Cashen co. paid $2,400,000 to acquire all of the common stock of janex corp. on january 1, 2012. janex's reported earnings for 2012 totaled $432,000, and it paid $120,000 in dividends during the year. the amortization of allocations related to the investment was $24,000. cashen's net income, not including the investment, was $3,180,000, and it paid dividends of $900,000.
question : what is the amount of consolidated net income for the year 2012? a. $3,180,000.b. $3,612,000.c. $3,300,000.d. $3,588,000.e. $3,420,000.

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4

When you hire an independent contractor you don't have to pay the contractors what

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: