Question: Question 2 3 Points WWW Co, has just bought 100% of the shares of MMM Co. Below are the total assets of both companies just

Question 2 3 Points WWW Co, has just bought 100% of the shares of MMM Co. Below are the total assets of both companies just before consolidation .MMM Co. O. www co... Assets $: Investment in subsidiary....174.700 Buildings... 240.100 Inventory..................150.200 Total assets 565,000 168,070 105.140 273.210 Required: Calculate the consolidated Total Assets Important note: Show all calculations. Use the editor to format your 3 Points

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!

Although airline schedules and cost are important factors for business travelers when choosing an airline carrier, a USA today survey found that business travelers list an air-lines frequent flyer...

Question 21 [4 points] Black Co. purchased 100% of the outstanding common stock of Noir, Inc. on 1I1I2X for $500,000 in cash and stock. Black Co. accounts for the income of Noir, Inc. using the Cost...

Attached is a homework for Finance. It is 4 questions and includes a link highlighted in yellow where one can get the financial information. Price is flexible, I just need a great grade on this hwk!...

Acct 220. Intro to Accounting final exam. Please see attachment for detailed instructions Quiz Note: It is recommended that you save your response as you complete each question. Directions: This...

I don't understand ANY of this. Number 1 through five please help ? Question 1 (2 points) On July 1, 2016, Spinach Company purchased for $540,000 a warehouse building and the land on which it is...

I have attached the file with questions that i need help answering Question 1 (2 points) On July 1, 2016, Spinach Company purchased for $540,000 a warehouse building and the land on which it is...

Hello Rocky, I am back to you as I told you. Here is my assignment Few questions require full work while some are just multiple choice questions. Here it is question - 1 Floppy Company's December 31,...

The 1st and 2nd pictures are the INCOME SHEET of Paypal, the 3rd picture is the BALANCE SHEET, and the 4th picture is the CASH FLOW statement of PayPal. Overall, an analysis of the 2017 to 2021...

1 (2 points) Which of the following is not treated as a change in accounting principle? A) A change from LIFO to FIFO for inventory valuation B) A change to a different method of depreciation for...

please i need the answer quickly Question 2 (80 points) On January 1, 2020, Pentagon Corporation acquired 100 percent of Square Company's common stock for $110,000 cash. Data from the balance sheets...

1 (2 points) Which of the following is not treated as a change in accounting principle? A) A change from LIFO to FIFO for inventory valuation B) A change to a different method of depreciation for...

Describe the importance of legal considerations for project managers.

If computer A is 3.5 times as fast as computer B; and computer B is 1.5 times as fast as computer C. If a program takes 10.5 millisecond by computer C, find: (i) the execution time needed for...

What a company? various coperativg depowtments plan to tho to help esecufic the compary / ver the specific actions a company's various operating departments plan to take to unify effort the...

Turbo Champs Corp. uses activity-based costing to account for its motorcycle manufacturing process. Company managers have identified three supporting manufacturing activities: inspection, machine...

State Financial Corp. has three service departments (Administration, Communications, and Facilities), and two production departments (Deposits and Loans). A summary of costs and other data for each...

Refer to E8-39B. Tech Systems needs 80,000 optical switches next year (assume same relevant range). By outsourcing them, Tech Systems can use its idle facilities to manufacture another product that...

Franklin, Inc. uses activity-based costing to account for its chrome bumper manufacturing process. Company managers have identified four manufacturing activities: materials handling, machine setup,...

Bixel Components manufactures products A1 and A2 from a joint process. Total joint costs are $250,000. The sales value at split-off was $292,500 for 2,700 units of product A1 and $157,500 for 900...

Which of the following statements is true of stereotypes? Multiple Choice They are usually based on true or complete information. They are often intended and cannot be eliminated. They occur because...

=+run-up to the 20072009 financial crisis)? How can a company encourage them to sell products that are in their customers, rather than their own, interests?

=+2. Given your answer to Question 1, what are the main solutions? What form of global economic system should we be striving to create?

=+4. What do you think?