SlideShare a Scribd company logo
12. Milani, Inc., acquired 10 pereent of Seida Corporation on January 1, 2020, for $190 , 000 and
appropriately accounted for the investment using the fair-value method. On January 1, 2021,
Milani purchased an additional 30 percent of Seida for $600 , 000 which resulted in significant
influence over Seida. On that date, the fair value of Seida's common stock was $2 , 000 , 000 in
total. Scida's January 1,2021, book value equaled $1 , 850 , 000 , although land was undervalued
by $120 , 000 . Any additional excess fair value over Seida's book value was attributable to a
trademark with an eight- year remaining life. During 2021, Seida reported net income of
$300.000 and declared and paid dividends of $110 , 000 . On December 31 , 2021 , what is the
balance of Milani, Inc.'s investment in Seida Corporation? A. $874 , 500 B. $918 , 500 C. $962 ,
500 D. $674 , 500

More Related Content

More from sakshikhandelwal921

11- If the left parietal lobe sustained damage- explain why she would.pdf
11- If the left parietal lobe sustained damage- explain why she would.pdf11- If the left parietal lobe sustained damage- explain why she would.pdf
11- If the left parietal lobe sustained damage- explain why she would.pdf
sakshikhandelwal921
 
11- How is poverty measured- Is it an accurate measure- WhylWhy not- W.pdf
11- How is poverty measured- Is it an accurate measure- WhylWhy not- W.pdf11- How is poverty measured- Is it an accurate measure- WhylWhy not- W.pdf
11- How is poverty measured- Is it an accurate measure- WhylWhy not- W.pdf
sakshikhandelwal921
 
11) Purrfect Paws Company issues 1-000 shares of $50 par preferred sto.pdf
11) Purrfect Paws Company issues 1-000 shares of $50 par preferred sto.pdf11) Purrfect Paws Company issues 1-000 shares of $50 par preferred sto.pdf
11) Purrfect Paws Company issues 1-000 shares of $50 par preferred sto.pdf
sakshikhandelwal921
 
11- Growth accounting- Consider the following (made-up) statistics for.pdf
11- Growth accounting- Consider the following (made-up) statistics for.pdf11- Growth accounting- Consider the following (made-up) statistics for.pdf
11- Growth accounting- Consider the following (made-up) statistics for.pdf
sakshikhandelwal921
 
11- Development of floral organs is controlled by the ABC(DE) model- P.pdf
11- Development of floral organs is controlled by the ABC(DE) model- P.pdf11- Development of floral organs is controlled by the ABC(DE) model- P.pdf
11- Development of floral organs is controlled by the ABC(DE) model- P.pdf
sakshikhandelwal921
 
11- Can a male of blood type AB be the father of a type B child by a t.pdf
11- Can a male of blood type AB be the father of a type B child by a t.pdf11- Can a male of blood type AB be the father of a type B child by a t.pdf
11- Can a male of blood type AB be the father of a type B child by a t.pdf
sakshikhandelwal921
 
11- A researcher is interested in differences among blonde-haired peo.pdf
11-  A researcher is interested in differences among blonde-haired peo.pdf11-  A researcher is interested in differences among blonde-haired peo.pdf
11- A researcher is interested in differences among blonde-haired peo.pdf
sakshikhandelwal921
 
10-Given a linear linked list L composed of n nodes- The algorithm Ins.pdf
10-Given a linear linked list L composed of n nodes- The algorithm Ins.pdf10-Given a linear linked list L composed of n nodes- The algorithm Ins.pdf
10-Given a linear linked list L composed of n nodes- The algorithm Ins.pdf
sakshikhandelwal921
 
10- The following LogActivity trigger must be invoked automatically af.pdf
10- The following LogActivity trigger must be invoked automatically af.pdf10- The following LogActivity trigger must be invoked automatically af.pdf
10- The following LogActivity trigger must be invoked automatically af.pdf
sakshikhandelwal921
 
10- Today- health care marketing and digital campaigns are an omnipres.pdf
10- Today- health care marketing and digital campaigns are an omnipres.pdf10- Today- health care marketing and digital campaigns are an omnipres.pdf
10- Today- health care marketing and digital campaigns are an omnipres.pdf
sakshikhandelwal921
 
10- Work in small groups- Each small group practices using one tool an.pdf
10- Work in small groups- Each small group practices using one tool an.pdf10- Work in small groups- Each small group practices using one tool an.pdf
10- Work in small groups- Each small group practices using one tool an.pdf
sakshikhandelwal921
 
10- Managerial Accounting provides financial information to which of t.pdf
10- Managerial Accounting provides financial information to which of t.pdf10- Managerial Accounting provides financial information to which of t.pdf
10- Managerial Accounting provides financial information to which of t.pdf
sakshikhandelwal921
 
10- Name the orientation of the CT image- Identify soft tissues from t.pdf
10- Name the orientation of the CT image- Identify soft tissues from t.pdf10- Name the orientation of the CT image- Identify soft tissues from t.pdf
10- Name the orientation of the CT image- Identify soft tissues from t.pdf
sakshikhandelwal921
 
