On January 1, 2018, Ackerman sold equipment to Brannigan (a wholly owned subsidiary) for $250,000 in cash. The equipment had originally cost $225,000 but had a book value of only $137,500 when transferred. On that date, the equipment had a five-year remaining life. Depreciation expense is computed using the straight-line method.

Ackerman reported $350,000 in net income in 2018 (not including any investment income) while Brannigan reported $114,500. Ackerman attributed any excess acquisition-date fair value to Brannigan's unpatented technology, which was amortized at a rate of $4,500 per year.

a.) What is consolidated net income for 2018?

b.) What is the parent's share of consolidated net income for 2018 if Ackerman owns only 90 percent of Brannigan?

c.) What is the parent's share of consolidated net income for 2018 if Ackerman owns only 90 percent of Brannigan and the equipment transfer was upstream?

d.) What is the consolidated net income for 2019 if Ackerman reports $370,000 (does not include investment income) and Brannigan $125,000 in income? Assume that Brannigan is a wholly owned subsidiary and the equipment transfer was downstream.

On December 31, 2017, Berclair Inc. had 260 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $200 million. The income tax rate is 40%. Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2013. The options are exercisable as of September 13, 2017, for 30 million common shares at an exercise price of $56 per share. During 2018, the market price of the common shares averaged $70 per share. In 2014, $62.5 million of 8% bonds, convertible into 6 million common shares, were issued at face value.

Required: Compute Berclair’s basic and diluted earnings per share for the year ended December 31, 2018.

A delivery truck was acquired on January 1, 2017, at a cost of $65,000. The delivery truck was originally estimated to have a residual value of $5,000 and an estimated life of five years. The truck is expected to be driven a total of 200,000 kilometers during its life, distributed as:

Using the straight-line, units-of-production, and double-diminishing balance methods, answer the following questions.

1. The 2017 depreciation expense using the units-of-production method is:

2. The 2018 depreciation expense using the straight-line method is:

3. The 2018 depreciation expense using the double-diminishing balance method is:

4. The 2019 depreciation expense using the units-of-production method is:

5. The book value on December 31, 2018, using the straight-line method is:

6. The book value on December 31, 2018, using the double-diminishing balance method is:

7. Which method results in the lowest depreciation expense in the first two years?

8. Prepare the adjusting entry to record the 2020 depreciation expense based on the units-of- production method.

During 2016 (its first year of operations) and 2017, Batali Foods used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of 2018, Batali decided to change to the average method for both financial reporting and tax purposes.

Income components before income tax for 2018, 2017, and 2016 were as follows ($ in millions):

Dividends of $34 million were paid each year. Batali’s fiscal year ends December 31.

Required:
1. Prepare the journal entry at the beginning of 2018 to record the change in accounting principle. (Ignore income taxes.)
2. Prepare the 2018–2017 comparative income statements.
3. & 4. Determine the balance in retained earnings at January 2017 as Batali reported using FIFO method and determine the adjustment of balance in retained earnings as on January 2017 using average method instead of FIFO method.

Viscoelasticity and the non-linear rheology of polymers are responsible for phenomena such as rod climbing or die swell as well as part of the challenge of processing polymer melts. 1) explain why from a polymer physics point of view polymer melts can have non-Newtonian behaviors that do not scale linearly with molecular weight and 2) explain what one of these two examples are and posit an explanation for it.

It is believed that 1/4 of adults over 50 years old graduated from high school. We want to see if the percentage is the same for 30 year olds. How many should we survey in order to estimate the proportion of non-grads within 0.06 with 90 % confidence? Suppose we have no idea of the % of non-grads, what would be the "n" value?

The Austrian Trade-Cycle Theory of the Business Cycle assumes:

                        a.) the recurrence of the business cycle is a monetary phenomenon.

                        b.) the non-neutrality of money. Money has a driving force of its own.

                        c.) mal-investments are introduced in the boom of the business cycle and not in

                              the bust of the cycle. Capital consumption is the characteristic feature of the

      bust of a non-financial crisis business cycle.

d.) all of the above.

1. Given the non-template strand of DNA, draw the template strand with the 5' and 3' ends labeled. Draw the RNA molecule with the proper 5' and 3' ends labeled

Non-Template Strand: 3'- AAT GCT CGT AGC TTC GAT CGG ATC GA-5'

2. How many amino acids would the RNA molecule code for?

Given a list of numbers, could you build a Turing machine to sort them into non-decreasing order? Non-decreasing order is essentially the same thing as increasing order, except that it recognizes that some of the numbers might be repeated. Explain why this is or why this is not possible. Do not try to give an algorithm or even a description of how the machine would work--just an explanation as to why it is or is not possible.

Write a function lbs2lboz(p) that takes a non-negative number, p , that represents a weight in pounds and outputs a pair (l,o) such that l is an integer and p=l+o/16.

Write a function oz2lboz(oz) that takes a non-negative number, oz , that represents a weight in ounces and outputs a pair (l,o) such that l is an integer and oz=l*16+o.

on python