Assume that on 1/1/xx, a parent company acquired 90% interest in a subsidiary. the total fair value of the controlling and noncontrolling interests was $480,000 over book value. the parent assigned the excess to: ppe with a fair value of $160,000 and useful life of 20 years, patent with a fair value of $80,000 and useful life of 10 years, customer list with a fair value of $40,000 and useful life of 10 years, and goodwill with a fair value of 200,000.90% of the goodwill is assigned to the parent. using the spreadsheet: prepare the consolidated financial statements at 12/31/xx by placing the appropriate entries in their respective debit/credit column cells. indicate, in the blank column cell to the left of the debit and credit column cells if the entry is a [c], [e], [a]or [d] entry. use excel formulas to derive the consolidated column amounts and totals. using the "home" key in excel, go to the "styles" area and highlight the [c], [e], [a], and [d] entry cells in different shades.

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9