The summarized balance sheets of Blossom Company and Nash Company as of December 31, 2021 are as follows:

Blossom Company Balance Sheet December 31, 2021
Assets $1750000
Liabilities $170000
Capital stock 875000
Retained earnings 705000
Total equities $1750000

Nash Company Balance Sheet December 31, 2021

Assets $1280000
Liabilities $280000
Capital stock 890000
Retained earnings 110000
Total equities $1280000

If Blossom Company acquired a 20% interest in Nash Company on December 31, 2021 for $300000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments (Nash) would have been:__________

a. $300000.
b. $200000.
c. $256000.
d. $178000.

Answers

Answer 1

Answer:

The amount of the debit to Equity Investments (Nash) would have been:__________

 

b. $200,000.

Explanation:

a) Data and Calculations:

Blossom Company Balance Sheet December 31, 2021

Assets $1750000

Liabilities $170000

Capital stock 875000

Retained earnings 705000

Total equities $1750000

Nash Company Balance Sheet December 31, 2021

Assets $1280000

Liabilities $280000

Capital stock 890000

Retained earnings 110000

Total equities $1280000

Nash's net assets = $1,000,000 ($1,280,000 - $280,000)

Equity investment = 20% of $1,000,000 = $200,000

Goodwill on acquisition = $100,000 ($300,000 - $200,000)


Related Questions

Trey is the manager of a sales team in a corporation. If his team members are able to meet their daily targets regularly, they get an extra day off every month. However, if they fail to do so, Trey makes them work extra hours every week. In this scenario, Trey is using _____.

A. concertive control

B. bureaucratic control

C. adaptive control

D. normative control

Answers

The control used by Trey when he want employee to work extra hours every week is they failed to meet target is known as bureaucratic control.

The bureaucratic control refer to a form of control which is base on formal system of rules, roles, records, rewards etc

Typically, an organization uses the bureaucratic control to influence, monitor and assess its employee performance.

Hence, the control used by Trey when he want employee to work extra hours every week is they failed to meet target is known as bureaucratic control.

Therefore, the Option B is correct.

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which of the following describes a federal student loan? a funds provided by a private business that do not need to be paid back b funds provided by credit unions that must be paid back c funds provided by government that do not need to be paid back d funds provided by the government that must be paid back​

Answers

Answer:

d

Explanation:

Plain and simple:)

mark brainliest? :)

Discussion Topic
Think of an unanticipated major expense that you might face in the next five years.
Discuss how you will ensure that it does not devastate you financially.

Answers

Answer:

An unanticipated major expense that might happen in the next five years would be my car breaks down. I can ensure this inconvenience does not devastate me financially by starting a savings account. Starting a savings account can and will help me in times of need. I can't access the money unless if I really need it.  

Explanation:

the Answer:

Examples are groceries, the electric bill, fuel bills, taxes and insurance to mention a few. Unexpected expenses are those expenses you did not see coming. An example would be going for the inspection of your car and not passing because there is something that must be repaired.

Explanation:

At a new client meeting, the outside CPA learns the following:
1. The recently fired bookkeeper has been discovered as embezzling over $100,000, but the full amount is not yet quantified. The tax preparer was related to the bookkeeper.
2. There is a foreign entity (China) company and the books and records are not translated. It is unclear as to whether it is owned by the owner or the corporation.
3. The staffing is light and the human resources person is doing the billing and the payroll. There are no management concerns with this person.
4. There is a $1 million line of credit for the company with a major bank.
5. The company uses an add-on to QuickBooks for the time and billing (services company) and QuickBooks for the general ledger.
6. The reimbursement policy is nonconforming to the IRS rules.
7. There are three unrelated owners that are all engineers by training.
As an Outside CPA/Auditor:
I. As the outside CPA, what ethical obligations to you have to the professional for taking an assignment like this? Specifically, what type of work is possible?
II. What threats are posed to the outside CPA?
III. What safeguards can be applied at the outside CPA level?
IV. How should the China business be dealt with?
V. What obligations do you have for the potential tax issues? How would you document or discuss these issues?
As the newly hired CPA/controller for the same company above:
I. If you work to work for the company as the CPA controller, what threats do you see on the onset?
II. What safeguards can you put in place?
III. How would you handle the remaining staff?
IV. If the human resources staff has been working well at the job, then what is the harm of letting the payroll remain with HR?
V. What would you insist be in your employment agreement?

