Entries by Hannah Wangui

I am looking for help completing a problem called “Consolidation of partially-owned subsidiary at book-value” and it is using the equity method

August 13, 2019 in /by

I am looking for help completing a problem called “Consolidation of partially-owned subsidiary at book-value” and it is using the equity method   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

On January 1, 2017, ML Company acquired a parcel of real estate that included land and a building for a negotiated price of $2,290,000. Before purchasing the property, ML paid $30,000 for an appraisal that estimated the fair value of the land to be $756,000 and the building to be $1,944,000. In addition, LM incurred closing costs of $180,000 to complete the transfer of the property and the purchase was financed through a 20 year mortgage note payable with an interest rate of 4%.. Two days after completion of the transfer ML had a water leak in the building that caused $75,000 worth of damage to the building which was repaired. Required: Assuming ML occupies the building, determine the acquisition cost that would be capitalized to the land and building accounts. Please show all work. Thank you

August 13, 2019 in /by

On January 1, 2017, ML Company acquired a parcel of real estate that included land and a building for a negotiated price of $2,290,000. Before purchasing the property, ML paid $30,000 for an appraisal that estimated the fair value of the land to be $756,000 and the building to be $1,944,000. In addition, LM incurred closing costs […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Question Our company manufactures and sells calculators for $80 each. A major University has offered us $55 per calculator for a one-time order of 500 calculators. Our costs to manufacture a calculator include: direct materials, $25 per unit; direct labor, $20 per unit; variable factory overhead, $15 per unit; and fixed manufacturing overhead, $12 per unit. Assume that we have excess capacity and the special order will not affect regular sales. What is the change in operating income that would result from accepting this special sales order?

August 13, 2019 in /by

Question Our company manufactures and sells calculators for $80 each. A major University has offered us $55 per calculator for a one-time order of 500 calculators. Our costs to manufacture a calculator include: direct materials, $25 per unit; direct labor, $20 per unit; variable factory overhead, $15 per unit; and fixed manufacturing overhead, $12 per […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

August 13, 2019 in /by

Deadline Corp. reported net income of $1,692,900 for 2017. Deadline’s income tax rate was 30% and they reported no below the line items on their income statement.  Deadline had 400,000 shares of co Deadline Corp. reported net income of $1,692,900 for 2017. Deadline’s income tax rate was 30% and they reported no below the line items on their […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"