On January 1, 2017, a subsidiary sold equipment to its parent for $520,000. The subsidiary's original cost was $200,000 and as of January 1, 2017, $20,000 in depreciation had been recorded on the subsidiary's books. At the date of sale, the equipment had a 10-year remaining life, straight-line. It is now December 31, 2021 (5 years since the sale), and the parent still holds the equipment. In the consolidation eliminating entries for 2021, the equipment account (gross cost) is reduced by a net amount of A. $280,000 B. $300,000 C. $340,000 D. $320,000
Answers: 3
Business, 22.06.2019 13:50
When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars
Answers: 2
Business, 22.06.2019 14:30
The face of a company is often that of the lowest paid employees who meet the customers. select one: true false
Answers: 1
Business, 22.06.2019 14:40
You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?
Answers: 2
Business, 22.06.2019 16:00
Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:
Answers: 1
On January 1, 2017, a subsidiary sold equipment to its parent for $520,000. The subsidiary's origina...
Computers and Technology, 18.12.2020 16:10
Mathematics, 18.12.2020 16:10
Medicine, 18.12.2020 16:10
Mathematics, 18.12.2020 16:10
Mathematics, 18.12.2020 16:10
Mathematics, 18.12.2020 16:10
Mathematics, 18.12.2020 16:10
Mathematics, 18.12.2020 16:10
History, 18.12.2020 16:10
Mathematics, 18.12.2020 16:10
Mathematics, 18.12.2020 16:10
Mathematics, 18.12.2020 16:10