Home / Questions / On January 1 2013 Telconnect acquires 70 percent of Bandmor for $490000 cash The remaining...
On January 1, 2013, Telconnect acquires 70 percent of Bandmor for $490,000 cash. The remaining 30 percent of Bandmor’s shares continued to trade at a total value of $210,000. The new subsidiary reported common stock of $300,000 on that date, with retained earnings of $180,000. A patent was undervalued in the company’s financial records by $30,000. This patent had a 5-year remaining life. Goodwill of $190,000 was recognized and allocated proportionately to the controlling and noncontrolling interests. Bandmor earns net income and declares cash dividends as follows:
On December 31, 2015, Telconnect owes $22,000 to Bandmor.
a. If Telconnect has applied the equity method, what consolidation entries are needed as of December 31, 2015?
b. If Telconnect has applied the initial value method, what Entry *C is needed for a 2015 consolidation? c. If Telconnect has applied the partial equity method, what Entry *C is needed for a 2015 consolidation? d. What noncontrolling interest balances will appear in consolidated financial statements for 2015?
Jul 22 2020 View more View Less
a) Find the following indefinite integrals: ( Sirx? -(x + 3)]dx (3 marks) (ii) S[e*(1 + e*) - cos(x + 4)]dx (4 marks) (ii)Sax133adx (4 marks) b) Evaluate the following de...
May 10 2021Please provide the IR, 1H NMR and UV Spectra values of Benzoic Acid, 3-bromo-, methyl ester. And discuss how the results were obtain. For example the result for 3-(3-meth...
May 13 2021Consider a stock and assume it follows a geometric Brownian motion dS = µdt+σdz. Consider now a function G = G(S, t).i) Use Itˆo’s lemma to find the stochastic process d...
Aug 16 2020(Fai r V alue Addison Manufacturing holds a large portfolio of debt and equity securities as an investment. The fair value of the portfolio is greater than its original c...
Jun 18 2020Suppose 60 participants are enrolled in the main study. How much power would the study have to detect a 0.5-unit mean difference if a two-sided test is used with a signif...
Aug 01 2020Which of the following are the characteristics of the planning process usually adopted in Japanese Management style? I. Long-term orientation. ...
Nov 27 2017Develop a solution with PPB Lot-Sizing technique and calculate the total relevant costs for the gross requirements in the following table Period 4 5 6 7 8 9 10 11 12 1 2 ...
Apr 26 2021AreaShow that the area of the polar sector (see figure) is where is the average radius of
Aug 02 2021A segment of a parabola is an area bounded by the parabola and a line perpendicular to the axis of the parabola. The intersection of this perpendicular line and the axis ...
Jun 11 2021What is the Lewis structure for SbCl5
May 20 2021