You are watching: Select the statement that best substantiates why we say, "the role of management is evolving."
Grant, inc., obtained 30% of southern co.’s voting stock for $200,000 on january 2, year 1, and also did not elect the fair value alternative. the price equaled the moving amount and also the fair value of the interemainder purchased in south’s net assets. grant’s 30% interemainder in south offered approve the capacity to exercise considerable affect over south’s operating and also financial policies. throughout year 1, southern earned $80,000 and passist dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, approve marketed fifty percent of its stock in southern for $150,000 cash. south passist dividends of $60,000 on october 1, year 2. prior to income taxes, what amount must provide incorporate in its year 1 income statement as an outcome of the investment?
Business, 22.06.2019 07:30, cacaface311
Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has actually gave you with the adhering to additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, bereason she thinks she could take customers out on the watercraft periodically, she made a decision to list it as an ascollection of the agency. to be constant, she also noted as a licapacity of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was initially purchased for $27,500, but as a result of a surge in demand miko now thinks she might market it for $39,600. she thought it would be best to record it at $39,600. 3. contained in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t foracquire that her brvarious other owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, change stockholders’ equity.) (list assets in order of liquidity.)
Company, 22.06.2019 16:50, darenl4478
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Machinery purchased for $66,000 by marigold co. in 2013 was originally estimated to have actually a life of 8 years via a salvage worth of $4,400 at the end of that time. depreciation has actually been gotten in for 5 years on this basis. in 2018, it is figured out that the full estimated life have to be 10 years via a salvage value of $4,950 at the finish of that time. assume straight-line depreciation. (a)prepare the enattempt to correct the prior years’ depreciation, if necessary. (b)prepare the entry to document depreciation for 2018.