Answers

Answer:

I am a teacher at Ohio college and when I looked at the question I looked like the answer would be 60

Explanation:

I would explain But I want to see if you can figure out why 60 is the answer

Rich and Lucy were married for 52 years. Rich died on May 9, 2020. Lucy has no dependents, and she did not remarry. The correct and most favorable filing status for Lucy's 2020 return is: Married filing jointly. Married filing separately. Single. Qualifying widow.

Answers

Based on the year that Rich died and the year that Lucy is filing her taxes, the most favorable filing status is Married filing jointly.

Current tax laws are such that if a person loses a spouse in a certain year and does not remarry in that year, they can file in a joint manner with their now late spouse.

Rich died in 2020 and Lucy did not remarry. Lucy's 2020 returns can therefore be filed as a joint filing with Rich even though he is no longer alive.

In conclusion, the correct answer is option A.

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Ava School of Learning obtained a charter at the start of the year that authorized 50,000 shares of no-par common stock and 20,000 shares of preferred stock, par value $10. During the year, the following selected transactions occurred:

a. Collected $42 cash per share from four individuals and issued 5,200 shares of common stock to each.
b. Issued 6,200 shares of common stock to an outside investor at $42 cash per share.
c. Issued 8,200 shares of preferred stock at $22 cash per share.

Required:
Prepare the journal entries indicated for each of these transactions.

Answers

Answer:

plan c

Explanation:

I just guessed !!!! thanks for the points though

Answer:

plan c

Explanation:

my answer it coudn't be

IRAC Briefing
BURNETT v. PURTELL
Who were the plaintiff and defendant? Were they merchants?
Describe the sales transaction.
Was there tender of delivery of the goods? Why is this issue important to the outcome of the case?
Who bore the risk of loss when the goods were destroyed?

Answers

no se inglés y tampoco se la respuesta si no si te la hubiera dicho

Temporary Aid to Needy Families (TANF) a. A welfare program that replaced AFDC in 1996. It introduced a new education requirement that was designed to push welfare recipients into special college and GED programs. b. A welfare program that replaced Social Security in 1965. It introduced a work requirement that was designed to push welfare recipients into the low wage labor market. c. None of the other answers. d. A welfare program that replaced AFDC in 1996. It eliminated the New Deal era work requirement that many people believed was designed to effectively re-enslave African Americans. e. A welfare program that replaced AFDC in 1965. It introduced a work requirement that was designed to push welfare recipients into the low wage workforce.

Answers

Explanation:

D: A welfare program that replaced AFDC in 1996. It eliminated the New Deal era work requirement that many people believed was designed to effectively re-enslave African Americans

I need a Christmas present for a 40-year-old man a 32-year-old woman a 9-year-old girl a 12-year-old girl and a 4-year-old boy

Answers

What is the question??

10 roles of insurance in a business

Answers

Considering the benefits and importance of insurance, the ten roles of insurance in a business include "security and safety."

The other roles of insurance in a business are:Mitigation of riskProvision of insurance service by the insurance company Protection from unexpected lossesEase of getting loansProvision of social cooperationIt enhances saving habitsIt aids some contracts that require it.There are tax benefits.Promotion of trades and industry, etc.

Hence, in this case, it is concluded that insurance plays various roles in business.

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Prepare journal entries to record the following under
(a) the direct write-off method and
(b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $2,000 from Joey Company. May 21 Sal Company unexpectedly receives payment of $2,000 cash from Joey Company toward its previously written-off account. Sal records recovery of this bad debt.

Answers

The  journal entries to record the direct write-off method and  the allowance method are:

Journal entries

a. May 3

Debit Bad debt $2,000

Credit Account receivable- Joey Company $2,000

b. May 21

Debit  Accounts Receivable—Joey Company $2,000

Credit Allowance for Doubtful Accounts $2,000

Debit Cash $2,000

Credit  Accounts Receivable—Joey Company $2,000

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Each week, Namratha updates an online newsletter to share information about interesting topics related to the company. All company employees have access to the newsletter site. This is an example of _______ communication.

