Business, 17.04.2020 00:42 kendasinjab
Fizer Pharmaceutical paid $79 million on January 2, 2021, for 2 million shares of Carne Cosmetics common stock. The investment represents a 20% interest in the net assets of Carne and gave Fizer the ability to exercise significant influence over Carne’s operations. Fizer received dividends of $4 per share on December 21, 2021, and Carne reported net income of $60 million for the year ended December 31, 2021. The fair value of Carne’s common stock at December 31, 2021, was $29.50 per share.
The book value of Carne's net assets was $170 million
The fair value of Carne's depreciable assets exceeded their book value by $40 million. These assets had an average remaining useful life of twelve years
The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill
Prepare the appropriate journal entries related to the investment during 2021
Answers: 2
Another question on Business
Business, 21.06.2019 16:00
Suppose matt and bree go out to get pizza. they order breadsticks and a large pepperoni pizza. after eating the breadsticks, and one piece of pizza bree decides to have an additional piece, but she does not eat a third piece. if bree is a rational individual why did she not eat the third piece of pizza? the marginal cost of the
Answers: 2
Business, 21.06.2019 19:20
Which of the following best explains why large companies have an advantage over smaller companies? a. economies of scale make it possible to offer lower prices. b. the production possibilities frontier is wider for a larger company. c. decreasing marginal utility enables more efficient production. d. increasing the scale of production leads to a reduction in inputs.2b2t
Answers: 1
Business, 22.06.2019 03:00
What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real
Answers: 3
Business, 22.06.2019 13:30
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?
Answers: 2
You know the right answer?
Fizer Pharmaceutical paid $79 million on January 2, 2021, for 2 million shares of Carne Cosmetics co...
Questions
English, 31.08.2019 05:10
Law, 31.08.2019 05:10
Mathematics, 31.08.2019 05:10
Engineering, 31.08.2019 05:10
Computers and Technology, 31.08.2019 05:10
Chemistry, 31.08.2019 05:10
Chemistry, 31.08.2019 05:10
