Examlex

Solved

Carnes Codecided to Use the Partial Equity Method to Account for for Its

question 48

Essay

Carnes Co.decided to use the partial equity method to account for its investment in Domino Corp.An unamortized trademark associated with the acquisition was $30,000,and Carnes decided to amortize the trademark over ten years.For 2009,Carnes' Equity in Subsidiary Earnings was $78,000.
Required:
What balance would have been in the Equity in Subsidiary Earnings account if Carnes had used equity accounting?


Definitions:

Enzyme-reactant Interaction

The specific process by which an enzyme binds to a reactant, or substrate, to catalyze a biochemical reaction.

Lock-and-key Mechanism

A model for enzyme-substrate interaction suggesting that the enzyme and substrate possess specific complementary geometric shapes that fit exactly into one another.

Codexis

A company specializing in the development of enzymes and biocatalytic processes for pharmaceutical and biofuel productions.

Commercial Process

A systematic sequence of activities designed to produce a product or service for the marketplace.

Related Questions