Consolidations: Elimination Worksheet Scroll down to complete all parts of this task The December 31, current year condensed balance sheets of Pym Corp. and its 90% owned subsidiary, Sy Corp., are presented in the worksheet provided on the second tab above. Additional current year information follows. Pym's investment in Sy was purchased for $1,200,000 cash on January 1 and is accounted for by the equity method. On January 1, Sy's retained earnings amounted to $600,000, and its common stock amounted to $200,000. Sy declared a $1,000 cash dividend in December, payable in January of next year. As of December 31, Pym had not recorded any portion of Sy's net income or dividend declaration for the year. Sy borrowed $100,000 from Pym on June 30, with the note maturing on June 30 of next year at 10% interest. Correct accruals have been recorded by both companies. During the year, Pym sold merchandise to Sy at an aggregate invoice price of $300,000, which included a profit of $60,000. On December 31, Sy had not paid Pym for $90,000 of these purchases and 5% of the total merchandise purchased from Pym still remained in Sy's inventory. Pym's excess cost over book value of Pym's investment in Sy has appropriately been identified as goodwill

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After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths