Balance sheet, income, and dividend data for Amber Corporation, Blair Corporation, and Carmen Corporation at January 1, 20X3, were as follows:
Amber Blair Carmen
Account Balances Corporation Corporation Corporation
Assets Cash $ 70,000 $ 60,000 $ 20,000
Accounts Receivable 120,000 80,000 40,000
Inventory 100,000 90,000 65,000
Fixed Assets (net) 450,000 350,000 240,000
Total Assets $ 740,000 $ 580,000 $ 365,000
Liabilities & Equity Accounts Payable $ 105,000 $ 110,000 $ 45,000
Bonds Payable 300,000 200,000 120,000
Common Stock 150,000 75,000 90,000
Retained Earnings 185,000 195,000 110,000
Total Liabilities & Equity $ 740,000 $ 580,000 $ 365,000
Income from Operations in 20X3 $ 220,000 $ 100,000 Net Income for 20X3 $ 50,000
Dividends Declared & Paid 60,000 30,000 25,000
On January 1, 20X3, Amber Corporation purchased 40 percent of the voting common stock of Blair Corporation by issuing common stock with a par value of $40,000 and fair value of $130,000. Immediately after this transaction, Blair purchased 25 percent of the voting common stock of Carmen Corporation by issuing bonds payable with a par value and market value of $51,500.
On January 1, 20X3, the book values of Blair’s net assets were equal to their fair values except for equipment that had a fair value $30,000 more than book value and patents that had a fair value $25,000 more than book value. At that date, the equipment had a remaining economic life of eight years, and the patents had a remaining economic life of five years. The book values of Carmen’s assets were equal to their fair values except for inventory that had a fair value $6,000 in excess of book value and was accounted for on a FIFO basis.

Answers

Answer 1

Answer:

The total amount of dividends declared and paid for all three corporations combined is $115,000 ($60,000 + $30,000 + $25,000).

Explanation:

The total liabilities and equity for all three corporations combined is $1,685,000 ($740,000 + $580,000 + $365,000).

How much goodwill resulted from the purchase of Blair Corporation?

The purchase of Blair Corporation resulted in $75,000 ($130,000 fair value of stock issued minus $55,000 portion of Blair's net assets acquired) of goodwill.

Carmen Corporation’s inventory balance after the adjustment for the fair value increase. Carmen Corporation's adjusted inventory balance after the fair value increase is $71,000 ($65,000 + $6,000).The total amount of dividends declared and paid for all three corporations combined will be the total amount of dividends declared and paid for all three corporations combined is $115,000 ($60,000 + $30,000 + $25,000).

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Related Questions

what are some choices you have made/could make that would influence your future choices and options?

i rly need someone's help asap, thanks in advance! (not business, it's career ed. just chose the subject closest to it).​

Answers

Answer:

I would have good company.

I would ensure that I have good communication skills.

I would have a mentor in my choice of career/study or life in general.

I would have a personal relationship with God.

Explanation:

In order for me to influence my future choices positively,I have to uphold certain principles or values like honesty,open mindedness and tolerance so as to achieve my goals.

The economic activities that typically produce an intangible product are referred to as part 2
a. products.
b. phantoms.
c. goods.
d. services.

Answers

The economic activities that typically produce an intangible product are referred to as services. Therefore, the option D holds true.

What is the significance of an intangible product?

An intangible product can be referred to or considered as a product that cannot be touched or seen, but only felt by a consumer who purchases such product.

For example, an intangible product can be something that is offered by a professional, such as a lawyer. A lawyer offers advocacy as a part of his or her services to the clients, and thus, intangible products are services.

Therefore, the option D holds true and states regarding the significance of intangible product.

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The format of the question seems to be inappropriate. It has been added below for better reference.

The economic activities that typically produce an intangible product are referred to as ______.

a. products.

b. phantoms.

c. goods.

d. services.

Part of the movement to humanize bureaucracy includes a. more rigid hierarchical structures. b. efforts to reduce the amount of informal activity in the workplace. c. putting organizational needs above competing responsibilities. d. efforts to reduce the number of people in dead-end jobs.

Answers

Part of the movement to humanize bureaucracy includes:

d. efforts to reduce the number of people in dead-end jobs.

What is Bureaucracy?

This refers to the rigid network through which an organization functions and operates through the use of official channels to accomplish tasks which can be viewed as tiresome and burdensome.

