subject
Business, 15.08.2020 16:01 Esmer1030

On December 31, 2017, PanTech Company invests $37,000 in SoftPlus, a variable interest entity. In contractual agreements completed on that date, PanTech established itself as the primary beneficiary of SoftPlus. Previously, PanTech had no equity interest in SoftPlus. Immediately after PanTech’s investment, SoftPlus presents the following balance sheet: Cash $ 37,000 Long-term debt $ 222,000
Marketing software 259,000 Noncontrolling interest 111,000
Computer equipment 74,000 PanTech equity interest 37,000
Total assets $ 370,000 Total liabilities and equity $ 370,000
Each of the above amounts represents an assessed fair value at December 31, 2017, except for the marketing software.
Accordingly the December 31 fair value of SoftPlus is assessed at $148,000.
If the marketing software was undervalued by $37,000, what amounts for SoftPlus would appear in PanTech's December 31, 2017, consolidated financial statements?
If the marketing software was overvalued by $37,000, what amounts for SoftPlus would appear in PanTech's December 31, 2017, consolidated financial statements?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. b. the federal reserve bank acts as an insurance company that pays customers if their bank fails. c. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. d. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. 2b2t
Answers: 2
question
Business, 21.06.2019 23:30
Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below
Answers: 1
question
Business, 22.06.2019 12:30
Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer
Answers: 3
question
Business, 23.06.2019 00:00
According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.
Answers: 2
You know the right answer?
On December 31, 2017, PanTech Company invests $37,000 in SoftPlus, a variable interest entity. In co...
Questions
question
Mathematics, 10.12.2020 23:40
question
Mathematics, 10.12.2020 23:40
question
Mathematics, 10.12.2020 23:40
question
Chemistry, 10.12.2020 23:40
Questions on the website: 13722363