10- What type of exchange rate is associated with a higher probability.pdf
10- What type of exchange rate is associated with a higher probability.pdf10- What type of exchange rate is associated with a higher probability.pdf
10- What type of exchange rate is associated with a higher probability.pdf
sakshikhandelwal921
 
10- Priscilla would spend 250 dollars a week on groceries if she did n.pdf
10- Priscilla would spend 250 dollars a week on groceries if she did n.pdf10- Priscilla would spend 250 dollars a week on groceries if she did n.pdf
10- Priscilla would spend 250 dollars a week on groceries if she did n.pdf
sakshikhandelwal921
 
13-What are the three main controls on deposition of a siliciclastic c.pdf
13-What are the three main controls on deposition of a siliciclastic c.pdf13-What are the three main controls on deposition of a siliciclastic c.pdf
13-What are the three main controls on deposition of a siliciclastic c.pdf
sakshikhandelwal921
 
13- Which of the following utility functions for Patrick thast fikely.pdf
13- Which of the following utility functions for Patrick thast fikely.pdf13- Which of the following utility functions for Patrick thast fikely.pdf
13- Which of the following utility functions for Patrick thast fikely.pdf
sakshikhandelwal921
 
13- There are three major fruit types- Simple- Aggregate and Multiple-.pdf
13- There are three major fruit types- Simple- Aggregate and Multiple-.pdf13- There are three major fruit types- Simple- Aggregate and Multiple-.pdf
13- There are three major fruit types- Simple- Aggregate and Multiple-.pdf
sakshikhandelwal921
 
13- Write an INSERT statement to add the row ( 5 - 'Member Loyalty'- 0.pdf
13- Write an INSERT statement to add the row ( 5 - 'Member Loyalty'- 0.pdf13- Write an INSERT statement to add the row ( 5 - 'Member Loyalty'- 0.pdf
13- Write an INSERT statement to add the row ( 5 - 'Member Loyalty'- 0.pdf
sakshikhandelwal921
 

More from sakshikhandelwal921 (20)

11- If the left parietal lobe sustained damage- explain why she would.pdf
11- If the left parietal lobe sustained damage- explain why she would.pdf11- If the left parietal lobe sustained damage- explain why she would.pdf
11- If the left parietal lobe sustained damage- explain why she would.pdf
 
11- How is poverty measured- Is it an accurate measure- WhylWhy not- W.pdf
11- How is poverty measured- Is it an accurate measure- WhylWhy not- W.pdf11- How is poverty measured- Is it an accurate measure- WhylWhy not- W.pdf
11- How is poverty measured- Is it an accurate measure- WhylWhy not- W.pdf
 
11) Purrfect Paws Company issues 1-000 shares of $50 par preferred sto.pdf
11) Purrfect Paws Company issues 1-000 shares of $50 par preferred sto.pdf11) Purrfect Paws Company issues 1-000 shares of $50 par preferred sto.pdf
11) Purrfect Paws Company issues 1-000 shares of $50 par preferred sto.pdf
 
11- Growth accounting- Consider the following (made-up) statistics for.pdf
11- Growth accounting- Consider the following (made-up) statistics for.pdf11- Growth accounting- Consider the following (made-up) statistics for.pdf
11- Growth accounting- Consider the following (made-up) statistics for.pdf
 
11- Development of floral organs is controlled by the ABC(DE) model- P.pdf
11- Development of floral organs is controlled by the ABC(DE) model- P.pdf11- Development of floral organs is controlled by the ABC(DE) model- P.pdf
11- Development of floral organs is controlled by the ABC(DE) model- P.pdf
 
11- Can a male of blood type AB be the father of a type B child by a t.pdf
11- Can a male of blood type AB be the father of a type B child by a t.pdf11- Can a male of blood type AB be the father of a type B child by a t.pdf
11- Can a male of blood type AB be the father of a type B child by a t.pdf
 
11+1.pdf
11+1.pdf11+1.pdf
11+1.pdf
 
11- A researcher is interested in differences among blonde-haired peo.pdf
11-  A researcher is interested in differences among blonde-haired peo.pdf11-  A researcher is interested in differences among blonde-haired peo.pdf
11- A researcher is interested in differences among blonde-haired peo.pdf
 
10-Given a linear linked list L composed of n nodes- The algorithm Ins.pdf
10-Given a linear linked list L composed of n nodes- The algorithm Ins.pdf10-Given a linear linked list L composed of n nodes- The algorithm Ins.pdf
10-Given a linear linked list L composed of n nodes- The algorithm Ins.pdf
 
10- The following LogActivity trigger must be invoked automatically af.pdf
10- The following LogActivity trigger must be invoked automatically af.pdf10- The following LogActivity trigger must be invoked automatically af.pdf
10- The following LogActivity trigger must be invoked automatically af.pdf
 
