Business, 26.07.2019 05:10 studyoverload
Matthew owns 30 percent of the outstanding stock of lindman and has the ability to significantly influence the investee’s operations and decision making. on january 1, 2015, the balance in the investment in lindman account is $337,000. amortization associated with this acquisition is $10,000 per year. in 2015, lindman earns an income of $202,000 and declares cash dividends of $50,500. previously, in 2014, lindman had sold inventory costing $34,200 to matthew for $57,000. matthew consumed all but 25 percent of this merchandise during 2014 and used the rest during 2015. lindman sold additional inventory costing $39,200 to matthew for $70,000 in 2015. matthew did not consume 40 percent of these 2015 purchases from lindman until 2016.a. what amount of equity method income would matthew recognize in 2015 from its ownership interest in lindman? b. what is the equity method balance in the investment in lindman account at the end of 2015?
Answers: 1
Business, 22.06.2019 07:30
What is the relationship between the national response framework and the national incident management system (nims)? a. the national response framework replaces the nims, which is now obsolete. b. the response protocols and structures described in the national response framework align with the nims, and all nims components support response. c. the nims relates to local, state, and territorial operations, whereas the nrf relates strictly to federal operations. d. the nims and the national response framework cover different aspects of incident management—the nims is focused on tactical planning, and the national response framework is focused on coordination.
Answers: 3
Business, 22.06.2019 21:30
The adjusted trial balance for china tea company at december 31, 2018, is presented below:
Answers: 1
Business, 22.06.2019 22:50
For 2016, gourmet kitchen products reported $22 million of sales and $19 million of operating costs (including depreciation). the company has $15 million of total invested capital. its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 36%. what was the firm’s economic value added (eva), that is, how much value did management add to stockholders’ wealth during 2016?
Answers: 1
Business, 23.06.2019 01:00
Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i.e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000
Answers: 3
Matthew owns 30 percent of the outstanding stock of lindman and has the ability to significantly inf...
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