Questions
On July 1, 2016, S&S Inc. acquired 80% of Wade Co. by paying $596,000 cash. Wade...

On July 1, 2016, S&S Inc. acquired 80% of Wade Co. by paying $596,000 cash. Wade Co. reported a Common Stock account balance of $160,000 and Retained Earnings of $360,000 at that date. S&S Inc.’s purchase was the best basis for determining the fair value of Wade Co. The total annual amortization as a result of this transaction was determined to be $12,000. Wade Co. realized net income of $104,000 evenly for the year in 2016 and made an annual dividend payment of $48,000 on October 1, 2016.

What is the non controlling interest share of Wade Co. net income for 2016? Show all work and computations in support of your answer.

Compute the noncontrolling interest in Wade Co. at December 31, 2016. SHOW ALL WORK IN SUPPORT OF YOUR ANSWER.

Using the information above, what is the book value of Wade Co. at the acquisition date?

In: Accounting

during 2016, Liang's bookstore paid $484,000 for land and built a store in Georgetown. prior to...

during 2016, Liang's bookstore paid $484,000 for land and built a store in Georgetown. prior to construction, the city of Georgetown charged Liang's $1,300 for a building permit, which Liang's paid. Liang's also paid %15,300 for architect's fees. the construction cost of $685,000 was fascinated by a long-term note payable with interest cost of $28,220 paid at completion of the project. the building was completed June 30, 2016. Liang's depreciates the building by the straight-line method over 35 years with estimated residual value of $336.000.

requirements:

1. journalize transaction for the following

a. purchase of the land

b. all the cost chargeable to the building in a single entry

c. depreciation on the building for 2016

2. report Liang's bookstore's plant assets on the company's balance sheet at December 31, 2016.

3. what's Liang's income statement for the year ended December 31, 2016, report for these facts

In: Accounting

Homestead Oil Corp. was incorporated on January 1, 2016, and issued the following stock for cash:...

Homestead Oil Corp. was incorporated on January 1, 2016, and issued the following stock for cash:

  

870,000 shares of no-par common stock were authorized; 150,000 shares were issued on January 1, 2016, at $18.00 per share.

290,000 shares of $100 par value, 9.00% cumulative, preferred stock were authorized, and 67,000 shares were issued on January 1, 2016, at $150 per share.

Net income for the years ended December 31, 2016 and 2017, was $1,460,000 and $2,490,000, respectively.

No dividends were declared or paid during 2016. However, on December 28, 2017, the board of directors of Homestead declared dividends of $1,510,000, payable on February 12, 2018, to holders of record as of January 19, 2018.

. Of the total amount of dividends declared during 2017, how much will be received by preferred shareholders?

  

In: Accounting

In 2016, Makkah Corporation bought land for as a site for its new factory facility that...

In 2016, Makkah Corporation bought land for as a site for its new factory facility that was planned to be built in 2016. The following information related to the land and the factory building:

  1. Purchase cost of the land                                                        $400,000
  2. Closing cost                                                                                30,000
  3. Assumption of lien on the land                                                 100,000
  4. Cleaning and draining cost for the land                                     60,000
  5. Demolition and removal of an old building on the land             70,000
  6. Sale of salvaged material from the old building                         18,000
  7. Land permanent improvements                                                  60,000
  8. Costs of walkways, fences, and parking lots                             80,000
  9. Building permit fees                                                                  24,000
  10. Architectural design costs                                                           58,000
  11. Excavation costs                                                                         72,000
  12. Construction costs of the new building                                    570,000

Requirements:

  1. What was the cost of the land that should be recognized on Makkah’s balance sheet on Dec 31, 2016?
  2. If the new building was completed in 2016, what was the cost of the building that should be recognized on Makkah’s book at the end of 2016 (ignore any depreciation)?

In: Accounting

Write a shoppingcartmanager.java that contains a main method for this code in java Itemtopurchase.java public class...

