Questions from Advanced Accounting

Q: What is consolidated net income for 2021? a. $

What is consolidated net income for 2021? a. $194,000 b. $197,500 c. $203,000 d. $238,000

Q: Assuming that Pride, in its internal records, accounts for its

Assuming that Pride, in its internal records, accounts for its investment in Star using the equity method, what amount of retained earnings would Pride report on its January 1, 2021, consolidated bala...

Q: Prior to 2018, Celgene Corporation, a biopharmaceutical company (with

Prior to 2018, Celgene Corporation, a biopharmaceutical company (with specialities in oncology, inflammation, and immunology) had owned a 9.6 percent equity interest in Juno Therapeutics Inc. (Juno)....

Q: Thomson Corporation owns 70 percent of the outstanding stock of Stayer,

Thomson Corporation owns 70 percent of the outstanding stock of Stayer, Incorporated. On January 1, 2019, Thomson acquired a building with a 10-year life for $460,000. Thomson depreciated the building...

Q: What is the total of consolidated revenues? a. $

What is the total of consolidated revenues? a. $500,000 b. $460,000 c. $420,000 d. $400,000

Q: What is the total of consolidated cost of goods sold?

What is the total of consolidated cost of goods sold? a. $140,000 b. $152,000 c. $132,000 d. $145,000

Q: What is the total of consolidated expenses? a. $

What is the total of consolidated expenses? a. $30,000 b. $36,000 c. $37,500 d. $39,000

Q: What is the consolidated total of noncontrolling interest appearing on the balance

What is the consolidated total of noncontrolling interest appearing on the balance sheet? a. $85,500 b. $83,100 c. $87,000 d. $70,500

Q: What is the consolidated total for equipment (net) at December

What is the consolidated total for equipment (net) at December 31? a. $735,000 b. $740,000 c. $760,000 d. $765,000

Q: What is the consolidated total for inventory at December 31?

What is the consolidated total for inventory at December 31? a. $240,000 b. $248,000 c. $250,000 d. $260,000