On January 1, 20X2, Pint Corporation acquired 80 percent of Size Corporation for $200,000 cash. Size reported net income of $25,000 each year and dividends of $5,000 each year for 20X2, 20X3, and 20X4. On January 1, 20X2, Size reported common stock outstanding of $160,000 and retained earnings of $40,000, and the fair value of the noncontrolling interest was $50,000. It held land with a book value of $90,000 and a market value of $100,000, and equipment with a book value of $40,000 and a market value of $48,000 at the date of combination. The remainder of the differential at acquisition was attributable to an increase in the value of patents, which had a remaining useful life of eight years. All depreciable assets held by Size at the date of acquisition had a remaining economic life of
eight years. Pint uses the equity method in accounting for its investment in Size.Based on the preceding information, the increase in the fair value of patents held by Size is
A. $18,000
B. $32,000
C. $10,000
D. $50,000
Answer: B
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______________________________ expect convenient and timely access to information about their order from order initiation, through product delivery, and until after the bill had been paid
Fill in the blank(s) with correct word
Which of the following leads employees to think "the grass is greener elsewhere"?
A) not knowing what it takes to move ahead B) not understanding how compensation programs work C) not knowing where they stand in the eyes of management D) lack of sensitivity to their peers' problems
In a sole proprietorship, the business is considered a separate legal entity from the owner
Indicate whether the statement is true or false
Two jobs (J1 and J2) are scheduled on two workcenters (WCA and WCB). J1 starts at time 0 on WCA and finishes on that workcenter at time 5. J2 starts at time 0 on WCB and finishes at time 3. J2 then starts on WCA at time 5 and finishes at time 9. J1 has a due date of time 6 and J2 has a due date of time 7. What is the tardiness of J2?
a. 0 b. 1 c. 2 d. 4