With this in mind, we can see that as part of the efforts to try and humanize bureaucracy, there have been efforts in place to try and reduce the number of people that work dead end jobs.

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explain the effect of climate change in the economy of nepal​

Answers

Nepal suffers excessive monetary expenses because of modern weather variability and extremes: the envisioned direct cost of those influences is equal to 1.5–2% of modern GDP/year. This is excessive via way of means of global levels.

What is the climate of Nepal?

The weather in Nepal varies from subtropical withinside the lowlands to chilly excessive-altitude weather withinside the mountains.

The country reports five unique seasons: summer, monsoon, autumn, iciness, and spring. During iciness, the Himalayas block the cold air, inflicting it to be pretty heat south of the Himalayas.

Therefore, Nepal suffers a huge economic loss due to the climatic conditions prevailing in the country.

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8. One of Hope's coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover
the shifts. Which of Hope's deductions will definitely change as a result?
a. Her Federal tax
b. Her health
C. Her dental
d. Her retirement

Answers

Answer:

A

Explanation:

The aspect of Hope's deductions that will definitely change as a result is Her Federal tax

Federal income taxes are simply known to be collected by the federal government to pay their bills

State taxes are often collected by individual state governments to pay their specific state bills.

Income tax are simply regarded as Taxes on income, both earned in salaries, wages, tips, commissions and also those unearned in form of interest and dividends.

Conclusively, Income taxes can be levied on both individuals and businesses.

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The difference between revenue and cost of goods sold is called:
gross profit
owner's equity
cost of goods sold
net income before taxes

Answers

Answer:

gross profit

Explanation:

Revenue is the income gained through the sales of goods and services to customers. It is the money received from customers when they buy from a business.

Costs of goods sold are the expenses incurred in producing goods meant for sales. It is composed of the direct cost of the manufacturing process. Costs of goods sold include direct materials, direct labor costs, and direct overhead costs.

Gross profit is equal to sales minus direct costs.  Revenue is the same as sales, and direct costs are similar to the costs of goods sold. Therefore, revenue minus costs of goods sold is equal to gross profit.

why did God call abraham​

Answers

Answer: god chose Abraham and said i will make you a great nation and i will bless you.

Explanation: god commanded  Abram to move to another country . This is why god planned to make of Abram a new nation from which the prophets of god and the savior of the world would arise.

When a bond is sold at a premium, the carrying value will _______ each period that the premium is amortized. multiple choice question. decrease increase stay the same

Answers

When a bond is sold at a premium, the carrying value will decrease each period that the premium is amortized. Option A



The carrying value of a bond is the book value or accounting value of the bond on the balance sheet. It represents the amount for which the bond is recorded in the company's financial statements.

When a bond is sold at a premium, it means that the bond is sold for more than its face value or par value. For example, if a bond has a face value of $1,000 and it is sold for $1,050, the premium would be $50.

Premium amortization is the process of allocating the premium over the life of the bond. This is typically done using the effective interest method. Under this method, a portion of the premium is amortized each period and is recorded as an interest expense.

As the premium is amortized, the carrying value of the bond decreases. This is because the premium is gradually being reduced or "written off" over the life of the bond. The carrying value decreases each period as the premium is being expensed, resulting in a lower carrying value of the bond on the balance sheet.

To summarize, when a bond is sold at a premium, the carrying value will decrease each period that the premium is amortized. This is because the premium is gradually being written off as an interest expense over the life of the bond.

Option A

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The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?

Answers

Answer:

The case was never heard in the United States Supreme Court.

Explanation:

The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.

Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.

our self-talk consists of words pictures and emotions. as we imprint our affirmations we

Answers

Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.

What are the four categories of self-talk?

Your inner discourse is known as self-talk.

Personalizing. You own all of the guilt for yourself.

Magnifying.

Catastrophizing.

Polarizing.

What are the five tiers of one's own self-talk?

Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.

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When a friend posts funny pictures on his social networking account and you write “LOL” in the comments you are using : (select all that apply )

Answers

Answer:

indirect communication and an acronym

Explanation:

I just took the test

Active listening is a process of communication in which the listener engages the speaker by repeating or rephrasing the speaker’s words; the listener may also mirror body language or _____.

apathetic behavior
tone of voice
nervous tics
hand gestures

Answers

Answer: tone of voice

Explanation:

Active listening refers to a process of communication whereby the speaker is engaged by the listener who repeats the words or statements heard.

