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KE

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Marek is a Polish-American. Every day his co-workers torment him with Polish jokes. Marek believes that he is being forced to work in a hostile, offensive environment that prohibits his effective performance, so Marek has complained to his supervisor. In compliance with EEOC guidelines, his supervisor should:

A) report Marek's co-workers to the National Labor Relations Board.
B) immediately investigate and take immediate and appropriate corrective action.
C) move Marek to another position of equal or less status in the company away from his current co-workers.
D) terminate Marek because he is not a team player.
E) take a "wait-and-see" attitude and hope the co-workers run out of jokes or move to another target.

On Sep 26, 2024


B
KE

Answered

On January 1, 2020, Elva Corp. paid $750,000 for 80% of Fenton Co. when the book value of Fenton's net assets was $800,000. Fenton owned a building with a fair value of $150,000 and a book value of $120,000.Required: At what amount would the building appear on a consolidated balance sheet prepared immediately after the combination, under the acquisition method of accounting for business combinations?

On Sep 23, 2024


All subsidiary identifiable assets and liabilities are consolidated at their full fair values on the date of acquisition. The amount the building would appear on a consolidated balance sheet prepared immediately after the combination is the building's fair value of $150,000.