Answers

The type of communication which Namratha is using when sharing an online newsletter among employees is:

Internal communication

According to the given question, we are asked to state the type of communication which Namratha is using when sharing an online newsletter among employees.

As a result of this, we can see that because Namratha shares an online newsletter about the company and all the company employees has access to this, then this is an example of an internal communication because it shares the information with people in the office.

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Identify the function in the organisation you have chosen​

Answers

Answer:

Determination of activities,

Grouping of activities,

Allotment of duties to specified persons,

Delegation of authority,

Defining relationships, and.

The co-ordination of various activities.

The higher the risk associated with a bond, the _______ (more/less) likely a corporation might be to pay an investor back. Interest rates for riskier bonds tend to be ______ (higher/lower) so that investors are ______ (more/less) willing to invest.
BONUS: A riskier bond usually comes from a corporation that has a ______ (low/high) credit rating.

Answers

Less, higher, less. Sorry if I’m wrong!!

A remotely located air sampling station can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $15,000 to install and will have a useful life of 4 years with no salvage value. Annual costs for inspection, cleaning, etc. are expected to be $1,500. A new power line will cost $13,000 to install, with power costs expected to be $1,200 per year. Since the air sampling project will end in 4 years, the salvage value of the line is considered to be zero. At an interest rate of 14% per year, which alternative should be selected on the basis of a future worth analysis?

Answers

Answer:

Since the total future worth of running an electric line of $19,353.42 is less than the total future worth of solar cells is $24,132.22, it will be cheaper to run an electric line than to use solar cells. So running an electric line should be the answer.

Suppose you deposit $1,000 in a bank and the reserve requirement is 0.25. If the banking system has zero excess reserves, then the total amount of money that can be created is

Answers

the additional money created is 0.25 x $1000 = $250 so add that to the deposit: $1000 + $250 =$1250 created

According to the Money Multiplier theory, the central bank can change the supply of money to the economy by changing the reserve requirements.

What do you mean by Money Multiplier?

The total amount of money in a commercial bank is created, in general, the number of stocks multiplied by a set amount of central bank money (multiplier).

If banks do not have excess deposits, the total withdrawal amount is the same as the repayment deadlines. Theoretically, banks will never have a surplus.

[tex]\rm\,money \; multiplier = 1/ r \\\\ \rm\,money \; multiplier = 1/0.25\\\\ \rm\,money \; multiplier = 4\\\\(r = reserve \;requirement)[/tex]

So, if I know that the multiplier rate is 4, then if the central bank creates the reserve requirement at 0.25 then the amount that will be kept as reserve will be 0.25 multiplied by 1000 which is $250.

Thus, the total amount of money that can be created will be a multiplier multiplied by 1,000 which is 4*1,000 = $4,000.

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Free if I am voted brainiest and like!
Next time will be Moree than 50.... :)

Answers

Answer:

huh?

what?

is this fReEeE?

John's uncle donated a truck to his company, John's Corporation. The truck had an original cost of $95,000, a book value of $40,000, and a fair value of $60,000. The journal entry by John's Corporation to record this donated asset will include a:

a. debit Truck for $95,000 and credit Gain for $35,000.
b. debit Truck for $60,000 and credit Gain for $20,000.
c. debit Truck for $60,000 and credit Gain for $60,000.
d. debit Truck for $95,000 and credit Gain for $95,000.

Answers

Based on the information given the appropriate journal entry  by John's Corporation to record this donated asset will include a: c. debit Truck for $60,000 and credit Gain for $60,000.

Since the truck donated to his corporation has a fair value of the amount of $60,000 which is the worth of the truck (assets) which means that the appropriate journal entry to record the transaction will be:

Debit Truck  $60,000

Credit Gain $60,000

(To record asset donated)

Inconclusion the journal entry  by John's Corporation to record this donated asset will include a: c. debit Truck for $60,000 and credit Gain for $60,000.

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How old does a senator have to be?

Answers

Answer:

Article 58.- To be a senator, the same requirements are required as to be a deputy, except age, which will be 25 years old on the day of the election.

