LLC's ease of conversion to another business form?
What will be an ideal response?
Answer: May change to general or limited partnership or corporation; legal paperwork involved.
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How does Problem Management work with Change Management?
A. By installing changes to fix problems B. By negotiating with Incident Management for changes in IT for Problem resolution C. By issuing RFCs for permanent solutions D. By working with users to change their IT configurations
Peter Corporation owns a 70% interest in Sundown Corporation acquired several years ago at a price equal to book value and fair value
On December 31, 2013, Sundown had $300,000 par of 6% bonds outstanding with an unamortized premium of $30,000. The bonds mature in five years and pay interest on January 1 and July 1. On January 2, 2014, Peter acquired one-third of Sundown's bonds for $117,000. Peter and Sundown use straight-line amortization. Sundown reports net income of $250,000 for 2014. Peter uses the equity method to account for the investment. Required: 1. Calculate Peter's income from Sundown for 2014. 2. Calculate the noncontrolling interest share for 2014. What will be an ideal response?