On January 3, 20X9, Redding Company acquired 80 percent of Frazer Corporation's common stock for $344,000 in cash. At the acquisition date, the book values and fair values of Frazer's assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 20 percent of the total book value of Frazer. The stockholders' equity accounts of the two companies at the acquisition date are:
REDDING: Common Stock ($5 par) $500,000; Additional Paid-in capital $300,000; Retained Earnings $350,000.
FRAZER: Common Stock ($5 par) $200,000; Additional Paid-in capital $80,000; Retained Earnings $150,000.
Noncontrolling interest was assigned income of $11,000 in Redding's consolidated income statement for 20X9. Based on the preceding information, what amount will be assigned to the noncontrolling interest on January 3, 20X9, in the consolidated balance sheet?
(A) 86,000
(B) $44,000
(C) $68,800
(D) $50,000
Answers: 3
Business, 22.06.2019 11:20
In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that “lots of campbell’s soups are low in calories,” which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i
Answers: 2
Business, 22.06.2019 20:20
Precision aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. what was the firm's roe? a. 15.23%b. 16.03%c. 16.88%d. 17.72%e. 18.60%
Answers: 2
Business, 22.06.2019 21:50
Search engines generate revenue through pay-per-click (each time a user clicks a link to a retailer’s website); pay-per-call (each time a user clicks a link that takes the user to an online agent waiting for a call); or pay-per-conversion (each time a website visitor is converted to a customer)
Answers: 3
Business, 23.06.2019 02:30
Perform a goal seek analysis to find a packing weight that will bring the shipping weight of the retro fit clothing set down to 39.75 lbs. use cell i9 as the cell to set, 39.75 as the target value, and cell f5 as the changing cell. keep the values generated by the goal seek analysis as the value for cells f5, i9, and i10.
Answers: 2
On January 3, 20X9, Redding Company acquired 80 percent of Frazer Corporation's common stock for $34...
English, 19.04.2020 22:10
Biology, 19.04.2020 22:10
Mathematics, 19.04.2020 22:11
Biology, 19.04.2020 22:11
Advanced Placement (AP), 19.04.2020 22:11
Mathematics, 19.04.2020 22:11
Mathematics, 19.04.2020 22:12
Mathematics, 19.04.2020 22:12
Advanced Placement (AP), 19.04.2020 22:12
Mathematics, 19.04.2020 22:12
Mathematics, 19.04.2020 22:12
Computers and Technology, 19.04.2020 22:13