Explanation:

and i'm mexican

to be a senate you have to be at least thirty years old

Help help help help help help help help

Answers

Answer:

Taxes

Explanation:

Answer:

answer is services. C one option

Rational and Normative modes of decision making are used. Then intuition or gut feeling also play a role in this process. How does a manager, making decisions in real life situation, strike a balance between these modes to make quick but right decisions.

Answers

A manager, making decisions in real-life situations, strikes a balance between these ways to make quick but correct decisions based on systemic organizational vision and conceptual skills.

The manager's experience will help him to make decisions using rational and normative ways, and thus analyze what is the best strategy for effective decision making.

Conceptual skills refer to the manager's systemic view, which understands the organization as an integrated system and must involve a set of thoughts, processing and planning to improve the business.

Therefore, decision making must be taken in a rational and normative way according to the context of the situation that requires a decision, and it is up to the manager to use the best tool to make a decision aligned with the company's objectives and goals.

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mini case the great little box company canadian company that manufactures and distributes custom and stock

Answers

The levels of organizational culture that are described are socially coordinated efforts and greater personal satisfaction for everyone.  

From the complete question, the new employees can be socialized by getting involved in the company's social activities such as summer grills, paintball rivalries, etc.

Lastly, the cultural significance of the open-book management technique is that it ensures financial transparency and ensures that employees do their jobs more effectively.

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Choose the action that is supported by egoism, but might seem unethical. a.) Using skills you learned from your former job to get promoted at your new job. b.) Hiring a company to clean your neighbor's lot without their permission so your property value will increase. c.) Lending a friend a copy of a library book while he is in the hospital. d.) Introducing your neighbor to your favorite exercise regimen when he wants to lose weight.

Answers

The action which is supported by egoism, but might seem unethical from the list of available choices is:

b.) Hiring a company to clean your neighbor's lot without their permission so your property value will increase

Egoism has to do with the specific self interest which a person has on himself and does things which serves his benefit.

Ethics on the other hand is doing the right thing, at the right time, in the right circumstance.

With this in mind, the action which is supported by egoism but MIGHT SEEM unethical is hiring a company to clean your neighbor's lot without their permission so your property value will increase

Therefore, the correct answer is option B

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Product DGH has a monthly demand of 5,000 units. Its contribution margin is $18 per unit and $36 per direct labor hour. Product RBG has a monthly demand of 4,000 units. It's contribution margin is $15 per unit and $60 per direct labor hour. If the company only has 1,500 direct labor hours available, the company should produce _______________ units of Product DGH _____________ and units of Product RBG.

Answers

A) 1,000

The remaining 500 hours can be used to make 1,000 units of DGH (36/18 = 2 units per hour X 500 hours left of the 1,500

B) 4,000

RBG has the highest CM per hour and requires 1,000 hours to meet demand. (60/15 = 4) 4,000/4 = 1,000 1,500-1,000 = 500

The annual dividend rates for a random sample of 16 companies in three different industries, utilities, banking, and insurance, were recorded. The ANOVA comparing the mean annual dividend rate among three industries rejected the null hypothesis that the dividend rates were equal. The mean square error (MSE) was 3.36. The following table summarized the results:

Utilities Banking Insurance
Number Sampled 5 5 6
Mean Annual Dividend Rate 11.62 15.4 17.4
Based on the comparison between the mean annual dividend rate for companies in utilities and banking, the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This result indicates that _______.

Multiple Choice

A. the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry

B. the annual dividend rate in the banking industry is significantly less than the annual dividend rate in the utilities industry

C. there is no significant difference between the two rates

D. the interval contains a difference of 5.00

Answers

Based on the information given, the results show that A.The annual dividend rate in the utility industry is significantly less than the annual dividend rate in the banking industry.

A dividend rate simply means a financial ratio that is important as it shows how much a company pays out in dividends every year relative to the stock price of the company.

In this case,  the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This implies that the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry.

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On September 3, 2021, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows:


Robers’ Asset Phifer’s Asset
Original cost $ 190,000 $ 210,000
Accumulated depreciation 111,000 119,000
Fair value 96,000 77,000

To equalize the exchange, Phifer paid Robers $19,000 in cash.

