Business, 12.02.2021 07:20 celestesanchezts
Sage, Inc., bought 40% of Adams Corp.'s outstanding voting common stock on January 2 for $400,000, which equaled a proportionate share of the fair value of the net assets. Sage has significant influence over Adams' operations and uses the equity method to account for this investment. The carrying amount of the net assets at the purchase date was $900,000. Fair values and carrying amounts were the same for all items except for plant and inventory, for which fair values exceeded their carrying amounts by $210,000 and $15,000, respectively. The plant has a 20-year life. All inventory was sold during the year. During the year, Adams reported net income of $904,000 and paid a $59,000 cash dividend. What amount should Sage report as Equity Income in its income statement from its investment in Adams for the year ended December 31
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Which of the following is a problem for the production of public goods?
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Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.
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Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position
Answers: 3
Sage, Inc., bought 40% of Adams Corp.'s outstanding voting common stock on January 2 for $400,000, w...
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