Write a shoppingcartmanager.java that contains a main method for this code in java

Itemtopurchase.java

public class ItemToPurchase {
   // instance variables
   private String itemName;
   private String itemDescription;
   private int itemPrice;
   private int itemQuantity;
   // default constructor
   public ItemToPurchase() {
       this.itemName = "none";
       this.itemDescription = "none";
       this.itemPrice = 0;
       this.itemQuantity = 0;
   }
   public ItemToPurchase(String itemName, int itemPrice, int itemQuantity,String itemDescription) {
       this.itemName = itemName;
       this.itemDescription = itemDescription;
       this.itemPrice = itemPrice;
       this.itemQuantity = itemQuantity;
   }
   // method to set name of the item
   public void setName(String name) {
       itemName = name;
   }
   // method to set price of the item
   public void setPrice(int price) {
       itemPrice = price;
   }
   // method to set quantity of the item
   public void setQuantity(int quantity) {
       itemQuantity = quantity;
   }
   public void setDescription(String description) {
       itemDescription = description;
   }
   // method to get name of the item
   public String getName() {
       return itemName;
   }
   // method to get price of the item
   public int getPrice() {
       return itemPrice;
   }
   // method to get quantity of the item
   public int getQuantity() {
       return itemQuantity;
   }
   public String getDescription() {
       return itemDescription;
   }
   public void printItemPurchase() {
       System.out.println(itemName + " " + itemQuantity + " @ $" + itemPrice + " = $" + (itemPrice * itemQuantity));
   }
   public void printItemDescription() {

       System.out.println(itemName+": "+itemDescription);
   }
}

*******************

shoppingcart.java

import java.util.ArrayList;
import java.util.List;
import java.util.Scanner;

public class ShoppingCart {
   private String customerName;
   private String currentDate;
   private List<ItemToPurchase> cartItems=new ArrayList<>();
   ShoppingCart() {
       customerName = "none";
       currentDate = "January 1, 2016";
   }
   ShoppingCart(String customerName, String currentDate) {
       super();
       this.customerName = customerName;
       this.currentDate = currentDate;
   }
   public String getCustomerName() {
       return customerName;
   }
   public String getDate() {
       return currentDate;
   }
   public void addItem(ItemToPurchase item) {
       cartItems.add(item);
   }
   public void removeItem(String itemName) {
       boolean check = false;
       for (ItemToPurchase item : cartItems) {
           if(item.getName().equalsIgnoreCase(itemName)) {
               cartItems.remove(item);
               check=true;
           }
       }
       if(!check)
           System.out.println("Item not found in cart. Nothing removed.");
   }
   public void modifyItem(ItemToPurchase item) {
       boolean check = false;
       for (ItemToPurchase itemToPurchase : cartItems) {
           if(itemToPurchase.getName().equalsIgnoreCase(item.getName())) {
               cartItems.remove(itemToPurchase);
               cartItems.add(item);
               check=true;
           }
       }
       if(!check)
           System.out.println("Item not found in cart. Nothing modified.");
   }
   public int getNumItemsInCart() {
       int total=0;
       for (ItemToPurchase item : cartItems) {
           total+=item.getQuantity();
       }
       return total;
   }
   public int getCostOfCart() {
       int cost=0;
       for (ItemToPurchase item : cartItems) {
           cost+=item.getPrice()*item.getQuantity();
       }
       return cost;
   }
   public void printTotal() {
       System.out.println(customerName+"'s Shopping Cart - "+currentDate);
       System.out.println("Number of Items: "+getNumItemsInCart());
       System.out.println();
       for (ItemToPurchase item : cartItems) {
           System.out.println(item.getName()+" "+item.getQuantity()+" @ $"+item.getPrice()+" = $"+(item.getQuantity()*item.getPrice()));
       }
       System.out.println();
       System.out.println("Total: $"+getCostOfCart());
   }
   public void printDesciptions() {
       System.out.println(customerName+"'s Shopping Cart - "+currentDate);
       System.out.println();
       System.out.println("Item Descriptions");
       for (ItemToPurchase item : cartItems)
           System.out.println(item.getName()+": "+item.getDescription());
   }
   public static void main(String[] args) {
       Scanner sc=new Scanner(System.in);
       System.out.println("Enter Customer's Name:");
       String name=sc.nextLine();
       System.out.println("Enter Today's Date:");
       String date=sc.nextLine();
       ShoppingCart cart=new ShoppingCart(name,date);
       System.out.println();
       System.out.println();
   }
}

In: Computer Science

Match the account name with the correct financial statement and section that the account name can...

