Questions
14.       Cleaverland purchased 100% of Omaha on January 1, 2019 for $650,000. On that date,...

14.       Cleaverland purchased 100% of Omaha on January 1, 2019 for $650,000. On that date, Omaha's stockholders' equity was $650,000, and the recognized book values of Ottowa’s individual net assets approximated their fair values. Omaha had net incomes of $150,000 and $190,000 for 2019 and 2020, respectively. The subsidiary paid dividends amounting to $30,000 in both years. Cleaverland uses the equity method to account for its pre-consolidation investment in Omaha.

What was the balance in Equity Investment at December 31, 2020?

a. $650,000

b. $710,000

c. $990,000

d. $930,000

15.       Brendon, Inc. acquired 100% of Weston Enterprises on January 2, 2020. During 2020, Brendon sold Weston for $700,000 goods which had cost $500,000. Weston still owned 40% of the goods at the end of the year. In 2021, Brendon sold goods with a cost of $500,000 to Weston for $700,000, and the buyer still owned 40% of the goods at year-end. For 2021, cost of goods sold was $1,000,000 for Brendon and $990,000 for Weston.

What was consolidated cost of goods sold for 2021?

a.   $1,370,000

b.   $1,290,000

c.   $1,870,000

d.   $1,990,000

Clearwater Co. owned all of the voting common stock of Kelley, Inc. On January 2, 2020 Clearwater sold equipment to Kelley for $350,000. The equipment had cost Clearwater $425,000. At the time of the sale, the balance in accumulated depreciation was $125,000. The equipment had a remaining useful life of eight years and no salvage value.

16.       For the consolidated balance sheet at December 31, 2021, at would amount would the equipment (net) be included?

a.   $225,000

b. $262,500

c.   $306,250

d. $-0-

On April 1, 2020, Republic Company sold equipment to its wholly owned subsidiary, Barre Corporation, for $40,000. At the time of the transfer, the asset had an original cost (to Republic) of $60,000 and accumulated depreciation of $25,000. The equipment has a five year estimated remaining life.Barre reported net income of $250,000, $270,000 and $310,000 in 2020, 2021, and 2022, respectively. Republic received dividends from Barre of $90,000, $105,000 and $120,000 for 2020, 2021, and 2022, respectively.

17.        What was the amount of the gain or loss on the sale of equipment reported by Republic on its pre-consolidation income statement in 2020?

a. $-0-

b. $ 5,000 gain

c.    $20,000 loss

d. $35,000 gain

18.       What was the amount of the credit to depreciation expense on the 2021 consolidation worksheet?

a. $   750

b.   $-0-

c.   $1,000

d.   $1,600

In: Accounting

Classification General Indications Adverse Side Effects Contraindications Labs to Review

Please help to answer question for 5 drugs

1. Classification:

2. General Indications

3. Adverse Side Effects:

4. Contraindications:

5. Labs to Review:

6. Special Considerations (Before administration, After administration, Nursing Considerations)

Drug name

1.acetaminophen (TYLENOL)

2. LORazepain (ATIVAN)

3. Heparin 5,000 units/mL injection

4. HydroCHLOROthiazide

5. Tamsulosin (FLOMAX )

Please answer base on David guide drug book

In: Nursing

A local Birmingham-area restaurant chain introduced a new summer menu in its Vestavia Hills location, but...

A local Birmingham-area restaurant chain introduced a new summer menu in its Vestavia Hills location, but not its Mountain Brook location. Nightly revenue averaged $6,000 in Vestavia Hills and $4,000 in Mountain Brook before the menu change, but $7,000 in Vestavia Hills and $3,000 in Mountain Brook after the menu change. The difference-in-difference estimate of the increase in average nightly revenue attributable to the menu change is

a.$4,000

b. $0

c.$1,000

d.$2,000.

In: Economics

November 21, 1980, was the day of a tragic fire in the MGM Grand Hotel in...

November 21, 1980, was the day of a tragic fire in the MGM Grand Hotel in Las Vegas. At the time of the fire, the hotel had only $30 million of liability insurance. One month after the fire, the hotel bought an extra $170 million of liability coverage for a premium of $37.5 million, retroactive to November 1, 1980 (before the fire). Based on your knowledge of present value concepts, why would insurers be willing to issue insurance to MGM under these conditions?

In: Finance

A young lady is recommended to use 2mg nicotine chewing as products of smoking cessation at...

A young lady is recommended to use 2mg nicotine chewing as products of smoking cessation at a pharmacy. Which advice is suitable?

A. Keep chewing the gum until the gum taste vanish
B. After using the gum, rinse her mouth
C. To decrease no. of pieces of gum slowly by degree over a few weeks
D. Start using the gum a week before quit date
E. When getting strong desire to smoke, chew two pieces of gums

In: Biology

John bought a car three years ago for $20,000 for personal use.  In 2002, his car was...

John bought a car three years ago for $20,000 for personal use.  In 2002, his car was totally destroyed by a tree that fell on the car.  John did not have insurance that covered this event.  The car’s fair market value before the tree came down was $9,000 and it was worth $0 after the accident.  He has no other personal casualty gains or losses and his AGI for the year was $50,000.  John’s personal casualty loss is $8,000. True/False and Explain.

In: Accounting

A pizza pan is removed at 2 : 00 PM2:00 PM from an oven whose temperature...

A pizza pan is removed at

2 : 00 PM2:00 PM

from an oven whose temperature is fixed at

425 degrees  into a room that is a constant

71 degrees   

After 5​ minutes, the pizza pan is at 300 degrees F.300°F.

​(a) At what time is the temperature of the pan 125 degrees F?

​(b) Determine the time that needs to elapse before the pan is 200 degrees .

​(c) What do you notice about the temperature as time​ passes?

In: Math

River Cruises is all-equity-financed with 100,000 shares. It now proposes to issue $250,000 of debt at...

River Cruises is all-equity-financed with 100,000 shares. It now proposes to issue $250,000 of debt at an interest rate of 10% and to use the proceeds to repurchase 25,000 shares. Suppose that the corporate tax rate is 21%. Calculate the dollar increase in the combined after-tax income of its debt-holders and equity-holders if profits before interest are: (Do not round intermediate calculations.)

a. 75,000

b. 100,000

c. 175,000

what is the increase in cash for for a b and c

In: Finance

Bob is NPO(nothing by mouth), has a nasogastric tube in place, is receiving full-strength Isocal formula...

Bob is NPO(nothing by mouth), has a nasogastric tube in place, is receiving full-strength Isocal formula at 80ml/hr, and has an order to receive a liquid suspension medication.

How would you prepare this tube feeding?

What assessments and nursing considerations are important for patients who receive tube feedings? What complications should the nurse be aware of?

Before,

During,

and After  

Describe process for administering Ms. Round her liquid suspension medication

In: Nursing

Sam’s Shingle Corporation is considering the purchase of a new automated shingle-cutting machine. The new machine...

Sam’s Shingle Corporation is considering the purchase of a new automated shingle-cutting machine. The new machine will reduce variable labor costs but will increase depreciation expense. Contribution margin is expected to increase from $303,660 to $342,220. Net income is expected to be the same at $48,200.

Compute the degree of operating leverage before and after the purchase of the new equipment. (Round answers to 1 decimal place, e.g. 1.5.)

Degree of operating leverage (old) =

Degree of operating leverage (new)=

In: Accounting