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Question : 130.Highland Company buys 70 percent of the stock of Danner : 1244282

Accounting

130.Highland Company buys 70 percent of the stock of Danner Company of $91,000. Danner Company has contributed capital of $70,000 and retained earnings of $60,000. The consolidated financial statements would contain

 

a.

minority interest but not goodwill.

b.

minority interest and goodwill.

c.

goodwill but not minority interest.

d.

neither minority interest nor goodwill.

 

 

 

 

 

131.On January 1, 20×7, Walker Corporation has the following stockholders’ equity accounts:

 

Common Stock, $10 par

$300,000

Retained Earnings

  900,000

 

The fair market value of Walker’s net identifiable assets on this date was equal to their book value. On January 1, 20×7, Rau Corporation acquired 100 percent of the common stock of Walker Corporation for $1,320,000 cash. The elimination entry necessary to prepare a consolidated balance sheet for this date would include a

 

a.

credit to Goodwill from Consolidation for $120,000.

b.

credit to Revenue from Consolidation for $120,000.

c.

debit to Goodwill from Consolidation for $120,000.

d.

debit to Loss from Consolidation for $120,000.

 

 

 

132.James Company buys 100 percent of the outstanding stock of Maier Company for $650,000. Maier Company has contributed capital of $420,000 and retained earnings of $180,000. The fair market value of Maier’s identifiable net assets was equal to their book value on the date of acquisition. The consolidated financial statements would contain

 

a.

neither minority interest nor goodwill.

b.

minority interest but not goodwill.

c.

goodwill but not minority interest.

d.

minority interest and goodwill.

 

 

 

133.Perri Company buys 80 percent of the stock of McGrath Company for $150,000. McGrath Company has contributed capital of $100,000 and retained earnings of $60,000. The consolidated financial statements would contain

 

a.

minority interest but not goodwill.

b.

neither minority interest nor goodwill.

c.

minority interest and goodwill.

d.

goodwill but not minority interest.

 

 

 

134.In preparing consolidated financial statements, all of the following commonly require elimination entries except a(n)

 

a.

intercompany sale.

b.

intercompany loan.

c.

purchase from a nonaffiliate.

d.

intercompany investment.

 

 

 

135.Wyfker Company and Mularkey Company have separate incomes of $35,500 and $42,500, respectively. They had intercompany purchases and sales of $15,000 and intercompany interest of $1,500. Consolidated net income would be

 

a.

$20,500.

b.

$61,500.

c.

$34,000.

d.

$78,000.

 

 

 

136.Which of the following would not be an elimination entry on a work sheet for a consolidated income statement or balance sheet?

 

a.

Debit Sales and credit Cost of Goods Sold

b.

Debit Cost of Goods Sold and credit Sales

c.

Debit Common Stock and Retained Earnings and credit Investment in Subsidiary

d.

Debit Interest Income and credit Interest Expense

 

 

 

137.Coll Company (the parent company) manufactured a product at a cost of $150 and sold it to Obman Company, a subsidiary of Coll, for $200. Obman Company sold the product to its customer for $292. As a result of these transactions, how much gross profit will appear on a consolidated income statement?

 

a.

$142

b.

$0

c.

$92

d.

$242

 

 

 

138.Ensley Company and Bac Company have separate incomes of $140,000 and $205,000, respectively. They had intercompany purchases and sales of $40,000 and intercompany interest of $2,000. Consolidated net income is

 

a.

$303,000.

b.

$107,000.

c.

$345,000.

d.

$387,000.

 

 

 

139.The work sheet entry to eliminate an intercompany investment could not contain

 

a.

a debit to the Investment account.

b.

a credit to Minority Interest.

c.

a debit to Retained Earnings.

d.

a debit to Common Stock.

 

 

 

 

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July 1, 2023
    

  

Project Overview: 

As a manager of health system organizations, you will have to consistently think about how to plan, organize, staff, lead, control, make decisions, and problem solve aspects of management within healthcare systems. To accomplish this, you will utilize your experience from your own organization or research a well-known healthcare organization within the industry to create an outline of how you will accomplish the above listed task. Additionally, you will add components of Leadership concepts and planning processes that you use within your organization or is used within the well-known healthcare organization. You will also have to share Organizational structures and motivational and influence theories and models. You will discuss strategic plans, concepts, and the budget in the organization. During week 7 you will discuss the process of quality improvement within the organization. During week 8 you will submit your final project, which will include the health professional as a manager in the organization. In the 21st century, health professionals in management are required to plan, organize, staff, lead, control, make decisions, and solve problems within healthcare systems.  

