subject
Business, 25.10.2019 00:43 brittanyjacob8

West company acquired 60 percent of solar company for $300,000 when solar’s book value was $400,000. the newly comprised 40 percent noncontrolling interest had an assessed fair value of $200,000. also at the acquisition date, solar had a trademark (with a 10-year remaining life) that was undervalued in the financial records by $60,000. also, patented technology (with a 5-year remaining life) was undervalued by $40,000. two years later, the following figures are reported by these two companies (stockholders’ equity accounts have been omitted): west company book value - solar company book value - solar company fair valuecurrent assets --> $620,000 - $300,000 - $320,000trademarks --> 260,000 - 200,000 - 280,000patented technology --> 410,000 - 150,000 - 150,000liabilities --> (390,000) - (120,000) - (120,000)revenues --> (900,000) - (400,000)expenses --> 500,000 - 300,000investment income --> not givenwhat is the consolidated net income before allocation to the controlling and noncontrolling interests? a. $400,000.b. $486,000.c. $491,600.d. $500,000.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:40
This problem has been solved! see the answerchapter 19 problem #8. quality and financial control (connect, perform)part one: geometrica designs and builds domes and space frames for large buildings. while the company had developed quality standards over time to respond to different client problems and training needs, it lacked a unified quality system, and its global client base wanted assurance that geometrica met an established international standard for quality. which of the following was an appropriate step for this company to take? a) reform its accounting and financial reporting systems to comply with sarbanes-oxleyb) establish and document a quality management system to comply with iso 9000management at workyou are the new fleet manager at xpressship, a package delivery company. as your first project, your boss has asked that you to look into implementing an electronic monitoring system for the fleet of 2,000 trucks your company owns. a recent internal audit on maintenance and repair costs on the company’s vehicles revealed while maintenance was performed regularly on the trucks, mileage or use had not been taken into account. this resulted in approximately $20,000 of unneeded repairs. you know that telematics have been used by other companies with fleets of cars or trucks and it will allow your company to not only track mileage and use, but also part replacement needs, vehicle oil pressure, and drivers’ speed and real time location. tracking these items can reduce maintenance costs while improving efficiency. you find that a simple computer can be installed in each vehicle. when the drivers return at the end of the day, the telematics information from each vehicle will be uploaded to a master computer where a software program will generate a report with results on the variables you have selected.early one morning as you are getting a cup of coffee, a few drivers that have been with the company for many years approach you with some concerns. eldon, the most senior driver says, “i heard you’re installing some type of computer to track our driving. my buddy works over at parcel and post package delivery and he said they’ve got these computers, too. he said managers are writing people up and firing drivers for speeding or not wearing seat belts. are you going to do that to us, too? ”part two: as a manager, which of the following statements would be effective in maintaining a positive relationship with company drivers? check all that apply.a) at this time, xpressship will be using telematics to monitor maintenance and repair needs, not drivers’ motoring habitsb) although the company isn’t doing so now, when xpressship begins to monitor driver motoring habits, the company will encourage them to keep a separate daily log where they can document any unusual circumstancesc) while xpressship could monitor things like speed, location, and idle time, the company trusts their drivers and will not be using that data in disciplinary decisionsd) xpressship executives are happy with their technology and believe that implementation is ideal for your organization
Answers: 3
question
Business, 22.06.2019 18:00
*will mark brainliest! * when a company spends resources (labor, money) to give customers "free" items, those costs are called a. investment costs b. economic costs c. scarcity costs d. opportunity costs answer asap!
Answers: 1
question
Business, 22.06.2019 22:30
Ski powder resort ends its fiscal year on april 30. the business adjusts its accounts monthly, but closes them only at year-end (april 30). the resort's busy season is from december 1 through march 31. adrian pride, the resort's chief financial officer, the museums a close watch on lift ticket revenue and cash. the balances of these accounts at the end of each of the last five months are as follows:
Answers: 3
question
Business, 22.06.2019 23:40
Robert is a district manager who oversees several store managers in a national chain of restaurants. robert reports directly to the vice president of stores and marketing, a member of top management. robert is a middle manager.t/f
Answers: 2
You know the right answer?
West company acquired 60 percent of solar company for $300,000 when solar’s book value was $400,000....
Questions
question
Mathematics, 22.01.2021 20:00
question
Mathematics, 22.01.2021 20:00
question
Mathematics, 22.01.2021 20:00
Questions on the website: 13722367