Paco company acquired 100 percent of the stock of salad corp. on december 31, 20x8. the stockholders' equity section of salad's balance sheet at that date is as follows: common stock $ 300,000 additional paid-in capital 500,000 retained earnings 400,000 total $ 1,200,000 paco financed the acquisition by using $880,000 cash and giving a note payable for $400,000. book value approximated fair value for all of salad's assets and liabilities except for buildings which had a fair value $60,000 more than its book value and a remaining useful life of 10 years. any remaining differential was related to goodwill. paco has an account payable to salad in the amount of $30,000. required: 1) present all consolidating entries needed to prepare a consolidated balance sheet immediately following the acquisition. 2) what additional consolidating entry must be prepared at december 31, 20x9? essaytoolbar navigation opens in a dialog

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.