Maurice Tutor

(5)

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 31 Jul 2017 My Price 4.00

Man Corporation

Man Corporation purchased a 40 percent interest in Nib Corporation for $1,000,000 on January 1, at book value, when Nibs’s assets and liabilities were recorded at their fair values. During the year, Nib reported net income of $600,000 as follows (in thousands):
Income from continuing operations $700
Less: Loss from discontinued operations 100
Net income $600
REQUIRED: Prepare the journal entry on Man’s books to recognize income from the investment in Nib for the year.

Answers

Maurice Tutor
(5)
Status NEW Posted 31 Jul 2017 06:07 PM My Price 4.00

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