subject
Business, 05.11.2019 02:31 gbeltran2302

Stiller company, an 80% owned subsidiary of leo company, purchased land from leo on march 1, 2017 for $75,000. the land originally cost leo $60,000. compute the gain or loss on the intra-entity sale of land that leo would recognize on their individual accounting records. group of answer choices a) $15,000 loss b) $15,000 gain c) $50,000 loss d) $50,000 gain e) $65,000 gain.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:30
1. gar principles or "the principles"are intended to do what?
Answers: 2
question
Business, 22.06.2019 02:30
Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next
Answers: 2
question
Business, 22.06.2019 10:30
Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is
Answers: 2
question
Business, 22.06.2019 18:00
Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.
Answers: 3
You know the right answer?
Stiller company, an 80% owned subsidiary of leo company, purchased land from leo on march 1, 2017 fo...
Questions
question
Mathematics, 29.01.2021 22:30
question
Business, 29.01.2021 22:30
question
Mathematics, 29.01.2021 22:30
question
Chemistry, 29.01.2021 22:30
question
Mathematics, 29.01.2021 22:30
Questions on the website: 13722367