Examlex
P Corp.owns 800 of Q Corp.'s 1,000 outstanding voting common shares which it accounts for using the equity method.On December 31,2009,the shareholder's equity section of Q Corp.was comprised of $15,000 in common stock and retained earnings in the amount of $450,000.
Q Corp.reported net Income and paid dividends of $120,000 and $20,000 respectively for the year ended December 31,2010.
On January 1,2011,P Corp.sold 200 shares of its investment in Q Corp.for $125,000.On January 1,2010,the investment account had a balance of $420,000.The acquisition differential was to be allocated as follows:
60% to patents (6 year remaining life) .
30% to equipment (9 year remaining life) .
-What was the amount of acquisition differential amortization for 2010?
Bike Rack
A stationary fixture to which bicycles may be securely attached for parking purposes.
Assembly Time
The total amount of time required to assemble a product from its parts, often a critical factor in manufacturing efficiency.
Normally Distributed
A probability distribution where the data tends to cluster around a central mean value, creating a curve that is symmetric around the mean.
Normally Distributed
A type of distribution in which the data's histogram has a bell-shaped curve, indicating that most values cluster around a central region, with fewer at the edges.
Q3: Accounting information cannot be used to motivate
Q6: Consider the following cost data for the
Q9: An impairment loss can be reversed when<br>A)the
Q16: Ignoring taxes,what is the total amount of
Q20: Assume that the facts provided above with
Q37: What is the amount of foreign exchange
Q43: What effect would the intercompany bond sale
Q46: What is the carrying value of the
Q50: What would be the pre-tax gain or
Q159: In a regression analysis for estimating a