On January 3, 20X5, Pine Company acquired 75 percent of Sap…

On January 3, 20X5, Pine Company acquired 75 percent of Sap Company’s outstanding common stock for cash. The fair value of the noncontrolling interest was equal to a proportionate share of the book value of Sap Company’s net assets at the date of acquisition. Selected balance sheet data at December 31, 20X5, are as follows:   Pine Sap Total Assets $ 504,000 $ 216,000 Liabilities 144,000 72,000 Common Stock 120,000 60,000 Retained Earnings 240,000 84,000 Total Liabilities & Stockholders’ Equity $ 504,000 $ 216,000 Based on the preceding information, what amount should be reported as noncontrolling interest in net assets in Pine Company’s December 31, 20X5, consolidated balance sheet?

Company A owns 26% in Company B. Company C owns 12% in Compa…

Company A owns 26% in Company B. Company C owns 12% in Company D. Which of the following statements are true? Company A will report ownership in Company B using the Equity Method Company C will report ownership in Company D using the Equity Method Company A will report ownership in Company B using the Fair Value Method Company C will report ownership in Company D using the Fair Value Method

While gait training your patient, you noticed an improved ca…

While gait training your patient, you noticed an improved cadence when assessing the 6- minute walk test. Ultimately this improved the 6- minute walk test score. However, your patient demonstrated poor proximity to AD, increased trunk flexion and mild LOB. Which of the following is the patient demonstrating?