Business, 24.04.2020 02:20 jeffcarpenter
Grower Supply Corporation holds 85 percent of Schultz Company's voting common stock. At the end of 20X4, Schultz purchased 30 percent of Grower Supply's stock. Schultz records dividends received from Grower Supply as nonoperating income. In 20X5, Grower Supply and Schultz reported operating income (excluding any dividend income or income from subsidiaries) of $112,000 and $50,000 and paid dividends of $70,000 and $30,000, respectively. Required: Compute the amounts reported as consolidated net income and income assigned to the controlling interest for 20X5 under the treasury stock method.
Answers: 3
Business, 22.06.2019 10:20
Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.
Answers: 1
Business, 22.06.2019 11:40
Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.
Answers: 3
Business, 22.06.2019 18:00
*will mark brainliest! * when a company spends resources (labor, money) to give customers "free" items, those costs are called a. investment costs b. economic costs c. scarcity costs d. opportunity costs answer asap!
Answers: 1
Grower Supply Corporation holds 85 percent of Schultz Company's voting common stock. At the end of 2...
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