On December​ 31, 2018 the balance in Energy Exploration​ Company's Unearned Revenue account was a credit of

$7,000. In​ January, 2019, the company received an advance payment of $13,000 from a new customer for services to be performed. By January​ 31, adjustments were made to recognize $6,000 of the revenue that had been earned during January. What was the balance in Unearned Revenue on January​ 31, 2019?

A.$14,000credit

B.$6,000credit

C.$13,000 debit

D.$7,000 credit

ABC

ABC, Channel 6, is located in Eugene, Oregon, home of the University of Oregon’s football team. The station was owned and operated by George Wilcox, a former Duck (University of Oregon football player). Although there were other television stations in Eugene, ABC was the only station that had a weatherperson who was a member of the American Meteorological Society (AMS). Every night, Joe Hummel would be introduced as the only weatherperson in Eugene who was a member of the AMS. This was George’s idea, and he believed that this gave his station the mark of quality and helped with market share.

In addition to being a member of AMS, Joe was also the most popular person on any of the local news programs. Joe was always trying to find innovative ways to make the weather interesting, and this was especially difficult during the winter months when the weather seemed to remain the same over long periods of time. Joe’s forecast for next month, for example, was that there would be a 60% chance of rain every day, and that what happens on one day (rain or shine) was not in any way dependent on what happened the day before.

One of Joe’s most popular features of the weather report was to invite questions during the actual broadcast. Questions would be phoned in, and they were answered on the spot by Joe. Once a 10-year-old boy asked what caused fog, and Joe did an excellent job of describing some of the various causes.

Occasionally, Joe would make a mistake. For example, a high school senior asked Joe what the chances were of getting 15 days of rain in the next month (30 days). Joe made a quick calculation:

(60%) x (15 days / 30 days) = (60%) (1/2) = 30%

Joe quickly found out what it was like being wrong in a university town. He had over 50 phone calls from scientists, mathematicians, and other university professors, telling him that he had made a big mistake in computing the chances of getting 15 days of rain during the next 30 days. Although Joe didn’t understand all of the formulas the professors mentioned, he was determined to find the correct answer and make a correction during a future broadcast.

Discussion Questions

1. What are the chances of getting 15 days of rain during the next 30 days?

2. What do you think about Joe’s assumptions concerning the weather for the next 30 days?

Note : Answers should be in Word format

What are​ companies' biggest obstacles to attracting the best​ talent? Of 1,000 surveyed U.S. and Canadian talent acquisition​ professionals, 510 reported that competition for talent is the biggest obstacle at their company. At the 0.01 level of​ significance, is there evidence that the proportion of all talent acquisition professionals who report competition is the biggest obstacle to attracting the best talent at their company is different from 47​%?

1. Calculate the test statistic ZSTAT.
2. Identify the​ p-value from your technology​ output, rounding to three decimal places.
3. Conclusion: Is there significant evidence to conclude that there is strong evidence in support of the claim that the proportion of all talent acquisition professionals who report competition is the biggest obstacle to attracting the best talent at their company is different from 61​%. ​

Kate Shanley states that the Indian women’s movement seeks equality on the individual level. What kind of individual equality does the movement seek? How does this individual equality differ from that of the mainstream white feminist movement? Why does the difference between the movements exist?

The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2021, follow. Gibson acquired a 60 percent interest in Keller on January 1, 2020, in exchange for various considerations totaling $330,000. At the acquisition date, the fair value of the noncontrolling interest was $220,000 and Keller’s book value was $430,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $120,000. This intangible asset is being amortized over 20 years. Gibson uses the partial equity method to account for its investment in Keller.

Gibson sold Keller land with a book value of $55,000 on January 2, 2020, for $110,000. Keller still holds this land at the end of the current year.

Keller regularly transfers inventory to Gibson. In 2020, it shipped inventory costing $110,500 to Gibson at a price of $170,000. During 2021, intra-entity shipments totaled $220,000, although the original cost to Keller was only $132,000. In each of these years, 20 percent of the merchandise was not resold to outside parties until the period following the transfer. Gibson owes Keller $40,000 at the end of 2021.

(Note: Parentheses indicate a credit balance.)

1. Prepare a worksheet to consolidate the separate 2021 financial statements for Gibson and Keller.

2. How would the consolidation entries in requirement (a) have differed if Gibson had sold a building on January 2, 2020, with a $70,000 book value (cost of $160,000) to Keller for $120,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer.

The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2018, follow. Gibson acquired a 60 percent interest in Keller on January 1, 2017, in exchange for various considerations totaling $1,020,000. At the acquisition date, the fair value of the noncontrolling interest was $680,000 and Keller’s book value was $1,360,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $340,000. This intangible asset is being amortized over 20 years.

Gibson sold Keller land with a book value of $75,000 on January 2, 2017, for $170,000. Keller still holds this land at the end of the current year.

Keller regularly transfers inventory to Gibson. In 2017, it shipped inventory costing $234,000 to Gibson at a price of $390,000. During 2018, intra-entity shipments totaled $440,000, although the original cost to Keller was only $308,000. In each of these years, 20 percent of the merchandise was not resold to outside parties until the period following the transfer. Gibson owes Keller $35,000 at the end of 2018.

(Note: Parentheses indicate a credit balance.)

Prepare a worksheet to consolidate the separate 2018 financial statements for Gibson and Keller.

How would the consolidation entries in requirement (a) have differed if Gibson had sold a building with a $180,000 book value (cost of $380,000) to Keller for $340,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer.

Thank you so much in advance!

