Playoff Corporation acquired 80 percent ownership of Squire Corporation on January 1, 2019, for $200,000. At that date, Squire reported common stock outstanding of $75,000 and retained earnings of $150,000. The fair value of the noncontrolling interest was $50,000. The differential is assigned to equipment, which had a fair value $25,000 greater than book value and a remaining economic life of five years at the date of the business combination. Squire reported net income of $40,000 and paid dividends of $20,000 in 2019. Part 1 Provide the journal entries recorded by Playoff during 2019 on its books if it accounts for its investment in Squire using the equity method. Part 2 Prepare the eliminating entries needed at December 31, 2019, to generate consolidated financial statements. Part 3 What should be the balance of Non-controlling Interest in Net Assets as of December 31, 2019 on the Consolidated Balance Sheet

Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)

Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing

Suppose a jury of 12 people is chosen from the above pool, and this jury hears a case and discusses the verdict; x is the number who think the defendant is guilty.