Assume that on 1/1/xx, a parent company acquired 90% interest in a subsidiary. the total fair value of the controlling and noncontrolling interests was $480,000 over book value. the parent assigned the excess to: ppe with a fair value of $160,000 and useful life of 20 years, patent with a fair value of $80,000 and useful life of 10 years, customer list with a fair value of $40,000 and useful life of 10 years, and goodwill with a fair value of 200,000.90% of the goodwill is assigned to the parent. using the spreadsheet: prepare the consolidated financial statements at 12/31/xx by placing the appropriate entries in their respective debit/credit column cells. indicate, in the blank column cell to the left of the debit and credit column cells if the entry is a [c], [e], [a]or [d] entry. use excel formulas to derive the consolidated column amounts and totals. using the "home" key in excel, go to the "styles" area and highlight the [c], [e], [a], and [d] entry cells in different shades.

Elon musk is the ceo of tesla motors. musk also serves as chairman of tesla's board. according to corporate governance theory, which of the following is a logical reason why musk should serve on the board? 1. he serves on many other boards, including that of a major client of tesla.2. his is an independent director who is well positioned to monitor the company's management.3. he can easily fire board members that are shirking their duties.4. he can provide the board with valuable inside information about the firm and the industry.

Peppy roaney believes that pizza is a much more versatile dish than most people realize. as the national marketing manager for pizza guys, he observed how consumers were delighted with barbecue pizza, hawaiian pizza, mexican pizza and other unique combinations. his suggestions for other unusual pizzas, however, were met with a negative response by his superiors. even some of his colleagues laughed at his ideas. peppy's confidence in his ability to understand the market has led him to focus on planning a business of his own. peppy realizes that he will take a risk when he leaves his job with pizza guys and embarks upon a new venture: peppy's pizzazzeria. peppy is excited about the potential of profitably catering to the unmet desires of pizza consumers. peppy is confident that peppy's pizzazzeria will be a success, but only if he has enough money to do things right. since peppy has very little personal wealth, he knows he must obtain financial assistance. in order to prepare for meetings with bankers and p

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.