Active listening involves the individual listening with all his or her senses and giving the speaker all the attention needed.

In active listening, the listener can mirror the body language or the tone of voice of the speaker. Active listening can be either acquired or developed through constant practice.

what is the main purpose of alcohol when doing poly gel nails?

Answers

Answer:

Gel gloss are included stronger components that realize the nail tighter than traditional lacquers and also are solid sufficient to withstand day-to-day wear and tear without damaging, discusses Essie Global Lead Instructor Rita Comment. A few distinctions in between the formula and also your normal lacquer? Gel polishes are much more adaptable, so they withstand chips; Gels are treated under a UV or LED light and brightens treatment in oxygen. Gels have to be eliminated by soaking in acetone for at the very least 10 minutes, while polishes can be quickly wiped away with nail gloss cleaner.

Explanation:

How likely is it that competitors will choose a similar vision to the one you have selected? Be aware they are working with the same information as you and how that will affect Porter's Five Forces (barriers to entry for example)

Answers

Competitors using the same information can lead to increased competition and reduced barriers to entry, altering Porter's Five Forces framework.

The likelihood of competitors choosing a similar vision depends on the uniqueness of the vision itself, the level of market competition, and the availability of information. If a vision is highly innovative and differentiated, competitors may find it challenging to replicate or choose a similar vision. However, if the market is highly competitive and information is readily available, competitors may be more likely to adopt similar visions in order to stay relevant and capture market share.

In terms of Porter's Five Forces framework, the adoption of a similar vision by competitors can affect the barriers to entry. If multiple competitors share the same vision and strategy, it may lead to increased competition and reduced barriers to entry in the market. This can result in intensified price competition, increased rivalry, and potentially lower profitability for all market participants. As a result, companies need to continuously innovate and differentiate their vision and strategies to maintain a competitive advantage and mitigate the impact of potential imitations by competitors.

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Explain how most businesses are both debtors and creditors.

Answers

Answer:

The reason why most companies are both debtors and creditors is that customers can owe services to companies and they have economic commitments to pay.

Job #4260 consisted of 1,000 units at a total cost of $200,000. The cost transferred to cost of goods sold for the sale of 600 of the units is ______.

Answers

The answer is: 120,000

Explanation:

job #4260 consisted of 1,000 units at a total cost of $200,000. The cost transferred to cost of goods sold for the sale of 600 of the units is:

total cost / units x sale of units
200,000 / 1,000 x 600
= 120,000

The cost transferred to cost of goods sold for the sale of 600 of the units is 120,000. Frequently, market analysts use models with two sources of info: actual capital, with amount K and work, with amount L.

What is Total cost?

In financial matters, total cost (TC) is the base dollar cost of creating some amount of result.

This is the total monetary cost of creation and is comprised of variable cost, which changes as indicated by the amount of a decent delivered and incorporates information sources like work and natural substances.

Work #4260 comprised of 1,000 units at a total cost of $200,000. The cost moved to cost of products sold for the offer of 600 of the units is

Total cost / units x sale of units

200,000 / 1,000 x 600

= 120,000

The negligible cost can likewise be determined by tracking down the subordinate of total cost or variable cost. Both of these subsidiaries work in light of the fact that the total cost incorporates variable cost and fixed cost, yet fixed cost is a consistent with a subsidiary of 0.

The total cost of delivering a particular degree of result is the cost of the multitude of variables of creation. Total cost in financial matters incorporates the total open door cost (benefits got from the following best other option) of each element of creation as a feature of its fixed or variable costs.

Therefore The extra total cost of one extra unit of creation is called minor cost.

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what independent sales branch is being replaced by a manufacturer sales branch

Answers

the independent one is the one left alone

What is the total monthly payment for this mortgage? Principal Per Month: $150 Interest Per Month: $820 Property Tax Per Year 0.5 percent of the value of the house ($140,000) Home Insurance Per Year $360 PMI Per Month $50 $58.33 $1,108.33 $970 $1,050

Answers

Answer:

its is 970

Explanation:

A corporation can trade its stocks in the financial markets as ____.

Answers

Answer:common stocks

Explanation:

What is the definition of hangry my friend keeps saying it but i dont understand

Answers

Answer:

hangry is when you feel hungry and angry at the same time

Explanation:

basically, your angry because of the fact that your hungry

Chan has opened a savings account at a bank near his house. He has been given the option of online access to all transactions from this new account. He now has to decide on a password to secure the online access to his bank account. Which password can Chan use for maximum security?

