Question: P Company purchased 80% of the outstanding common stock c cash payment of 5318,000 S Company's December 31, 2013 of 5200,000 and retained earnings

P Company purchased 80% of the outstanding common stock c cash payment
of 5318,000 S Company's December 31, 2013 of 5200,000 and retained earnings

P Company purchased 80% of the outstanding common stock c cash payment of 5318,000 S Company's December 31, 2013 of 5200,000 and retained earnings of 5130,000_ During the calf 210,000 evenly throughout the year and declared a dividend o the amount needed to establish reciprocity under the cost meth( consolidated workpaper on December 31, 2014?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

P Company purchased 80% of the outstanding common stock of S Company on May 1, 2011, for a cash payment of $1,272,000. S Companys December 31, 2010 balance sheet reported common stock of $800,000 and...

Q:

P Company purchased 80% of the outstanding common stock of S Company on May 1, 2011, for a cash payment of $1,272,000. S Company's December 31, 2010 balance sheet reported common stock of $800,000...

Q:

Padilla Company acquired 80% of the outstanding common stock of Sanchez Company on June 30, 2014 for $388,000. On that date, Sanchez Company had retained earnings of $60,000, and the fair value of...

Q:

Padilla Company acquired 80% of the outstanding common stock of Sanchez Company on June 30, 2014 for $388,000. On that date, Sanchez Company had retained earnings of $60,000, and the fair value of...

Q:

NEED ANSWER BEFORE 11:00 IF NOT LET ME KNOWTODAY OCTOBER FIRST, THEY ASK ME FOR MORE MONEY BUT DO NOT KNOW HOW TO ADD MORE Text 1 450 A business combination is accounted for properly as an...

Q:

Identify which question you are answering. Round all decimals. On January 1, Year 4 A purchased 80% of the outstanding common shares of B. The acquisition differential of $20,000 was allocated as...

Q:

Identify which question you are answering. Round all decimals. On January 1, Year 4 A purchased 80% of the outstanding common shares of B. The acquisition differential of $20,000 was allocated as...

Q:

Identify which question you are answering. Round all decimals. On January 1, Year 4 A purchased 80% of the outstanding common shares of B. The acquisition differential of $20,000 was allocated as...

Q:

dentify which question you are answering. Round all decimals. On January 1, Year 4 A purchased 80% of the outstanding common shares of B. The acquisition differential of $20,000 was allocated as...

Q:

Padre, Inc buys 80% of the outstanding common stock of Sierra Corporation on January 1, 2018 for $790,560 cash. at the acquisition date, sierra total fair value including the non controlling interest...

Q:

The prices and production of grains for 2002 and 2012 (www.ers.usda.gov) are listed below. Using 2002 as the base period, find the value index of grains produced for August2012. 2002 Production...

Q:

What is the total amount of cash should Targaryen Company report at year-end? The cash in bank account of Targaryen Company disclosed a balance of P201, 000 as of December 31. The bank statement as...

Q:

Question 3 5 pts Typical TCP / IP exploits are: Focused on design flaws Focused on attachments Fixed by installing the latest software patches Phishing expeditions Buffer overflow attacks

Q:

5. (6 points) An oil refinery blends four types (i = 1, 2, 3, 4) of raw gasoline: alkylate, catalytic- cracked, straight-run, and isopentane. The sulfur concentration of each gasoline is given in the...

Q:

5. Based on your desired future, answer the following questions: (a) What do you want, i.e. what goals have you set yourself? Set up three goals in order of priority. (b) Why do you want this? (c)...

Q:

1. Discuss the following statements: (a) Its what you are best at that will be your downfall. (b) How can we learn but not learn? (c) Learning to see is different from seeing. (d) Creativity is...

Q:

2. In this chapter, the reader should reflect on the following concepts: The trimming effect, vision, steady course paradox, bottom line, prisoners dilemma, social dilemma, CI strategy, CCI strategy,...