Business, 12.12.2019 22:31 xmanavongrove55

Goehler, inc. acquires all of the voting stock of kenneth, inc. on january 4, 2017, at an amount in excess of kenneth’s fair value. on that date, kenneth has equipment with a book value of $90,000 and a fair value of $120,000 (10-year remaining life). goehler has equipment with a book value of $800,000 and a fair value of $1,200,000 (10-year remaining life). on december 31, 2018, goehler has equipment with a book value of $975,000 but a fair value of $1,350,000 and kenneth has equipment with a book value of $105,000 but a fair value of $125,000. if goehler applies the partial equity method in accounting for kenneth, what is the consolidated balance for the equipment account as of december 31, 2018?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:30

The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?

Answers: 3

Answer

Business, 22.06.2019 08:00

Why do police officers get paid less than professional baseball players?

Answers: 2

Answer

Business, 22.06.2019 15:10

Paddock pools constructed a swimming pool and deck for the jensens' home. paddock installed the wrong trim on the pool. it would cost $2800 to change the trim-one-fifth of the total cost of the pool. the jensens refuse to pay anything for the pool. the paddock's best defense is: (a) duress (b) substanial performance (c)mistake (d) failure of conditions

Answers: 3

Answer

Business, 22.06.2019 19:30

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%

Answers: 3

Answer

You know the right answer?

Goehler, inc. acquires all of the voting stock of kenneth, inc. on january 4, 2017, at an amount in...

Questions