Answers

Prioritize password length: Secure passwords should have at least 16 characters in order to lessen the possibility of becoming a victim of a data leak or hack. So, for maximum security, Chan can use the password (C) 123456chanbankacc!.

What do we mean by password security?

Put password length first: To reduce the likelihood of being a victim of a data breach or cyberattack, secure passwords should be at least 16 characters long.

Do not reuse passwords: Credential stuffing attacks, which are regularly exploited by hackers, put you in danger if you use the same password for many accounts.

The first line of security against unwanted access to your computer and personal information is provided by passwords.

Your computer will be more secure from hackers and bad malware if your password is strong.

Strong passwords should be used for every account on your computer.

Try to include both upper- and lowercase characters, numerals, and symbols.

The use of dictionary terminology should be avoided. Swimming1 is an example of a bad password.

Therefore, prioritize password length: Secure passwords should have at least 16 characters in order to lessen the possibility of becoming a victim of a data leak or hack. So, for maximum security, Chan can use the password (C) 123456chanbankacc!.

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Complete question:
Chan has opened a savings account at a bank near his house. He has been given the option of online access to all transactions from this new account. He now has to decide on a password to secure online access to his bank account. Which password can Chan use for maximum security?

A. chan123

B. chan1234

C. 123456chanbankacc!

D. 12345chan

An organized group of laws is referred to as a code?

Answers

Answer:

laws. enforceable rules of conduct in a society. code. laws grouped into an organized form. common law.

influences of Business environment,​

Answers

Factors that Influence the business environment are :

Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment

The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.

Importance of business environment:

Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.

The economic environment is all the things that create an economic impact on the firm.

The social environment is all the traditions and customs of the society that creates an impact on the firm.

The technological environment is all the impact on the firm caused due to new technology and upgradations.

The political environment is the conditions and behavior that the elected representatives hold toward the business

The legal environment is entirely based on the rules and legislation of the authorities.

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How do Amazon.com’s logistics and supply chain management activities help the company create value for its customers? What systems did Amazon develop to improve the flow of products from suppliers to Amazon distribution centers? What systems improved the flow of orders from the distribution centers to customers?

Answers

Amazon's logistics and supply chain management activities create value for customers by ensuring timely delivery, convenience, and a wide product selection.

The company's developed systems like Vendor Central enable efficient coordination with suppliers, while their extensive transportation network optimizes product flow to distribution centers. For improving order flow, Amazon's Fulfillment Center network strategically located globally facilitates quick delivery. The Prime membership program offers free two-day shipping, driving customer loyalty.

Additionally, Amazon Logistics enhances delivery control and efficiency. These systems, along with technology-driven innovations, contribute to Amazon's ability to provide customers with a seamless shopping experience and reliable, fast deliveries.

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costs that a firm remaining in business will still incur even if it halts current production are called

Answers

They are “fixed costs”

there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?

Answers

Answer:

The price of the cereal would fall.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.

What do most states use as a general guideline for punitive damages?
A.Four times the amount of special damages
B.One half of the amount paid for proven damages
C.Ten times the amount of special damages
D.An amount equal to special damages

Answers

Answer:

four times

Explanation:

just answered

Answer:

A. Four times the amount of special damages

Explanation:

If given an option between a sure gain of ten dollars or a twenty percent chance of gaining fifty dollars and a eighty percent chance of gaining nothing, most people would take the:__________.

Answers

Answer:

tt

Explanation:

According to economists,
almost everything we do
has costs and benefits.
Identify the costs and
benefits of each of the
following: getting a dental
checkup and getting an
extra hour of sleep.

Answers

A cost means the amount of money or resources expended on something while a benefit means the thing that we gain from an actitivy.

What is C & B of getting a dental checkup?

The benefits of going to the dentists is to get your teeth cleaned but the cost is paying for the dentist and maybe going for another checkup.

What is C & B of getting an extra hour of sleep?

The benefits of getting an extra hour of sleep is that you will be more alert in the morning but the cost is you get less time to do things.

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3.Why do organized businesses exist? What do they provide? What
are their strengths and weaknesses?

Answers

Organized businesses exist to create and provide goods or services to customers and to generate profit for their owners or shareholders. They provide a range of benefits to society, including job opportunities, economic growth, and access to goods and services that people need or desire.

