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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?
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.
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