A Corporation had net income of $50,000 in 2018 and $60,000 in 2019, excluding any income from its investment in B Company. B Company had net income of $30,000 in 2018 and $40,000 in 2019. On January 1, 2019, A Corporation acquired all of the outstanding common shares of B Company for a cash payment of $300,000. Assume that there was no acquisition differential on this business combination. What net income would A Corporation report for 2018 in its comparative consolidated financial statements at the end of 2019?
A) $80,000 B) $30,000 C) $100,000 D) $50,000
D) $50,000
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The accounts payable clerk is responsible for updating the AP Control accounts to reflect each vendor liability
Indicate whether the statement is true or false
On April 1 . 2014, Ziba Inc purchased as a temporary investment $100,000, face amount, 10% U.S. Treasury notes; they pay interest semiannually on January 1 and July 1 . The notes were purchased at 102 . Which of the following entries correctly records this purchase?
a. Trading Securities--10% U.S. Treasury Notes. 100,000 Interest Receivable......................... 2,500 Premium on Trading Securities............... 2,000 Cash..................................... 104,500 b. Trading Securities--10% U.S. Treasury Notes. 102,000 Interest Receivable......................... 2,500 Cash..................................... 104,500 c. Trading Securities--10% U.S. Treasury Notes. 100,000 Interest Receivable......................... 4,500 Cash..................................... 104,500 d. Trading Securities--10% U.S. Treasury Notes. 102,000 Cash..................................... 102,000
______ is the use of tools and processes to protect organizational computer systems and networks.
A. Ergonomics B. Workplace security C. Workplace safety D. Cybersecurity
Given the relatively low fertility rates in Europe, what estimated number of immigrants would Europe need in order to stabilize its working age population levels?
*a. 3.2 million a year b. 20 million over a 5-year period c. 2.8 million a year d. 8 million over a 10-year period