On January 1,20X7,Water Limited Purchased 700,000 Shares of Bottle Inc

question 2

Essay

On January 1,20X7,Water Limited purchased 700,000 shares of Bottle Inc.for $2.8 million.On January 1,20X9,Water sold 150,000 shares of Bottle for $700,000.During the entire period Bottle had 1,000,000 shares outstanding.Water accounts for its investment in Bottle under the equity method.The following information was extracted from the financial records of Bottle:

All net identifiable assets had a fair value equal to their carrying value on the date of acquisition except the buildings.There is no goodwill reported on the separate entity financial statements of Water or Bottle.There have been no intercompany transactions between Water and Bottle.
Required:
Calculate the balances of following accounts on the consolidated statement of financial position at December 31,20X10,under the parent-company extension method:
a.Goodwill
b.NCI
Determine the adjustment to equity required.

Understand the concept of outsourcing manufacturing processes to enhance business focus and efficiency.

Recognize the essential activities and considerations in operations management, including scheduling, quality control, and productivity.

Identify and differentiate between various quality management and control methodologies, including ISO standards and Six Sigma.

Grasp the distinction between manufacturing and service operations, specifically in terms of productivity and customer contact.

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Definitions:

Ambiguity

The quality of being open to more than one interpretation, leading to uncertainty or vagueness.

Achievable

Refers to a goal or objective that is possible to be accomplished with the resources and time available.

Choking

The phenomenon where an individual fails to perform to their usual level under pressure, typically in critical or high-stakes situations.

Qualitative Study

Research that explores phenomena through non-numerical data, such as interviews, observations, and texts, to understand concepts, thoughts, or experiences.