Redfield company reports current earnings of $434,000 while declaring $26,000 in cash dividends. snedeker company earns $116,000 in net income and declares $6,500 in dividends. redfield has held a 70 percent interest in snedeker for several years, an investment with an acquisition-date excess fair over book value attributable solely to goodwill. redfield uses the initial value method to account for these shares. on january 1 of the current year, snedeker acquired in the open market $39,000 of redfield’s 8 percent bonds. the bonds had originally been issued several years ago at 92, reflecting a 10 percent effective interest rate. on the date of purchase, the book value of the bonds payable was $38,000. snedeker paid $37,000 based on a 12 percent effective interest rate over the remaining life of the bonds. what is the noncontrolling interest’s share of consolidated net income

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.

Six years ago, an 80-kw diesel electric set cost $160,000. the cost index for this class of equipment six years ago was 187 and is now 194. the cost-capacity factor is 0.6. the plant engineering staff is considering a 120-kw unit of the same general design to power a small isolated plant. assume we want to add a precompressor, which (when isolated and estimated separately) currently costs $13291. determine the total cost of the 120-kw unit. (hint: skip $ and comma symbols)