On April 1, 2021, BigBen Company acquired 30% of the shares of LittleTick, Inc. BigBen paid $100,000 for the investment, which is $40,000 more than 30% of the book value of LittleTick's identifiable net assets. BigBen attributed $15,000 of the $40,000 difference to inventory that will be sold in the remainder of 2021, and the rest to goodwill. LittleTick recognized a total of $20,000 of net income for 2021, and paid total dividends for the year of $10,000; these dividends were issued quarterly. BigBen's investment in LittleTick will affect BigBen's 2021 net income by:
A. A loss of $10,500.
B. Earnings of $4,500.
C. Earnings of $3,450.
D. Earnings of $1,125.
A. A loss of $10,500.
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Under the Affordable Care Act, all employers are required to provide insurance coverage for all full-time employees.
A. True B. False
Acme Company is the largest employer in Arkansas. The CEO has determined that women are significantly underrepresented in the workplace. To remedy this problem the CEO instructed the Human Resources Manager to hire only females for the next year or until the underrepresentation problem is solved. Which of the following is correct?
A. This policy is a suggestion by the Affirmative Action Law of 1976 B. This policy is a quota system which is forbidden under Supreme Court precedents C. This policy is specifically forbidden by the Affirmative Action Law of 1976 D. This policy is specifically recommended by the EEOC.