Healthcare Management Project - Week 1 Component - Project Outline

The following assignment description will discuss the Components of Leadership Requirement

Begin developing your Project Outline. Please see the requirements listed in the Assignment Overview Document. You may select the healthcare organization where you are currently employed or research a well-known healthcare organization within the industry to complete all the components of your assignment. Your outline must consist of the following main headings:

  • Components of Leadership, concepts and planning processes, Organizational structures of staff, motivational and influence theories and models, strategic plans and all the components utilized, organizational budget planning, quality improvement, and the health professional as a manager.
  • Sub-headings must be clear as well as supporting detail information.
  • Correct APA format is required for this assignment .  Please include an APA formatted title page, APA formatted headings, and an APA formatted reference page. Please review APA format 7th edition in the GMC library for assistance. 
  • Please see the rubric for this assignment for a breakdown of how your grade will be calculated.
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July 1, 2023
    

  

Project Overview: 

As a manager of health system organizations, you will have to consistently think about how to plan, organize, staff, lead, control, make decisions, and problem solve aspects of management within healthcare systems. To accomplish this, you will utilize your experience from your own organization or research a well-known healthcare organization within the industry to create an outline of how you will accomplish the above listed task. Additionally, you will add components of Leadership concepts and planning processes that you use within your organization or is used within the well-known healthcare organization. You will also have to share Organizational structures and motivational and influence theories and models. You will discuss strategic plans, concepts, and the budget in the organization. During week 7 you will discuss the process of quality improvement within the organization. During week 8 you will submit your final project, which will include the health professional as a manager in the organization. In the 21st century, health professionals in management are required to plan, organize, staff, lead, control, make decisions, and solve problems within healthcare systems.  

Healthcare Management Project - Week 1 Component - Project Outline

The following assignment description will discuss the Components of Leadership Requirement

Begin developing your Project Outline. Please see the requirements listed in the Assignment Overview Document. You may select the healthcare organization where you are currently employed or research a well-known healthcare organization within the industry to complete all the components of your assignment. Your outline must consist of the following main headings:

  • Components of Leadership, concepts and planning processes, Organizational structures of staff, motivational and influence theories and models, strategic plans and all the components utilized, organizational budget planning, quality improvement, and the health professional as a manager.
  • Sub-headings must be clear as well as supporting detail information.
  • Correct APA format is required for this assignment .  Please include an APA formatted title page, APA formatted headings, and an APA formatted reference page. Please review APA format 7th edition in the GMC library for assistance. 
  • Please see the rubric for this assignment for a breakdown of how your grade will be calculated.
default image
July 1, 2023
    

  

Project Overview: 

As a manager of health system organizations, you will have to consistently think about how to plan, organize, staff, lead, control, make decisions, and problem solve aspects of management within healthcare systems. To accomplish this, you will utilize your experience from your own organization or research a well-known healthcare organization within the industry to create an outline of how you will accomplish the above listed task. Additionally, you will add components of Leadership concepts and planning processes that you use within your organization or is used within the well-known healthcare organization. You will also have to share Organizational structures and motivational and influence theories and models. You will discuss strategic plans, concepts, and the budget in the organization. During week 7 you will discuss the process of quality improvement within the organization. During week 8 you will submit your final project, which will include the health professional as a manager in the organization. In the 21st century, health professionals in management are required to plan, organize, staff, lead, control, make decisions, and solve problems within healthcare systems.  

Healthcare Management Project - Week 1 Component - Project Outline

The following assignment description will discuss the Components of Leadership Requirement

Begin developing your Project Outline. Please see the requirements listed in the Assignment Overview Document. You may select the healthcare organization where you are currently employed or research a well-known healthcare organization within the industry to complete all the components of your assignment. Your outline must consist of the following main headings:

  • Components of Leadership, concepts and planning processes, Organizational structures of staff, motivational and influence theories and models, strategic plans and all the components utilized, organizational budget planning, quality improvement, and the health professional as a manager.
  • Sub-headings must be clear as well as supporting detail information.
  • Correct APA format is required for this assignment .  Please include an APA formatted title page, APA formatted headings, and an APA formatted reference page. Please review APA format 7th edition in the GMC library for assistance. 
  • Please see the rubric for this assignment for a breakdown of how your grade will be calculated.
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