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            On January 1, 2020, Barber Corp. paid $1,160,000 to acquire Thompson Co. Thompson maintained separate incorporation. Barber used the equity method to account for the investment. The following information is available for Thompson’s assets, liabilities, and stockholders’ equity accounts on January 1, 2020:     Book Value Fair Value Current assets $ 130,000   $ 130,000   Land   75,000     193,000   Building (twenty year life)   250,000     276,000   Equipment (ten year life)   540,000     518,000   Current liabilities   26,000     26,000   Long-term liabilities   124,000     124,000   Common stock   233,000         Additional paid-in capital   389,000         Retained earnings   223,000           Thompson earned net income for 2020 of $134,000 and paid dividends of $51,000 during the year.The 2020 total excess amortization of fair-value allocations is calculated to be                         A)    ($2,200).             B)    ($900).            C)    $(1,300).            D)    $(2,100).            E)    $3,500.

Prior to being united in a business combination, Taunton Inc. and Eubanks Corp. had the following stockholders’ equity figures:     Taunton Eubanks Common stock ($1 par value) $ 240,000 $ 64,000 Additional paid-in capital   120,000   30,000 Retained earnings   370,000   14,000   Taunton issued 62,000 new shares of its common stock valued at $2.75 per share for all of the outstanding stock of Eubanks. Assume that Taunton acquired Eubanks on January 1, 2020, and that Eubanks maintains a separate corporate existence. At what amount did Taunton record the investment in Eubanks?               A)    $62,000.              B)    $108,000.            C)    $170,500.            D)    $201,500.            E)    $234,000.             

Which area of the fundus is the central focal point for incoming images?

Vaughn Inc. acquired all of the outstanding common stock of Roberts Co. on January 1, 2020, for $276,000. Annual amortization of $21,000 resulted from this acquisition. Vaughn reported net income of $80,000 in 2020 and $60,000 in 2021 and paid $24,000 in dividends each year. Roberts reported net income of $50,000 in 2020 and $57,000 in 2021 and paid $12,000 in dividends each year. What is the Investment in Roberts Co. balance on Vaughn’s books as of December 31, 2021, if the equity method has been applied?

Crown Company had common stock of $360,000 and retained earnings of $510,000. Baker Inc. had common stock of $750,000 and retained earnings of $970,000. On January 1, 2021, Baker issued 32,000 shares of common stock with a $13 par value and a $37 fair value for all of Crown Company’s outstanding common stock. This combination was accounted for using the acquisition method. Immediately after the combination, what was the amount of total consolidated net assets?

On January 1, 2020, Archer, Incorporated, paid $100,000 for a 30% interest in Harley Corporation. This investee had assets with a book value of $550,000 and liabilities of $300,000. A patent held by Harley having a book value of $10,000 was actually worth $40,000 with a six-year remaining life. Any goodwill associated with this acquisition is considered to have an indefinite life. During 2020, Harley reported net income of $50,000 and paid dividends of $20,000 while in 2021 it reported net income of $75,000 and dividends of $30,000. Assume Archer has the ability to significantly influence the operations of Harley. The balance in the Investment in Harley account at December 31, 2020, is

During the assessment of a geriatric client’s respiratory status, the nurse practitioner determines the presence of increased tactile fremitus

Vaughn Inc. acquired all of the outstanding common stock of Roberts Co. on January 1, 2020, for $276,000. Annual amortization of $21,000 resulted from this acquisition. Vaughn reported net income of $80,000 in 2020 and $60,000 in 2021 and paid $24,000 in dividends each year. Roberts reported net income of $50,000 in 2020 and $57,000 in 2021 and paid $12,000 in dividends each year. What is the Investment in Roberts Co. balance on Vaughn’s books as of December 31, 2021, if the initial value method has been applied?

A 56-year-old sports store manager comes to your clinic, complaining of severe left-sided abdominal pain for 12 hours. He began having a stomachache yesterday, with a decreased appetite, but today the pain seems to be just on the lower left side. He has had some nausea and vomiting but no constipation or diarrhea. His last bowel movement was last night and was a little loose. He has had no fever or chills. He denies any recent illnesses or injuries. His past medical history is unremarkable. He is married. He denies any tobacco or drug use and drinks four to six beers per week. His mother has breast cancer and his father had coronary artery disease. On examination he appears ill and is lying on his right side. His temperature is 100.4 and his heart rate is 110. His bowel sounds are decreased and he has involuntary guarding and pain with palpation in the left lower quadrant. His rectal, inguinal, prostate, penile, and testicular examinations re normal. What is the most likely cause of his pain?

How does the partial equity method differ from the equity method?