The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2018, follow. Gibson acquired a 60 percent interest in Keller on January 1, 2017, in exchange for various considerations totaling $570,000. At the acquisition date, the fair value of the noncontrolling interest was $380,000 and Keller’s book value was $850,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $100,000. This intangible asset is being amortized over 20 years. Gibson sold Keller land with a book value of $60,000 on January 2, 2017, for $100,000. Keller still holds this land at the end of the current year. Keller regularly transfers inventory to Gibson. In 2017, it shipped inventory costing $100,000 to Gibson at a price of $150,000. During 2018, intra-entity shipments totaled $200,000, although the original cost to Keller was only $140,000. In each of these years, 20 percent of the merchandise was not resold to outside parties until the period following the transfer. Gibson owes Keller $40,000 at the end of 2018.

Gibson Company Keller Company

Sales $   (800,000) $   (500,000) Cost of goods sold 500,000   300,000   Operating expenses 100,000   60,000   Equity in earnings of Keller     (84,000)      –0–   Net income $    (284,000) $    (140,000) Retained earnings, 1/1/18 $(1,116,000) $    (620,000) Net income (above) (284,000) (140,000) Dividends declared     115,000         60,000   Retained earnings, 12/31/18 $(1,285,000) $    (700,000) Cash $  177,000   $   90,000   Accounts receivable 356,000   410,000   Inventory 440,000   320,000   Investment in Keller 726,000   –0–   Land 180,000   390,000   Buildings and equipment (net)    496,000      300,000   Total assets $  2,375,000   $ 1,510,000   Liabilities $   (480,000) $   (400,000) Common stock (610,000) (320,000) Additional paid-in capital –0–   (90,000) Retained earnings, 12/31/18   (1,285,000)    (700,000) Total liabilities and equities $(2,375,000) $(1,510,000)

a) Prepare a worksheet to consolidate the separate 2018 financial statements for Gibson and Keller.

b) How would the consolidation entries in requirement (a) have differed if Gibson had sold a building with a $60,000 book value (cost of $140,000) to Keller for $100,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer. Short explanation for this one please.

The individual financial statements for Union Company and Essex Company for the year ending December 31, 2018, follow. Union acquired a 60 percent interest in Essex on January 1, 2017, in exchange for various considerations totaling $510,000. At the acquisition date, the fair value of the noncontrolling interest was $340,000 and Essex’s book value was $670,000. Essex had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $180,000. This intangible asset is being amortized over 20 years. Union sold Essex land with a book value of $85,000 on January 2, 2017, for $170,000. Essex still holds this land at the end of the current year. Essex regularly transfers inventory to Union. In 2017, it shipped inventory costing $149,500 to Union at a price of $230,000. During 2018, intra-entity shipments totaled $280,000, although the original cost to Essex was only $168,000. In each of these years, 20 percent of the merchandise was not resold to outside parties until the period following the transfer. Union owes Essex $45,000 at the end of 2018. Union Company Essex Company 12/31/2018 12/31/2018 Sales $ -880,000 $ -580,000 Cost of goods sold 580,000 380,000 Operating expenses 180,000 65,000 Equity in earnings of Essex -81,000 0 Net income $ -201,000 $ -135,000 Retained earnings, 1/1/18 $ -1,196,000 $ -660,000 Net income (above) -201,000 -135,000 Dividends declared 110,000 65,000 Retained earnings, 12/31/18 $ -1,287,000 $ -730,000 Cash $ 177,000 $ 90,000 Accounts receivable 372,000 490,000 Inventory 470,000 400,000 Investment in Essex 834,000 0 Land 190,000 470,000 Buildings and equipment (net) 504,000 380,000 Total assets $ 2,547,000 $ 1,830,000 Liabilities $ -590,000 $ -620,000 Common stock -670,000 -400,000 Additional paid-in capital 0 -80,000 Retained earnings, 12/31/18 -1,287,000 -730,000 Total liabilities and equities $ -2,547,000 $ -1,830,000 (Note: Negative number indicate a credit balance.)

a. Prepare a worksheet to consolidate the separate 2018 financial statements for Fairleigh andDickinson.

b. Prepare US GAAP compliant Balance Sheet and Income Statement as of December 31, 2018, and for the year then ended.

c. How would the consolidation entries in requirement (a) have differed if Union had sold a building with a $100,000 book value (cost of $220,000) to Essex for $180,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer. Prepare journal entries; do not make a new worksheet or FS.

The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2018, follow. Gibson acquired a 60 percent interest in Keller on January 1, 2017, in exchange for various considerations totaling $900,000. At the acquisition date, the fair value of the noncontrolling interest was $600,000 and Keller’s book value was $1,200,000. Keller had developed internally a customer list that was not recorded on its books but had an acquisition-date fair value of $300,000. This intangible asset is being amortized over 20 years.

Gibson sold Keller land with a book value of $55,000 on January 2, 2017, for $130,000. Keller still holds this land at the end of the current year.

Keller regularly transfers inventory to Gibson. In 2017, it shipped inventory costing $227,500 to Gibson at a price of $350,000. During 2018, intra-entity shipments totaled $400,000, although the original cost to Keller was only $240,000. In each of these years, 20 percent of the merchandise was not resold to outside parties until the period following the transfer. Gibson owes Keller $60,000 at the end of 2018.

(Note: Parentheses indicate a credit balance.)

Prepare a worksheet to consolidate the separate 2018 financial statements for Gibson and Keller.

How would the consolidation entries in requirement (a) have differed if Gibson had sold a building with a $160,000 book value (cost of $340,000) to Keller for $300,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer.

Prepare a worksheet to consolidate the separate 2018 financial statements for Gibson and Keller. (Do not round intermediate calculations. For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Amounts in the Debit and Credit columns should be entered as positive. Negative amounts for the Noncontrolling Interest and Consolidated Totals columns should be entered with a minus sign.)

How would the consolidation entries in requirement (a) have differed if Gibson had sold a building with a $160,000 book value (cost of $340,000) to Keller for $300,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer.