Business, 25.11.2020 21:20 natnat55

James Company acquired 85 percent of Mark-Right Company on April 1. On its December 31 consolidated income statement, how should James account for Mark-Right’s revenues and expenses that occurred before April 1?A. Include 100% of Mark-Right’s revenues and expenses and deduct the pre-acquisition portion as non-controlling interest in net income. B. Exclude 100% of the pre-acquisition revenues and 100% of the pre-acquisition expenses from their respective consolidated totals. C. Exclude 15% of the pre-acquisition revenues and 15% of the preacquisition expenses from consolidated expenses. D. Deduct 15% of the net combined revenues and expenses relating to the pre-acquisition period from consolidated net income.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 07:30

Hours to produce one unit worker hours to produce yarn country a 8 hours country b 4 hours worker hours to produce fabric counrty a 12 hours country b 13 hours additional worker hours to produce fabric instead of yarn country a ? country b? which of the follow is true of the trade relationship between country a and country b? country a has an absolute advantage in producing yarn and fabric country b has an absolute advantage in producing yarn and fabric country b has a comparative advantage to country a in producing fabric country a has a comparative advantage to country b in producing fabric

Answers: 2

Answer

Business, 22.06.2019 11:40

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?

Answers: 2

Answer

Business, 22.06.2019 17:30

An essential element of being receptive to messages is to have an open mind true or false

Answers: 2

Answer

Business, 22.06.2019 22:40

Effective capacity is the: a. capacity a firm expects to achieve given the current operating constraints.b. minimum usable capacity of a particular facility.c. sum of all the organization's inputs.d. average output that can be achieved under ideal conditions.e. maximum output of a system in a given period.

Answers: 1

Answer

You know the right answer?

James Company acquired 85 percent of Mark-Right Company on April 1. On its December 31 consolidated...

Questions