Business, 25.12.2019 00:31 020020

Delta corporation owns 90 percent of sigma company, and sigma owns 90 percent of pi, inc., all of which are domestic corporations. there are no excess amortizations associated with any of the acquisitions. information for the three companies for the year ending december 31, 2018 follows:

delta sigma pi
separate company net income $ 600,000 $ 400,000 $ 200,000
intra-entity gross profits on transfers of inventory which remain with the buyer at the reporting date and are included in operating income above 24,000 0 8,000
what is the total net income attributable to the noncontrolling interest for 2018?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:00

Which term best fits the sentence? is the process of reasoning, analyzing, and making important decisions. it’s an important skill in making career decisions. a. critical thinking b. weighing pros and cons c. goal setting

Answers: 1

Answer

Business, 22.06.2019 11:00

What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.

Answers: 3

Answer

Business, 22.06.2019 13:30

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?

Answers: 3

Answer

Business, 22.06.2019 16:50

Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?

Answers: 2

Answer

You know the right answer?

Delta corporation owns 90 percent of sigma company, and sigma owns 90 percent of pi, inc., all of wh...

Questions