Business, 07.10.2019 23:30 reesespowerade

On january 1, 2017, alison, inc., paid $89,000 for a 40 percent interest in hollister corporation’s common stock. this investee had assets with a book value of $254,000 and liabilities of $92,500. a patent held by hollister having a $8,600 book value was actually worth $43,100. this patent had a six-year remaining life. any further excess cost associated with this acquisition was attributed to goodwill. during 2017, holister earned income of $41,500 and declared and paid dividends of $14,000. in 2018, it had income of $70,700 and dividends of $19,000. during 2018, the fair value of allison’s investment in holister had risen from $100,700 to $109,780. a. assuming alison uses the equity method, what balance should appear in the investment in holister account as of december 31, 2018

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 22:30

Match the vocabulary word to the correct definition. 1. sexual harassment 2. terminate 3. recruitment 4. professional development 5. union a. any unwanted sexual attention, the suggestions that maintaining one’s job or professional advancement depends on sexual favors, or verbal and/or physical harassment of a sexual nature b. to fire from a job or end a professional relationship c. an organization of those in the same industry who join together to more effectively bargain with employers d. the process of attracting and hiring employees e. continuing education in a chosen field

Answers: 1

Answer

Business, 22.06.2019 12:50

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:

Answers: 2

Answer

Business, 22.06.2019 13:30

Over the past year, three of the star salesmen at family resorts international's corporate office have been lured away to competitors. on top of that, karina, the general manager of the sales department, has noticed that most employees come in, do their jobs, and leave. family resorts offers a good salary, benefits, and tuition reimbursement, as well as a number of development and training programs. most employees seem contented enough, but karina would like to do something to increase the level of engagement among her staff. what do you think karina should do?

Answers: 1

Answer

Business, 22.06.2019 19:30

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above

Answers: 2

Answer

You know the right answer?

On january 1, 2017, alison, inc., paid $89,000 for a 40 percent interest in hollister corporation’s...

Questions