Business, 02.03.2020 18:19 asdfghj3513

Pine Company purchased a 60% interest in the Scent Company on January 1, 2016 for $360,000. On that date, the stockholders equity of Scent Company was $450,000. Any excess cost on 1/1/16 was attributable to goodwill. Pine purchased another 20% interest on January 1, 2019 for $200,000. On January 1, 2019, Scent Company's stockholders equity was $700,000 and it earned $50,000 evenly during 2016. Pine company had internally generated net income of $120,000 during 2016. t
Required:
1. Calculate the consolidated income for 2019 and the distribution of consolidated income to the noncontrolling and controlling interests.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 08:00

Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate

Answers: 2

Answer

Business, 22.06.2019 15:00

Ineed this asap miguel's boss asks him to distribute information to the entire staff about a mandatory meeting. in 1–2 sentences, describe what miguel should do.

Answers: 1

Answer

Business, 22.06.2019 19:00

It is estimated that over 100,000 students will apply to the top 30 m.b.a. programs in the united states this year. a. using the concept of net present value and opportunity cost, when is it rational for an individual to pursue an m.b.a. degree. b. what would you expect to happen to the number of applicants if the starting salaries of managers with m.b.a. degrees remained constant but salaries of managers without such degrees decreased by 20 percent

Answers: 3

Answer

Business, 22.06.2019 19:10

According to the textbook chapter, “the emotional connection of distinguishing differences and conflict”, which of the following groups of terms describes best the skills/resources that managers need when managing differences in their organization? energy, commitment, tolerance, and appreciation energy, adequate funding, tolerance, and appreciation funding, tolerance, a strong hr department, and tolerance energy, a strong hr department, patience, and strong leadership skills

Answers: 3

Answer

You know the right answer?

Pine Company purchased a 60% interest in the Scent Company on January 1, 2016 for $360,000. On that...

Questions