One of the primary reasons for the existence of organized businesses is to create and provide goods and services to customers. By organizing resources such as labor, capital, and materials, businesses can produce goods and services more efficiently and effectively than individuals working independently. This enables businesses to create products at a lower cost, which makes them more affordable and accessible to a larger customer base.

Organized businesses also play a critical role in driving economic growth. They create job opportunities, generate tax revenue for governments, and stimulate the development of new technologies and ideas. Additionally, they contribute to the growth of other industries by purchasing goods and services from suppliers and supporting the growth of small businesses through partnerships and collaborations.

Finally, organized businesses provide a means for investors to earn a return on their investments. By generating profit, businesses create value for their owners or shareholders, who can use these returns to reinvest in the business, pay dividends, or fund other projects.

In summary, organized businesses exist to create and provide goods and services to customers, stimulate economic growth, and provide a return on investment to their owners or shareholders. They are essential to the functioning of modern economies and provide a range of benefits to society as a whole.

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Other Questions
convert 25meter square into centimeter square Determine whether the Law of Sines or the Law of Cosines is needed to solve the triangle. Then solve the triangle. Round your answer to two decimal places. a= 19, b= 21. C = 75 = O Law of Sines: A = 75, B = 48.770, = 21 O Law of Sines; A = 48.77, B = 75, c = 21 Law of Sines: No solution Law of Cosines: A = 48.77, B = 56.23 c = 24.40 A(n) ________ is a device that enables members of a local network to access the network while keeping nonmembers out of the network. Question content area bottom Part 1 A. firewall B. electronic sensor C. burglar alarm D. fireproof vault What is my mistake in this case? What happens when a base dissolves?A. It increases the concentration of OH in solution.B. It increases the concentration of H+ in solution.C. It adds oxygen to the solution.D. It is no longer dangerous. write 8/16 in fully reduced fraction : what kind of animal do you think your initial average reflected? what kind of animal did the average of your final round reflect? Evaluate the expression for the given value of the variables.0.7g - 1.7hg= 17, h = 30.7g - 1.7h = Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the following futures quotes, 1 on the British pound () to speculate on the value of the pound. a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3982/, what is the value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4562/, what is the value of her position? c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4562/, what is the value of her position? d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3982/, what is the value of her position? a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3982/, what is the value of her position? The value of Tony's position is $. (Round to the nearest cent. Use a minus sign if value is negative.) X i Data Table (Click on the icon to import the table into a spreadsheet.) British Pound Futures, US$/pound (CME) Maturity Open High Low March 1.4246 1.4268 1.4214 June 1.4164 1.4188 1.4146 Settle 1.4228 1.4162 Change 0.0032 0.0030 Contract = 62,500 pounds High Open Interest 1.4700 25,605 1.4550 809 Print Done a stick of length 1 into two pieces, with the breakpoint being chosen uniformly at random over the stick. a right triangle t is drawn with the two smaller sticks as its legs. find the expected value of the square of the length of the hypotenuse of t. Reasons for vietnam war One of the most common diseases of young children in developed nations is _____. 13. The following sentence is in what tense?Laura has gone to the local food bank.A. Present perfectB. PastC. PresentD. Past perfect Who likes NCT? Who is your bias or biases? HELPPPPPPhow far Wilson seemed to have achieved his aims Where would 3 /1/2 and 3 1/12 be on the number line Business leaders opposed workers of a particular industry forming _______. A group of randomly selected Gamin Middle School athletes were asked to pick their favorite sport. The bar graph below shows the results of the survey. There are 414414414 athletes at Gamin Middle School.A bar graph where the vertical axis is labeled number of atheletes and the horizontal axis is labeled sport. Football bar extends to 15. The basketball bar extends to 9. The hockey bar extends to 10. The baseball bar extends to 8. The other bar extends to 3.A bar graph where the vertical axis is labeled number of atheletes and the horizontal axis is labeled sport. Football bar extends to 15. The basketball bar extends to 9. The hockey bar extends to 10. The baseball bar extends to 8. The other bar extends to 3.Based on the data, what is the most reasonable estimate for the number of Gamin Middle School athletes whose favorite sport is hockey?Choose 1 answer:Choose 1 answer: which law explains why we tend to group items that are close together? Consumer surplus is equal to the difference between.