Suppose the comparative balance sheets of Windsor, Inc. are presented here. WINDSOR, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $9,520 $8,720 2,010 1,870 1,610 $13,080 $12,200 1,550 3,210 $3,320 1,210 1,290 7,590 $13,080 $12,200 8,660 (a) Prepare a horizontal analysis of the balance sheet data for Windsor, using 2016 as a base. (if amount and percentage are a decrease show the numbers as negative, e. g.-55,000 -20% or (55,000), (20%). Round percentages to 1 decimal place, e. g. 12.1%.) WINDSOR, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 (Decrease) Change from 2016 $9,520 $8,720 2,010 1,870 1,610 Current Assets Property, plant, and equipment (net) Other assets 1,550 Total assets $13,080$12,200 $ Liabilities and Stockholders' Equity $3,210 $3,320 1,210 1,290 7,590 $13,080 $12,200 Current Liabiiies Long-term liabities Stockholders equity Total liabilities and stockholders' equity 8,660

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.

12.     to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill. student a   incorrect which is correct answer?

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?