Required:
Record the exchange for both Robers and Phifer. The exchange has commercial substance for both companies.

Answers

Based on the information given the appropriate journal entries to record the exchange for both Robers and Phifer are:

Robers entries

Debit Equipment (new) $77,000  

Debit Accumulated Depreciation $111 000  

Debit Cash $19,000  

Credit Equipment  $190,000

Credit Gain on Sale $17,000

($77,000+$111,000+$19,000-$190,000)

Phifer's entries

Debit Equipment(new) $96,000  

Debit Accumulated depreciation $119,000  

Debit Loss on Sale $14,000

($210,000+$19,000-$96,000-$119,000)

Credit Equipment  $210,000

Credit Cash  $19,000

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If a seller can create switching costs for its product, then: ________________

a. customers will find it more costly to stay with the company than to switch to another seller.
b. it increases its costs by producing several versions of the product so customers can switch between versions.
c. it is difficult or costly for the seller to switch to producing a different product.
d. it is difficult or costly for customers to switch to another seller of the product.

Answers

It should be noted that if a seller can create switching costs for its product, in this case, B:it increases its costs by producing several versions of the product so customers can switch between versions.

Switching costs can be regarded as the costs that is been paid by a consumer due to switching of a brands or products.

Switching costs may comes in term of  monetary as well as effort-based cost.

We can conclude that if a seller can successfully create switching costs as regards her product, then it results to more gains.

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Which medium (or media) do you think would be appropriate for each of the following kinds of messages that an employee could receive from a boss: (a) a raise, (b) not receiving a promotion, (c) an error in a report prepared by the employee, (d) additional job responsibilities, and (e) the schedule for company holidays for the upcoming year

Answers

4 scores and seven years ago our founding fathers so on and so fourth the answer is b 69

What might cause a demand curve to shift to the right?

A. A decrease in the product's own price
B. An increase in the price of a complement
C. A decrease in the price of a substitute
D. An increase in the price of a substitute

Answers

Answer:

D. An increase in the price of a substitute

Explanation:

Law of Demand

The law of demand states that as the price of a product of good rises, the quantity demanded for that good or product falls; conversely, if the price of a product or good falls, then the quantity demanded for that good rises.

Given the inverse relationship between the price of a good and the quantity demanded for that good, then its graph will show a downward-sloping demand curve.  

A change in demand represents the leftward- or rightward-shift of the entire demand curve. This may be caused by the following factors:

Changes in the income of buyersChanges in consumers' preferences, A change in the price of related goods (substitutes and complements), Number of buyers within a market, and The buyers' expectation on the future prices of goods.  

Types of Related Goods:

Substitutes: two similar goods that fulfill about the same needs or wants of the buyers.

Examples of substitute goods:  Coca-Cola and Pepsi, butter and margarine.  

Complements: these are two goods that are consumed together. When the price of one good goes up, the demand for the complement good declines.

Examples of complements: Tennis racket and tennis ball, ink cartridge and printers.

Answer:Substitute goods:

If the price of one good rises, then the buyers will demand more of the substitute good with a lower price. This causes a rightward-shift on the demand curve of that substitute good.      

This description matches Option D:  an increase in the price of a substitute.

Paul Scott has a 2014 Cadillac that he wants to update with a satellite-based emergency response system so that he will have access to roadside assistance should he need it. Adding this feature to his car requires a flat fee of $500, and the service provider requires monthly charges of $20. In his line of work as a traveling salesperson, he estimates that this device can save him time and money, about $35 per month. He plans to keep the car for another 3 years.

Required:
a. Calculate the breakeven point for the device in months.
b. Based on a, should Paul have the GPS system installed in his car?

Answers

Answer to part A:

Cost incurred = $500

Monthly Charges = $20

Savings per month = $35

Net Savings = $35 - $20 = $15

Breakeven point for the device in months

= Point where there is no profit or loss

= Number of months required to get the investment back

= Investment / Net Savings per month

= $500 / $15

= 33.33 months

Answer to Part B:

As the investor wants to keep the GPS system for 3 years,

Profit = (36 months - 33.33 months) * net savings

= 2.67 * $15

= $ 40

As the investor is able to earn profits from GPS system, he should install it in his car.
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