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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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Claudia feels strongly against a law that was recently passed in her hometown. She proceeds to write letters to the local newspa
Evgesh-ka [11]

Answer:

Option(b) is the correct answer to the given question

Explanation:

The main objective of the first amendment says that freedom and rights regarding to the correct to the protest, religious faith, appearance as well as assembly.This law is all about the freedom to all the region of the person .

  • The first amendment prohibits Congress both from supporting yet another religious belief over the other and prohibiting the religious beliefs of even a person as well.
  • As claudia writing the letters to the news paper supportive of the law's effect. She also protests upwards the sidewalk, noisily promoting her viewpoint in front of town hall it is similar to  first Amendment  law.
  • All the other option are not related to the given scenario that's why these are incorrect option .
5 0
2 years ago
For the next 2 questions, use the financials of Acme Corporation. After adjusting revenue for accounts receivable and deferred r
Mekhanik [1.2K]

Answer: B. $892.1 million

Explanation:

The Revenue was $939,393 million

When calculating how much cash was generated any increase to the Accounts Receivables is removed from the revenue because it signifies that more sales were made on credit and so have not given the business cash yet.

Any increase in Deferred Revenue must be added because this is Cash that has been given to the business but for accrual purposes cannot be recognized yet. Bottomline however, the Cash has been received.

Increase in Receivables = 309,196 - 221,504

= $87,692 million

Increase in Deferred Revenue= 374,730 - 334,358

= $40,372 million

The Cash generated is therefore;

= 939,393 - 87,692 + 40,372

= $892,073

= $892.1 million

I have attached the Financial Statements of Acme Corporation.

6 0
2 years ago
Jim debt was reviewing the total accounts receivable. this month he received $80,000 from credit customers. this represented 40%
Eduardwww [97]
200,000 have to find what 10 percent is and multiply that by 10
4 0
1 year ago
Read 2 more answers
The Bata Aerobics Company manufactures two models of steppers used for aerobics exercises. To manufacture each luxury model requ
Angelina_Jolie [31]

Answer:

to maximize profit it will produce:

400 units of luxury

none of standard.

Explanation:

luxury:

20 lb of pastic and 9 min of labor and 40 dollars profit

standard:

30lb plastic 6 of labor and $15

We calculate the contribution per constrain resourse:

<u>labor hours</u>

40 / 9 = 4.44

15 / 6 =  2.5

<u>materials</u>

40/20 = 2

15 / 30 = 0.5

As luxury provides better contribution in both categories we will maximize his production.

60 hours x 60 min per hours = 3,600 min

3,600 / 9 min = 400 units of luxury steppers

12,600/20 = 630 units of luxury

Once we use the labor hours we cannot keep producing, so we maximize the profit at 400 units of luxury at the given scenario.

As there is no amounft left for standard we don't produce any

5 0
2 years ago
Record the issuance of additional shares for $1,469 cash; total par value was $1 and the rest was in excess of par value.
mel-nik [20]

Answer:

cash                       1,469 debit

  common stock                        1 credit

  additional paid-in             1,468 credit

--to record issuance of shares in exchange of cash--

Explanation:

We are given the fact that total par value of the shares is $1

thus, the remained will be additional paid-in excess of Common stock.

We debit the cash received as it is an asset

Then, we credit both, common stock and additional paid-in excess of Common Stock as they are equity accounts.

7 0
1 year ago
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