that Zoroaster had no premonitory inkling of what heresies were to come. This discovery would have no effect on the author’s position.

Answer:

Yes. The author very strongly argues that the Zurvanites committed “a deep and grievous heresy” by claiming that the two primal beings were brothers (lines 52-56). If Zoroaster himself made this claim, the Zurvanites would not in fact have “betrayed Zoroaster’s fundamental doctrine.”

Cheers!

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