subject
Business, 25.06.2019 01:20 zionlopez543

Renfroe, inc. acquires 10% of stanley corporation on january 1, 2012, for $90,000 when the book value of stanley was $1,000,000. during 2012, stanley reported net income of $215,000 and paid dividends of $50,000. on january 1, 2013, renfroe purchased an additional 30% of stanley for $325,000. any excess of cost over book value is attributable to goodwill with an indefinite life. during 2013, renfroe reported net income of $320,000 and paid dividends of $50,000. how much is the adjustment to the investment in stanley corporation for the change from the fair-value method to the equity method on january 1, 2013?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 22:50
Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.
Answers: 1
question
Business, 22.06.2019 08:40
Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates
Answers: 2
question
Business, 22.06.2019 13:40
Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.
Answers: 2
question
Business, 22.06.2019 14:10
When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.
Answers: 2
You know the right answer?
Renfroe, inc. acquires 10% of stanley corporation on january 1, 2012, for $90,000 when the book valu...
Questions
question
Mathematics, 06.10.2021 14:00
question
Mathematics, 06.10.2021 14:00
question
Engineering, 06.10.2021 14:00
question
Mathematics, 06.10.2021 14:00
question
Mathematics, 06.10.2021 14:00
Questions on the website: 13722367