Match the account name with the correct financial statement and section that the account name can be found on (apologize for format congruence)  

Advertising Expense

Revenues
Sales Allowances

Cost of Goods Sold

Meals expense

Interest income

Travel Expenses

Entertainment expenses

Unrealized Gain on Sale

Fees Earned

Insurance Expense

Service Revenues
Interest Expense
Legal Expenses

Options to choose from:

Balance Sheet - Current Asset

Balance Sheet - Non Current Asset

Balance Sheet - Current Liability

Balance Sheet - Non Current Liability

Balance Sheet - Equity

Income Statement - Revenue (part of the Gross Profit calculation)

Income Statement - Operating expenses

Income Statement - Other

Thanks

In: Accounting

The IUPAC-style name given below is not a correct name for a molecule. Draw the structure...

The IUPAC-style name given below is not a correct name for a molecule. Draw the structure indicated by the name, and then provide the correct IUPAC name for that molecule. Please carefully type the IUPAC name of the molecule. If you do not use the absolute correct format, the answer will be marked incorrect. That means you need to use appropriate punctuation in the appropriate places, you need to list the substituents in the correct order, and you need to omit all spaces. The common names for the following complex substituents are accepted (isopropyl, isobutyl, sec-butyl, tert-butyl, isopentyl, tert-pentyl, and neopentyl). Incorrect name: 1-cyclobutyl-1-propylbutane

In: Chemistry

1.a Name the male crayfish appendages that are used to inseminate the female. b. Name the...

1.a Name the male crayfish appendages that are used to inseminate the female.

b. Name the small arthropod found in huge numbers at polar regions.

c. Name the endocrine gland that stimulates immune system cell production.

d. Name the sheet of muscle that inflates a mammalian lung.

e. Name the heart valve that prevents backflow to the left atrium.

f. Name the mammalian tissue that secretes mucous and lines the entire body wall.

g. Name the rat organ that has bacteria to digest cellulose in plant cell

In: Biology

Exercise 7: Name that Shape Write a program that determines the name of a shape from...

Exercise 7: Name that Shape Write a program that determines the name of a shape from its number of sides. Read the number of sides from the user and then report the appropriate name as part of a meaningful message. Your program should support shapes with anywhere from 3 up to (and including) 10 sides. If a number of sides outside of this range is entered then your program should display an appropriate error message.

language use : python

In: Computer Science

Match the account name with the correct financial statement and section that the account name can...

Match the account name with the correct financial statement and section that the account name can be found on.

Balance Sheet - Current Asset

Balance Sheet - Non Current Asset

Balance Sheet - Current Liability

Balance Sheet - Non Current Liability

Balance Sheet - Equity

Income Statement - Revenue

Income Statement - Operating Expenses

Income Statement - Other

Questions:

Property Tax Expense

Furniture and Fixtures

Buildings

Service Revenues

Marketable Securities

Accounts Payable

Travel Expenses

Patents

Wages Payable

Supplies

Deferred Revenue - Long Term

Customer Deposits - Current Portion

Salary Expense

Wage Expense

Short Term Investments

Allowance for Doubtful Accounts

Sales

Sales Discounts

Repairs & Maintenance Expense

Advertising Expense

Unrealized Gain on Sale

Current Portion of Debt Payable

Additional Paid in Capital - Treasury Stock

Unrealized Loss on Sale

Payroll Tax Expense

Inventories

Treasury Stock

Salaries Payable

Vehicles

Legal Expenses

Loss On Sale

Sales Returns

Insurance Expense

Utilities Expense

Computers

Goodwill

Fees Earned

Accrued Liabilities - Short Term

Capital Stock

Premium on Bonds - Long Term

Additional Paid in Capital - Common Stock

Preferred Stock

Discount on Bonds - Long Term

Cash

Bonds Payable - Long Term Portion

Leasehold Improvements

Interest Expense

Sales Tax Payable

Warranties Payable - Short Term Portion

Accumulated Depreciation

Sales Allowances

Rent Expense

Depreciation Expense

Cost Of Goods Sold

Common Stock

Contributed Capital

Long Term Investments

Entertainment Expense

Land

Meals Expense

Unearned Revenue - Current Portion

Notes Payable - Long Term Portion

Intellectual Property

Retained Earnings

Unearned Revenue - Long term Portion

Accounts Receivable

Income Tax Payable

Gain On Sale

Interest Income

Revenues

In: Accounting