Cairns owns 75 percent of the voting stock of Hamilton, Inc. The parent’s interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisition. Cairns uses the equity method in its internal records to account for its investment in Hamilton. On January 1, 2011, Hamilton sold $1,000,000 in 10-year bonds to the public at 105. The bonds had a cash interest rate of 9 percent payable every December 31. Cairns acquired 40 percent of these bonds at 96 percent of face value on January 1, 2013. Both companies utilize the straight-line method of amortization. Prepare the consolidation worksheet entries to recognize the effects of the intra-entity bonds at each of the following dates.
a. December 31, 2013.
b. December 31, 2014. c. December 31, 2015 .
This portion of the case study analysis requieres that you identify and analyze the structure and control systems that the company is using to implement its business stra...Nov 25 2019
Calloway Cab Company determines its break-even point strictly on the basis of cash expenditures related to fixed costs. Its total fixed costs are $400,000, but 20 percent...Apr 23 2020
1. Design a process chart for printing a short document on a laser printer at an office. Unknown to you, the printer in the hallway is out of paper. The paper is located ...Jul 30 2020
Discuss the trade-offs that people face.Aug 28 2020
After reading Principles of Macroeconomics, please discuss the incentives and allocation of labor resources and financial instruments. Try to relate the concepts to your ...Apr 18 2020
why do many manager say that job anaylsis is a colossal waste of their time and the time of their employees?are they right >May 05 2020
Write Lewis structures for the following molecules or ions:(a) SbH3(b) XeF2(c) Se8 (a cyclic molecule with a ring of eight Se atoms)Jul 26 2021
In monopolistic competition, we usually observe:a. large number of firmsb. homogenous productc. imperfect informationd. barriers to entryApr 13 2021
Consider a small landscaping company run by Mr. Viemeister. He is considering increasing his firm’s capacity. If he adds one more worker, the firm’s total monthly revenue...Dec 05 2019
Trophic levels are formed by a) Only plants b) only animals c) Only carnivorous d) Organisms linked in food chainJul 11 2021