Business, 25.11.2020 21:20 natnat55

James Company acquired 85 percent of Mark-Right Company on April 1. On its December 31 consolidated income statement, how should James account for Mark-Right’s revenues and expenses that occurred before April 1?A. Include 100% of Mark-Right’s revenues and expenses and deduct the pre-acquisition portion as non-controlling interest in net income. B. Exclude 100% of the pre-acquisition revenues and 100% of the pre-acquisition expenses from their respective consolidated totals. C. Exclude 15% of the pre-acquisition revenues and 15% of the preacquisition expenses from consolidated expenses. D. Deduct 15% of the net combined revenues and expenses relating to the pre-acquisition period from consolidated net income.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 05:30

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

Answers: 3

Answer

Business, 22.06.2019 12:40

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

Answers: 3

Answer

Business, 23.06.2019 10:30

This pie chart shows a sample weekly budget. in this budget, how much money is going toward optional expenses? $70 $75 $10 $35

Answers: 1

Answer

Business, 23.06.2019 11:00

Comparative financial statements for weller corporation, a merchandising company, for the year ending december 31 appear below. the company did not issue any new common stock during the year. a total of 800,000 shares of common stock were outstanding. the interest rate on the bonds, which were sold at their face value, was 12%. the income tax rate was 40% and the dividend per share of common stock was $0.40 this year. the market value of the company's common stock at the end of the year was $18. all of the company's sales are on account. time interest earned ratio

Answers: 3

Answer

You know the right answer?

James Company acquired 85 percent of Mark-Right Company on April 1. On its December 31 consolidated...

Questions