10- Today- health care marketing and digital campaigns are an omnipres.pdf
10- Today- health care marketing and digital campaigns are an omnipres.pdf10- Today- health care marketing and digital campaigns are an omnipres.pdf
10- Today- health care marketing and digital campaigns are an omnipres.pdf
 
10- Work in small groups- Each small group practices using one tool an.pdf
10- Work in small groups- Each small group practices using one tool an.pdf10- Work in small groups- Each small group practices using one tool an.pdf
10- Work in small groups- Each small group practices using one tool an.pdf
 
10- Managerial Accounting provides financial information to which of t.pdf
10- Managerial Accounting provides financial information to which of t.pdf10- Managerial Accounting provides financial information to which of t.pdf
10- Managerial Accounting provides financial information to which of t.pdf
 
10- Name the orientation of the CT image- Identify soft tissues from t.pdf
10- Name the orientation of the CT image- Identify soft tissues from t.pdf10- Name the orientation of the CT image- Identify soft tissues from t.pdf
10- Name the orientation of the CT image- Identify soft tissues from t.pdf
 
10- What type of exchange rate is associated with a higher probability.pdf
10- What type of exchange rate is associated with a higher probability.pdf10- What type of exchange rate is associated with a higher probability.pdf
10- What type of exchange rate is associated with a higher probability.pdf
 
10- Priscilla would spend 250 dollars a week on groceries if she did n.pdf
10- Priscilla would spend 250 dollars a week on groceries if she did n.pdf10- Priscilla would spend 250 dollars a week on groceries if she did n.pdf
10- Priscilla would spend 250 dollars a week on groceries if she did n.pdf
 
13-What are the three main controls on deposition of a siliciclastic c.pdf
13-What are the three main controls on deposition of a siliciclastic c.pdf13-What are the three main controls on deposition of a siliciclastic c.pdf
13-What are the three main controls on deposition of a siliciclastic c.pdf
 
13- Which of the following utility functions for Patrick thast fikely.pdf
13- Which of the following utility functions for Patrick thast fikely.pdf13- Which of the following utility functions for Patrick thast fikely.pdf
13- Which of the following utility functions for Patrick thast fikely.pdf
 
13- There are three major fruit types- Simple- Aggregate and Multiple-.pdf
13- There are three major fruit types- Simple- Aggregate and Multiple-.pdf13- There are three major fruit types- Simple- Aggregate and Multiple-.pdf
13- There are three major fruit types- Simple- Aggregate and Multiple-.pdf
 
13- Write an INSERT statement to add the row ( 5 - 'Member Loyalty'- 0.pdf
13- Write an INSERT statement to add the row ( 5 - 'Member Loyalty'- 0.pdf13- Write an INSERT statement to add the row ( 5 - 'Member Loyalty'- 0.pdf
13- Write an INSERT statement to add the row ( 5 - 'Member Loyalty'- 0.pdf
 

Recently uploaded

How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17
Celine George
 
PIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf IslamabadPIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf Islamabad
AyyanKhan40
 
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptxC1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
mulvey2
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
RitikBhardwaj56
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
Nicholas Montgomery
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
Israel Genealogy Research Association
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
Priyankaranawat4
 
Smart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICTSmart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICT
simonomuemu
 
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdfWalmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
TechSoup
 
World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024
ak6969907
 
How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
Celine George
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Dr. Vinod Kumar Kanvaria
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
tarandeep35
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
RAHUL
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
PECB
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
amberjdewit93
 
Pride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School DistrictPride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School District
David Douglas School District
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
IreneSebastianRueco1
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
Dr. Mulla Adam Ali
 
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdfবাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
eBook.com.bd (প্রয়োজনীয় বাংলা বই)
 

Recently uploaded (20)

How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17How to Fix the Import Error in the Odoo 17
How to Fix the Import Error in the Odoo 17
 
PIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf IslamabadPIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf Islamabad
 
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptxC1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
 
Smart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICTSmart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICT
 
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdfWalmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
 
World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024
 
How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
 
Pride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School DistrictPride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School District
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
 
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdfবাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
 

12- Milani- Inc-- acquired 10 pereent of Seida Corporation on January.pdf

  • 1. 12. Milani, Inc., acquired 10 pereent of Seida Corporation on January 1, 2020, for $190 , 000 and appropriately accounted for the investment using the fair-value method. On January 1, 2021, Milani purchased an additional 30 percent of Seida for $600 , 000 which resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $2 , 000 , 000 in total. Scida's January 1,2021, book value equaled $1 , 850 , 000 , although land was undervalued by $120 , 000 . Any additional excess fair value over Seida's book value was attributable to a trademark with an eight- year remaining life. During 2021, Seida reported net income of $300.000 and declared and paid dividends of $110 , 000 . On December 31 , 2021 , what is the balance of Milani, Inc.'s investment in Seida Corporation? A. $874 , 500 B. $918 , 500 C. $962 , 500 D. $674 , 500