Answer:
Option (C) is correct.
Explanation:
Increase in equipment value as on 01-Jan 2019:
= Market value - Book value
= $18,000 - $14,000
= $4000
Depreciation for 2019:
= $4000 ÷ 4
= $1000
Depreciation for 2020:
= $4000 ÷ 4
= $1000
In consolidation adjustment to equipment at Dec 31,2020:
= Increase in equipment value - Depreciation for 2019 - Depreciation for 2020
= $4000 - $1000 - $1000
= $2000 Increase
To adjust Hogan's Equipment account in the consolidation, an increase of $1,800 should be made, representing the amortization of the fair value adjustment for McGuire's share of Hogan over two years.
The question at hand involves determining the necessary adjustment for Hogan's Equipment account in the consolidation process on December 31, 2011, after McGuire Company acquired 90 percent of Hogan Company. Given that the book value of Hogan's equipment is $14,000 and the fair value is $18,000, there is a $4,000 fair value increment. Since the equipment has a useful life of 4 years, $1,000 ($4,000/4 years) should be amortized each year.
By the end of 2011, this amortization impact for two years ($1,000 * 2) should be $2,000. However, McGuire only owns 90% of Hogan, so the adjustment for the Equipment account on McGuire's consolidation worksheet is $1,800 ($2,000 * 90%). Thus, the correct adjustment is a $1,800 increase in the Equipment account to reflect the amortization of the fair value adjustment for McGuire's share of Hogan.
#SPJ3
Hi
The main goal of human relations is to
Help people relate better with one another
I hope that's help !
Have a great day :)
Answer:
Let's break down the information and check which statements are true:
I. The amount of the loan will be $200,000.
- This statement is true. The house is priced at $200,000, and you are making a 10% down payment, which means you will be taking a loan for the remaining 90% of the house price. So, the loan amount is $200,000.
II. Closing costs will be $10,000.
- This statement is not necessarily true. You mentioned that closing costs will be 5% of the house price. To find the closing costs, calculate 5% of $200,000: 0.05 * $200,000 = $10,000. So, the closing costs could be $10,000.
III. Closing costs will be $9,000.
- This statement is not true based on the information provided. The calculation in statement II shows that closing costs are $10,000, not $9,000.
IV. You will need to bring $29,000 total to the bank in order to get the loan.
- This statement is true. To calculate the total amount you need to bring to the bank, add the down payment and closing costs: 10% of $200,000 (down payment) + $10,000 (closing costs) = $20,000 + $10,000 = $30,000. So, you will need to bring $30,000 in total to the bank to get the loan.
Therefore, statements I and IV are true, while statements II and III are not necessarily true based on the provided information.
The true statements are: Closing costs will be $10,000 and You will need to bring $30,000 to the bank. The loan amount will be $180,000, not $200,000.
Firstly, for a house priced at $200,000, a 10% down payment would be $20,000 (200,000*0.10). Secondly, closing costs will be 5% of the price, which would amount to $10,000 (200,000*0.05). To calculate the total amount you need to bring to the bank, you add the down payment and closing costs, equalling $30,000.
Therefore, the statements that are true are: The closing costs will be $10,000 and You will need to bring $30,000 total to the bank in order to get the loan.
The statement The amount of the loan will be $200,000 is false because the loan amount will be the home price minus the down payment, or $180,000.
#SPJ11
nooooooooo way i would go crazy if they did that i wouldn't have a life anymore
Answer:
God no i would die they can't keep me in this prison 24/7
B. the restrictions placed on potential solutions to a problem in a purchase decision.
C. the objective attributes of the supplier’s products and services and the capabilities of the supplier itself.
D. the factors that an ultimate consumer would consider that represent both the objective attributes of a brand and the subjective ones to compare different products and brands.
E. the specific qualifications of a potential customer based upon past performance, reliability, and consistency regarding the purchase of an organization’s offerings.
Answer:
The answer is: C) the objective attributes of the supplier’s products and services and the capabilities of the supplier itself.
Explanation:
Organizational buying criteria refers to the different criteria an organization's buyer must apply when deciding what products and services should be purchased. These criteria can include:
Answer: Option (B)
Explanation:
There are four main functions of a management involved in the Results Only Work Environment program. These are as follow: leading, planning, controlling and organizing. These functions tend to play a vital role in the establishment of an organization, so as they can achieve their objectives and goals. Therefore, we can state that financing is not one of the main functions of a management.
b. incentive
c. sponsorship
d. slogan