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sweet [91]
2 years ago
8

On January 1, 20X5, Playa Company acquires 90 percent ownership in Seaside Corporation for $180,000. The fair value of the nonco

ntrolling interest at that time is determined to be $20,000. Seaside reports net assets with a book value of $200,000 and fair value of $200,000. Playa Company reports net assets with a book value of $480,000 and a fair value of $525,000 at that time, excluding its investment in Seaside. What will be the amount of consolidated net assets that would be reported immediately after the combination?
Business
1 answer:
meriva2 years ago
8 0

Answer:

$680,000

Explanation:

Since Playa Company owns 90% of Seaside Corporation, it is considered Seaside's parent company and it must include all of Seaside's assets when it presents its consolidated balance sheet.

Total net assets reported = $480,000 (Playa's net assets at book value) + $200,000 (Seaside's net assets) = $680,000

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Information collected from online databases is an example of ________ data. A) observationalB) experimentalC) primaryD) secondar
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Answer:

The correct answer is letter "D": secondary.

Explanation:

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2 years ago
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Answer:

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Explanation:

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The fixed cost per unit = 6.

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Therefore, the price it should charge for a camp site in February and August = $6 + $5 + $9 = $20.

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