On january 1, 2016, pride corporation purchased 90 percent of the outstanding voting shares of star, inc. for $540,000 cash. the acquisition-date fair value of the noncontrolling interest was $60,000. at january 1, 2016, star’s net assets had a total carrying amount of $420,000. equipment (eight-year remaining life) was undervalued on star’s financial records by $80,000. any remaining excess fair value over book value was attributed to a customer list developed by star (four-year remaining life), but not recorded on its books. star recorded net income of $70,000 in 2016 and $80,000 in 2017. each year since the acquisition, star has declared a $20,000 dividend. at january 1, 2018, pride’s retained earnings show a $250,000 balance. select account balances for the two companies from their separate operations were as follows : - pride star 2018 revenues $ 498,000 $ 285,000 2018 expenses 350,000 195,000 what is consolidated net income for 2018?

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?

Reliability and validity reliability and validity are two important considerations that must be made with any type of data collection. reliability refers to the ability to consistently produce a given result. in the context of psychological research, this would mean that any instruments or tools used to collect data do so in consistent, reproducible ways. unfortunately, being consistent in measurement does not necessarily mean that you have measured something correctly. to illustrate this concept, consider a kitchen scale that would be used to measure the weight of cereal that you eat in the morning. if the scale is not properly calibrated, it may consistently under- or overestimate the amount of cereal that’s being measured. while the scale is highly reliable in producing consistent results (e.g., the same amount of cereal poured onto the scale produces the same reading each time), those results are incorrect. this is where validity comes into play. validity refers to the extent to which a given instrument or tool accurately measures what it’s supposed to measure. while any valid measure is by necessity reliable, the reverse is not necessarily true. researchers strive to use instruments that are both highly reliable and valid.