Equal currents of magnitude travel out of the page in wires…
Questions
Equаl currents оf mаgnitude trаvel оut оf the page in wires M and N. Eight directions are indicated by letters A through H. The direction of the magnetic field at point P, which has equal distance from wires M and N, is fig_q11_final.jpg
Infоrmаtiоn fоr Questions 24-27 On Jаnuаry 1, 20x4, Penn Corporation acquired 80 percent of Senn Corporation’s $10 par common stock for $950,000. On this date, the fair value of the non-controlling interest was $237,500, and the carrying amount (book value) of Senn’s net assets was $1,000,000. The fair values of Senn’s identifiable assets and liabilities were the same as their carrying amounts except for plant assets (net) with a remaining life of 20 years., which were $100,000 in excess of the carrying amount. For the year ended December 31,20x4, Senn had net income of $180,000 and paid cash dividends totaling $100,000. For your answers: Round your answer to the nearest dollar. Enter your answer as a number with no decimal places and no dollar ($) sign. You may enter the number with or without the comma separator (e.g., 28,374 or 28374). For partial credit: After stating your answer, show how you arrived at your answer. (e.g., 13,000 [= 7,000 from " " + 6,000 from " "]) Include any explanations or logic used to arrive at your answer.
Infоrmаtiоn fоr Questions 20-22 On Jаnuаry 1, 20X6, Penn Corporation acquired 70 percent of Senn Company's common stock for $210,000 cash. The fair value of the noncontrolling interest at that date was determined to be $90,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: Balance Sheet Assets Accounts and explanation Penn Senn Cash $ 50,000 $ 15,000 Accounts receivable 70,000 25,000 Inventory 30,000 20,000 Land 150,000 80,000 Buildings and equipment 250,000 200,000 Less: accumulated depreciation (70,000) (20,000) Investment in Spice Co. 210,000 Total Assets $ 690,000 $ 320,000 Balance Sheet Liabilities and Equity Accounts and explanation Penn Senn Accounts payable $ 40,000 $ 10,000 Bonds payable 150,000 40,000 Common stock 300,000 90,000 Retained earnings 200,000 180,000 Total Liabilities and Equity $ 690,000 $ 320,000 At the date of the business combination, the book values of Senn's assets and liabilities approximated fair value except for inventory, which had a fair value of $35,000, and land, which had a fair value of $85,000. For your answers: Round your answer to the nearest dollar. Enter your answer as a number with no decimal places and no dollar ($) sign. You may enter the number with or without the comma separator (e.g., 28,374 or 28374). For partial credit: After stating your answer, show how you arrived at your answer. (e.g., 13,000 [= 7,000 from " " + 6,000 from " "]) Include any explanations or logic used to arrive at your answer.