Assume that Seiden Company gains control of Rimco, its subsidiary, with the purchase of a 40% interest paid in cash. The Equity Investment account reports a balance of $75,000 on the acquisition date and represents a 30% interest in Rimco. The total value of Rimco on the acquisition date is $300,000 (assume no premium for control). The journal entry to record the acquisition includes:
a. Cash, credit, $300,000
b. Gain on revaluation of Rimco, credit, $15,000
c. Loss on revaluation of Rimco, debit, $15,000
d. None of the above
Answers: 1
Business, 21.06.2019 18:10
Classifying inflows and outflows of cash classify each of the following items as an inflow (i) or an outflow (o) of cash, or as neither (n). lg 2 lg 2 item change ($) item change ($) cash +100 accounts receivable β700 accounts payable β1,000 net profits +600 notes payable +500 depreciation +100 long-term debt β2,000 repurchase of stock +600 inventory +200 cash dividends +800 fixed assets +400 sale of stock +1,000
Answers: 1
Business, 21.06.2019 20:00
Your assessment tool contains rich data about child progress in language and literacy but no details to explain the differences between children. you decide to: a. replace the tool with another b. analyze the data using factors such as language, ability, and participation rates c. review your anecdotal notations regarding language and literacy development d. talk with families about what they are seeing at home
Answers: 2
Business, 22.06.2019 01:30
What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond
Answers: 3
Business, 22.06.2019 16:00
In macroeconomics, to study the aggregate means to study blank
Answers: 1
Assume that Seiden Company gains control of Rimco, its subsidiary, with the purchase of a 40% intere...
History, 04.02.2020 03:44
Mathematics, 04.02.2020 03:44
Mathematics, 04.02.2020 03:44
Mathematics, 04.02.2020 03:44
Chemistry, 04.02.2020 03:44
History, 04.02.2020 03:44
History, 04.02.2020 03:44
Mathematics, 04.02.2020 03:44
Social Studies, 04.02.2020 03:44
English, 04.02.2020 03:44
Social Studies, 04.02.2020 03:44