On January 1, 2011, Spark Corp

question 57

Essay

On January 1, 2011, 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 2011, Cranston reported net income of $100,000 and paid cash dividends of $30,000. Spark sold inventory costing $40,000 to Cranston during 2011 for $50,000. Cranston used all of this merchandise in its operations during 2011. 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 2011 to apply the equity method to this investment.

Comprehend the process and significance of crossing over in meiosis.

Understand the factors affecting meiosis and consequences of errors.

Explain the genetic diversity results from meiosis.

Recognize the significance and implications of nondisjunction events.