On January 3, 2020, Baxter, Inc. acquired 40% of the outstanding common stock of Anchor Co. for $2,800,000. This investment gave Baxter the ability to exercise significant influence over Anchor. Anchor’s assets on that date were recorded at $11,700,000 with liabilities of $4,700,000. There were no other differences between book and fair values.During 2020, Anchor reported net income of $600,000. For 2021, Anchor reported net income of $900,000. Dividends of $350,000 were paid in each of these two years.How much income did Baxter report from Anchor for 2020?
A physician prescribes I. V. NS solution to be infused at a…
A physician prescribes I. V. NS solution to be infused at a rate of 150mL/hour for a client. How many liter(s) of solution will the client receive during an 8-hour shift?
Jackson Company acquires 100% of the stock of Clark Corporat…
Jackson Company acquires 100% of the stock of Clark Corporation on January 1, 2020, for $4,100 cash. As of that date Clark has the following trial balance: Debit Credit Cash $ 500 Accounts receivable 600 Inventory 900 Buildings (net) (5 year life) 1,600 Equipment (net) (2 year life) 1,000 Land 900 Accounts payable $ 400 Long-term liabilities (due 12/31/22) 1,900 Common stock 1,000 Additional paid-in capital 700 Retained earnings 1,500 Total $ 5,500 $ 5,500 Net income and dividends reported by Clark for 2020 and 2021 follow: 2020 2021 Net income $ 120 $ 140 Dividends 40 50 The fair value of Clark’s net assets that differ from their book values are listed below: Fair Value Buildings $ 1,200 Equipment 1,350 Land 1,300 Long-term liabilities 1,750 Any excess of consideration transferred over fair value of net assets acquired is considered goodwill with an indefinite life. Compute the amount of Clark’s equipment that would be reported in a December 31, 2020, consolidated balance sheet. A) $825. B) $1,000. C) $1,175. D) $1,350. E) $1,525.
Name this specific portion of the previously named mature, a…
Name this specific portion of the previously named mature, adult bone: _______ .
What is the major attractive force in C2H6?
What is the major attractive force in C2H6?
A 70 year old female client is admitted to the unit with enl…
A 70 year old female client is admitted to the unit with enlargement of thyroid gland, hypertension, high TSH levels, and bulging eyes. What nursing intervention is most appropriate?
On January 1, 2021, the Moody Company entered into a transac…
On January 1, 2021, the Moody Company entered into a transaction for 100% of the outstanding common stock of Osorio Company. To acquire these shares, Moody issued $400 in long-term liabilities and also issued 40 shares of common stock having a par value of $1 per share but a fair value of $10 per share. Moody paid $20 to lawyers, accountants, and brokers for assistance in bringing about this acquisition. Another $15 was paid in connection with stock issuance costs. Prior to these transactions, the balance sheets for the two companies were as follows: Moody Osorio Cash $ 180 $ 40 Receivables 810 180 Inventories 1,080 280 Land 600 360 Buildings (net) 1,260 440 Equipment (net) 480 100 Accounts payable (450 ) (80 ) Long-term liabilities (1,290 ) (400 ) Common stock ($1 par) (330 ) Common stock ($20 par) (240 ) Additional paid-in capital (1,080 ) (340 ) Retained earnings (1,260 ) (340 ) Note: Parentheses indicate a credit balance.In Moody’s appraisal of Osorio, three assets were deemed to be undervalued on the subsidiary’s books: Inventory by $10, Land by $40, and Buildings by $60.If Osorio retains a separate corporate existence, what amount was recorded as the investment in Osorio? A) $400. B) $440. C) $800. D) $820. E) $835.
Name the specific portion of the knee that the bamboo pointe…
Name the specific portion of the knee that the bamboo pointer is pointing to: _______
Name the specific area of the previously named bone that the…
Name the specific area of the previously named bone that the black arrows are pointing to: _______
The nurse is providing instructions to a client who will be…
The nurse is providing instructions to a client who will be self-administering eye drops. To minimize the systemic effect that eye drops can produce, the client is instructed to: