On January 1, 2016, Pulte sold a building to its wholly-owned
subsidiary, Scott, for $2,614,000. On...
On January 1, 2016, Pulte sold a building to its wholly-owned
subsidiary, Scott, for $2,614,000. On that date, Pulte carried the
building on its books at an original cost of $840,000 and
accumulated depreciation of $257,000. Pulte had estimated 5 years
total useful life for the building, and was depreciating it on a
straight-line basis with $198,000 estimated salvage value. What net
book value for this building should be reported on Pulte's
consolidated balance sheet as of 12/31/2016?
On January 1, 2016, Pulte sold a building to its wholly owned
subsidiary, Scott, for $2,114,104....
On January 1, 2016, Pulte sold a building to its wholly owned
subsidiary, Scott, for $2,114,104. On that date, Pulte carried the
building on its books at an original cost of $879,661 and
accumulated depreciation of $259,196. Pulte had estimated 6 years
total useful life for the building, and was depreciating it on a
straight-line basis with $190,785 estimated salvage value.
What net book value for this building should be reported on
Pulte's consolidated balance sheet as of 12/31/2016?
On January 1, Poe Corp. sold a machine for $4,369,577 to Saxe
Corp., its wholly-owned subsidiary....
On January 1, Poe Corp. sold a machine for $4,369,577 to Saxe
Corp., its wholly-owned subsidiary. Poe paid $1.1 million for this
machine, which had accumulated depreciation of $250,000 on the sale
date. Poe estimated a $100,000 salvage value and depreciated the
machine on the straight-line basis over 20 years, a policy that
Saxe continued. In Poe's December 31 consolidated balance sheet,
the accumulated depreciation of this machine should be shown on the
consolidated balance sheet as:
On April 1, 2020, Republic Company sold equipment to its wholly
owned subsidiary, Barre Corporation, for...
On April 1, 2020, Republic Company sold equipment to its wholly
owned subsidiary, Barre Corporation, for $40,000. At the time of
the transfer, the asset had an original cost (to Republic) of
$60,000 and accumulated depreciation of $25,000. The equipment has
a five year estimated remaining life. Barre reported net income of
$250,000, $270,000 and $310,000 in 2020, 2021, and 2022,
respectively. Republic received dividends from Barre of $90,000,
$105,000 and $120,000 for 2020, 2021, and 2022, respectively.
Assume Republic...
On April 1, 2020, Republic Company sold equipment to its wholly
owned subsidiary, Barre Corporation, for...
On April 1, 2020, Republic Company sold equipment to its wholly
owned subsidiary, Barre Corporation, for $40,000. At the time of
the transfer, the asset had an original cost (to Republic) of
$60,000 and accumulated depreciation of $25,000. The equipment has
a five year estimated remaining life.Barre reported net income of
$250,000, $270,000 and $310,000 in 2020, 2021, and 2022,
respectively. Republic received dividends from Barre of $90,000,
$105,000 and $120,000 for 2020, 2021, and 2022, respectively.
17. What...
On April 1, 2020, Republic Company sold equipment to its wholly
owned subsidiary, Barre Corporation, for...
On April 1, 2020, Republic Company sold equipment to its wholly
owned subsidiary, Barre Corporation, for $40,000. At the time of
the transfer, the asset had an original cost (to Republic) of
$60,000 and accumulated depreciation of $25,000. The equipment has
a five year estimated remaining life. Barre reported net income of
$250,000, $270,000 and $310,000 in 2020, 2021, and 2022,
respectively. Republic received dividends from Barre of $90,000,
$105,000 and $120,000 for 2020, 2021, and 2022, respectively.
17. What...
(a) Jessica Ltd sold inventory during the current period to its
wholly owned subsidiary, Amelie Ltd,...
(a) Jessica Ltd sold inventory during the current period to its
wholly owned subsidiary, Amelie Ltd, for $15 000. These items
previously cost Jessica Ltd $12 000. Amelie Ltd subsequently sold
half the items to Ningbo Ltd for $8000. The tax rate is 30%. The
group accountant for Jessica Ltd, Li Chen, maintains that the
appropriate consolidation adjustment entries are as follows:
Required (i) Discuss whether the entries suggested by Li Chen are
correct, explaining on a line-by-line basis the...
Yeah, Science!
Pinkman Inc. (“Pinkman”) is a wholly owned subsidiary of an SEC
registrant. Pinkman has...
Yeah, Science!
Pinkman Inc. (“Pinkman”) is a wholly owned subsidiary of an SEC
registrant. Pinkman has a contract (the “Contract”) with the
Heisenberg Institute (“Heisenberg”), which is a privately funded
research institute with the stated mission of developing a cure for
narcolepsy and other wide-spread sleep disorders.
Under the Contract (which has a term of ten years), Pinkman
serves as the administrator of the “Lab,” which is a multiple-unit
campus consisting of recreational vehicles that Heisenberg uses to
conduct research....
Delta airlines case study
Global strategy. Describe the current global
strategy and provide evidence about how...
Delta airlines case study
Global strategy. Describe the current global
strategy and provide evidence about how the firms resources
incompetencies support the given pressures regarding costs and
local responsiveness. Describe entry modes have they usually used,
and whether they are appropriate for the given strategy. Any key
issues in their global strategy?
casestudy:
Atlanta, June 17, 2014. Sea of Delta employees and their
families swarmed between food trucks, amusement park booths, and
entertainment venues that were scattered throughout what would...