On january 1, 2018, ackerman sold equipment to brannigan (a wholly owned subsidiary) for $200,000 in cash. the equipment had originally cost $180,000 but had a book value of only $110,000 when transferred. on that date, the equipment had a five-year remaining life. depreciation expense is computed using the straight-line method.
ackerman reported $300,000 in net income in 2018 (not including any investment income) while brannigan reported $98,000. ackerman attributed any excess acquisition-date fair value to brannigan's unpatented technology, which was amortized at a rate of $4,000 per year.
a. what is consolidated net income for 2018?
b. what is the parent's share of consolidated net income for 2018 if ackerman owns only 90 percent of brannigan?
c. what is the parent's share of consolidated net income for 2018 if ackerman owns only 90 percent of brannigan and the equipment transfer was upstream?
d. what is the consolidated net income for 2019 if ackerman reports $320,000 (does not include investment income) and brannigan $108,000 in income? assume that brannigan is a wholly owned subsidiary and the equipment transfer was downstream.

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.

1.     regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool. student c   incorrect