Bassett Inc. acquired all of the outstanding common stock of Brinkman Corp. on January 1, 2019, for $422,000. Equipment with a ten-year life was undervalued on Brinkman’s financial records by $48,000. Brinkman also owned an unrecorded customer list with an assessed fair value of $71,000 and an estimated remaining life of five years.Brinkman earned reported net income of $185,000 in 2019 and $226,000 in 2020. Dividends of $75,000 were paid in each of these two years. Selected account balances as of December 31, 2021, for the two companies follow. Bassett Brinkman Revenues $ 1,120,000 $ 860,000 Expenses 500,000 600,000 Investment income Not given 0 Retained earnings, 1/1/21 850,000 650,000 Dividends paid 132,000 80,000 If the partial equity method had been applied, what was 2021 consolidated net income? A) $260,000. B) $620,000. C) $861,000. D) $880,000. E) $1,291,000.
This vertebra has a specific name. Name it. _______
This vertebra has a specific name. Name it. _______
A client sustained a head injury when falling off of a ladde…
A client sustained a head injury when falling off of a ladder. While in the hospital, the client begins voiding large amounts of clear urine and states he is very thirsty. The clinet states that he feels weak and has had an 8 lb weight loss since admission. What should the client be tested for?
Which finding would the nurse expect to be documented in the…
Which finding would the nurse expect to be documented in the client’s record who has a detached retina?
Gale Co. was formed on January 1, 2021 as a wholly owned for…
Gale Co. was formed on January 1, 2021 as a wholly owned foreign subsidiary of a U.S. corporation. Gale’s functional currency was the stickle (§). The following transactions and events occurred during 2021: Jan. 1 Gale issued common stock for §2,000,000.June 30 Gale paid dividends of §50,000.Dec. 31 Gale reported net income of §120,000 for the year. Exchange rates for 2021 were: Jan. 1 $ 1 = § 0.50June 30 $ 1 = § 0.47Dec. 31 $ 1 = § 0.44Weighted average rate for the year $ 1 = § 0.46 What was the amount of the translation adjustment for 2021? A) $121,500 increase in relative value of net assets. B) $121,500 decrease in relative value of net assets. C) $62,000 decrease in relative value of net assets. D) $62,000 increase in relative value of net assets. E) $58,500 increase in relative value of net assets.
A nurse caring for a client who underwent surgical repair of…
A nurse caring for a client who underwent surgical repair of a detached retina in the right eye. Which nursing interventions should the nurse perform? Select all that apply.
A nurse is collecting data from a client who has acute pancr…
A nurse is collecting data from a client who has acute pancreatitis. Which of the following finding is the priority to report?
Name the specific substance that the pointer is pointing to….
Name the specific substance that the pointer is pointing to. _______
Under the temporal method, which accounts are remeasured usi…
Under the temporal method, which accounts are remeasured using current exchange rates?
Name this bone. _______ Is this a left or right? _______
Name this bone. _______ Is this a left or right? _______