On January 1, 2021, Spark Corp

question 97

Essay

On January 1, 2021, Spark Corp. acquired a 40% interest in Cranston Inc. for $250,000. On that date, Cranston's balance sheet disclosed net assets of $430,000. During 2021, Cranston reported net income of $100,000 and paid cash dividends of $30,000. Spark sold inventory costing $40,000 to Cranston during 2021 for $50,000. Cranston used all of this merchandise in its operations during 2021. Any excess cost over fair value is attributable to an unamortized trademark with a 20-year remaining life.Required:Prepare all of Spark's journal entries for 2021 to apply the equity method to this investment.

Comprehend the relationships between personality types (including Type D) and health outcomes.

Identify the relationship between personality traits, specifically conscientiousness, and longevity.

Learn effective strategies for developing self-control and its importance in behavior regulation.

Understand the significance of impulsivity and its impact on behavior and health outcomes.

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Definitions:

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Day-To-Day Affairs

The routine activities and tasks that are carried out on a daily basis in the course of personal or professional life.

Commitment

The state or quality of being dedicated to a cause, activity, or relationship, often demonstrated through perseverance and loyalty.

Costs

Expenses or expenditures required for something; can refer to financial, emotional, or other forms of costs.