Cruella Inc. owns 85% of Horace Co. During 20X9, Cruella sells goods to Horace with a 25% gross profit. Horace sold all of these

Date    Details                Debit          Credit Jan. 1   Investment in Snoopy 270,000            Cash Account                                 270,000 To document the 90% investment in Snoopy. Jan. 1  Cash                                        20,000 Accounts Receivable               30,000 Inventory                                 60,000 Land                                       100,000 Building, net                            90,000 Goodwill on acquisition        100,000 Investment in Snoopy Company             270,000 Accounts Payable                               25,000 Bonds Payable                                    75,000 Noncontrolling interest                              30,000. b. Consolidation Worksheet on January 1, 20X8:                                            Peanut    Snoopy    DR   CR  Consolidated                                            Company   Company Assets Cash                                        $55,000   $20,000            $75,000 Accounts Receivable       50,000      30,000              80,000 Inventory                         100,000      60,000            160,000 Investment in Snoopy           270,000                         270,000CR Land                                       225,000    100,000             325,000 Buildings and Equipment     700,000     100,000                     800,000 Accumulated Depreciation (400,000)     (10,000)                    (410,000) Goodwill                                                                         100,000 Total Assets                      $1,000,000 $400,000                 $1,130,000 Liabilities and SE Accounts Payable                 $75,000   $25,000              100,000 Bonds Payable                      200,000     75,000              275,000 Common Stock                     500,000  200,000 200,000 500,000 Retained Earnings               225,000    100,000 100,000 225,000 Noncontrolling interest         30,000 Total Liabilities and Equity $1,000,000 $400,000               $1,130,000 c. Consolidated Balance Sheet Assets Cash                                 $75,000 Accounts Receivable           80,000 Inventory                         160,000 Land                                 325,000 Buildings and Equipment         800,000 Accumulated Depreciation      (410,000) Goodwill                                     100,000 Total Assets                    $1,130,000 Liabilities and Stockholders' Equity Accounts Payable                  $100,000 Bonds Payable                        275,000 Common Stock                     500,000 Retained Earnings               225,000 Noncontrolling interest            30,000 Total Liabilities and Equity $1,130,000 Explanation: a) The trial balance data for Peanut and Snoopy as of January 1, 20X8 is as follows:                                   Peanut      Snoopy                                    Company   Company Assets Cash                               $55,000      $20,000 Accounts Receivable             50,000        30,000 Inventory                               100,000        60,000 Investment in Snoopy Company 270,000 Land                                   225,000      100,000 Buildings and Equipment            700,000      100,000 Accumulated Depreciation        (400,000)      (10,000) Total Assets                         $1,000,000  $400,000 Liabilities and SE Accounts Payable                    $75,000    $25,000 Bonds Payable                         200,000      75,000 Common Stock                          500,000    200,000 Retained Earnings                         225,000   100,000 Total Liabilities and Equity      $1,000,000 $400,000.

C.) the vehicle (ignore this i need more letters)

The estimated stand-alone selling price of the software, using the expected cost plus margin method, is computed as follows: $65 + (50% of $65) = $65 + $32.50 = $97.50.

Response:

Clarification:

A suitable reply from a Notary Signing Agent might be to provide the Borrower with the contact details of the Lender and recommend that he reach out to the Lender promptly before proceeding with the signing. This would help the borrower resolve any uncertainties or misunderstandings they may have, potentially encouraging them to complete the signing of all necessary documents.