My writer delivered an awesome dissertation on the Creek War, I definitely didn’t have the time to do all the research she did on my own.
On January 1, 2016, Pride Corporation purchased 90 percent of
the outstanding voting shares of Star, Inc. for $465,000 cash. The
acquisition-date fair value of the noncontrolling interest was
$51,700. At January 1, 2016, Star’s net assets had a total carrying
amount of $361,900. Equipment (eight-year remaining life) was
undervalued on Star’s financial records by $55,200. Any remaining
excess fair value over book value was attributed to a customer list
developed by Star (four-year remaining life), but not recorded on
its books. Star recorded net income of $48,300 in 2016 and $55,200
in 2017. Each year since the acquisition, Star has declared a
$13,800 dividend. At January 1, 2018, Pride’s retained earnings
show a $172,500 balance.
Selected account balances for the two companies from their
separate operations were as follows:
Pride
Star
2018 Revenues
$
343,700
$
196,700
2018 Expenses
241,600
134,600
What is consolidated net income for 2018?
Multiple Choice
$132,400.
$132,110.
$164,200.
$133,600.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more