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Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wck domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/forge/wikicram.com/wp-includes/functions.php on line 6121 On January 1, 2020, Barber Corp. paid $1,160,000 to acquire… | Wiki CramSkip to main navigationSkip to main contentSkip to footer
On January 1, 2020, Barber Corp. paid $1,160,000 to acquire…
On January 1, 2020, Barber Corp. paid $1,160,000 to acquire Thompson Co. Thompson maintained separate incorporation. Barber used the equity method to account for the investment. The following information is available for Thompson’s assets, liabilities, and stockholders’ equity accounts on January 1, 2020: Book Value Fair Value Current assets $ 130,000 $ 130,000 Land 75,000 193,000 Building (twenty year life) 250,000 276,000 Equipment (ten year life) 540,000 518,000 Current liabilities 26,000 26,000 Long-term liabilities 124,000 124,000 Common stock 233,000 Additional paid-in capital 389,000 Retained earnings 223,000 Thompson earned net income for 2020 of $134,000 and paid dividends of $51,000 during the year.In Barber’s accounting records, what amount would appear on December 31, 2020 for equity in subsidiary earnings? A) $83,000. B) $133,100. C) $134,000. D) $134,900. E) $185,000.
On January 1, 2020, Barber Corp. paid $1,160,000 to acquire…
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On Jаnuаry 1, 2020, Bаrber Cоrp. paid $1,160,000 tо acquire Thоmpson Co. Thompson maintained separate incorporation. Barber used the equity method to account for the investment. The following information is available for Thompson’s assets, liabilities, and stockholders' equity accounts on January 1, 2020: Book Value Fair Value Current assets $ 130,000 $ 130,000 Land 75,000 193,000 Building (twenty year life) 250,000 276,000 Equipment (ten year life) 540,000 518,000 Current liabilities 26,000 26,000 Long-term liabilities 124,000 124,000 Common stock 233,000 Additional paid-in capital 389,000 Retained earnings 223,000 Thompson earned net income for 2020 of $134,000 and paid dividends of $51,000 during the year.In Barber's accounting records, what amount would appear on December 31, 2020 for equity in subsidiary earnings? A) $83,000. B) $133,100. C) $134,000. D) $134,900. E) $185,000.
On Jаnuаry 1, 2020, Bаrber Cоrp. paid $1,160,000 tо acquire Thоmpson Co. Thompson maintained separate incorporation. Barber used the equity method to account for the investment. The following information is available for Thompson’s assets, liabilities, and stockholders' equity accounts on January 1, 2020: Book Value Fair Value Current assets $ 130,000 $ 130,000 Land 75,000 193,000 Building (twenty year life) 250,000 276,000 Equipment (ten year life) 540,000 518,000 Current liabilities 26,000 26,000 Long-term liabilities 124,000 124,000 Common stock 233,000 Additional paid-in capital 389,000 Retained earnings 223,000 Thompson earned net income for 2020 of $134,000 and paid dividends of $51,000 during the year.In Barber's accounting records, what amount would appear on December 31, 2020 for equity in subsidiary earnings? A) $83,000. B) $133,100. C) $134,000. D) $134,900. E) $185,000.
On Jаnuаry 1, 2020, Bаrber Cоrp. paid $1,160,000 tо acquire Thоmpson Co. Thompson maintained separate incorporation. Barber used the equity method to account for the investment. The following information is available for Thompson’s assets, liabilities, and stockholders' equity accounts on January 1, 2020: Book Value Fair Value Current assets $ 130,000 $ 130,000 Land 75,000 193,000 Building (twenty year life) 250,000 276,000 Equipment (ten year life) 540,000 518,000 Current liabilities 26,000 26,000 Long-term liabilities 124,000 124,000 Common stock 233,000 Additional paid-in capital 389,000 Retained earnings 223,000 Thompson earned net income for 2020 of $134,000 and paid dividends of $51,000 during the year.In Barber's accounting records, what amount would appear on December 31, 2020 for equity in subsidiary earnings? A) $83,000. B) $133,100. C) $134,000. D) $134,900. E) $185,000.
On Jаnuаry 1, 2020, Bаrber Cоrp. paid $1,160,000 tо acquire Thоmpson Co. Thompson maintained separate incorporation. Barber used the equity method to account for the investment. The following information is available for Thompson’s assets, liabilities, and stockholders' equity accounts on January 1, 2020: Book Value Fair Value Current assets $ 130,000 $ 130,000 Land 75,000 193,000 Building (twenty year life) 250,000 276,000 Equipment (ten year life) 540,000 518,000 Current liabilities 26,000 26,000 Long-term liabilities 124,000 124,000 Common stock 233,000 Additional paid-in capital 389,000 Retained earnings 223,000 Thompson earned net income for 2020 of $134,000 and paid dividends of $51,000 during the year.In Barber's accounting records, what amount would appear on December 31, 2020 for equity in subsidiary earnings? A) $83,000. B) $133,100. C) $134,000. D) $134,900. E) $185,000.
On Jаnuаry 1, 2020, Bаrber Cоrp. paid $1,160,000 tо acquire Thоmpson Co. Thompson maintained separate incorporation. Barber used the equity method to account for the investment. The following information is available for Thompson’s assets, liabilities, and stockholders' equity accounts on January 1, 2020: Book Value Fair Value Current assets $ 130,000 $ 130,000 Land 75,000 193,000 Building (twenty year life) 250,000 276,000 Equipment (ten year life) 540,000 518,000 Current liabilities 26,000 26,000 Long-term liabilities 124,000 124,000 Common stock 233,000 Additional paid-in capital 389,000 Retained earnings 223,000 Thompson earned net income for 2020 of $134,000 and paid dividends of $51,000 during the year.In Barber's accounting records, what amount would appear on December 31, 2020 for equity in subsidiary earnings? A) $83,000. B) $133,100. C) $134,000. D) $134,900. E) $185,000.
On Jаnuаry 1, 2020, Bаrber Cоrp. paid $1,160,000 tо acquire Thоmpson Co. Thompson maintained separate incorporation. Barber used the equity method to account for the investment. The following information is available for Thompson’s assets, liabilities, and stockholders' equity accounts on January 1, 2020: Book Value Fair Value Current assets $ 130,000 $ 130,000 Land 75,000 193,000 Building (twenty year life) 250,000 276,000 Equipment (ten year life) 540,000 518,000 Current liabilities 26,000 26,000 Long-term liabilities 124,000 124,000 Common stock 233,000 Additional paid-in capital 389,000 Retained earnings 223,000 Thompson earned net income for 2020 of $134,000 and paid dividends of $51,000 during the year.In Barber's accounting records, what amount would appear on December 31, 2020 for equity in subsidiary earnings? A) $83,000. B) $133,100. C) $134,000. D) $134,900. E) $185,000.
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