Homework Answers
| Jan 2 | Investment in Fain company stock | 800000 | ||
| Cash | 800000 | |||
| Dec 31 | Investment in Fain company stock | 72000 | =180000*40% | |
| Income of Fain company | 72000 | |||
| Dec 31 | Cash | 24000 | =60000*40% | |
| Investment in Fain company stock | 24000 |
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to assignment-take&inprogre Equity Method On January 2, Yorkshire Company acquired 40% of the outstanding stock of...
Equity Method On January 2, Yorkshire Company acquired 30% of the outstanding stock of fain Company...
Equity Method On January 2, Yorkshire Company acquired 30% of the outstanding stock of fain Company for $230,000. For the year ended December 31, Fan Company eamed income of $60,000 and paid dividends of s18,000 Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dvidends receed from Fain Company Jan 2 Purchase Dec. 31 Income Dec. 31 Dvidends
Equity Method On January 2, Yorkshire Company acquired 29% of the outstanding stock of Fain Company...
Equity Method On January 2, Yorkshire Company acquired 29% of the outstanding stock of Fain Company for $420,000. For the year ended December 31, Fain Company earned income of $109,000 and paid dividends of $34,000. Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fain Company. Jan. 2 - Purchase Investment in Fain Company Stock Cash Dec. 31 - Income Investment in Fain Company Stock Income of...
eBook 3 Show Me How Calculator Print item Equity Method On January 2, Yorkshire Company acquired...
eBook 3 Show Me How Calculator Print item Equity Method On January 2, Yorkshire Company acquired 40% of the outstanding stock of Fain Company for $300,000. For the year ended December 31, Fan Company camned in of $78,000 and paid dividends of $24,000 Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fan Company Jan. 2 - Purchase Dec. 31 - Income Dec. 31 - Dividends
6&7 Equity method TALGO Instructions Chart of Accounts Instructions TALGO On January 2. Yorkshire Company qurd...
6&7
Equity method TALGO Instructions Chart of Accounts Instructions TALGO On January 2. Yorkshire Company qurd 40% of the outstanding stock of Fain Company for $754.500. For the year ended December 31, Fan eamed income of $110,400 and paid dividends of $29.700. TALGO. Journalize the entries for Yorkshire Company for the purchase of the stock the share of an income, and the dividends received from Fan Company Refer to the Chart of Accounts for exact wording of accounts TALGO ....
Equity investments: 20%-50% ownership On January 2, 2014, Whitworth Company acquired 40% of the outstanding stock...
Equity investments: 20%-50% ownership On January 2, 2014, Whitworth Company acquired 40% of the outstanding stock of Aloof Company for $340,000. For the year ended December 31, 20Y4, Aloof Company earned income of $180,000 and paid dividends of $10,000. On January 31 2095, Whitworth Company sold all of its investment in Aloof Company stock for $405,000. Journalize the entries for Whitworth Company for the purchase of the stock, the share of Aloof income, the dividends received from Aloof Company, and...
#1 #2 Show Me How Calculator Pertem Stock Investment Transactions On September 12, 2.400 shares of...
#1
#2
Show Me How Calculator Pertem Stock Investment Transactions On September 12, 2.400 shares of Aspen Company are sured at a price of $57.00 per share plus a $120 brokerage commission on October 15, a $1.00-per-share dividend was received on the Aspen Company stock. On November 10, 960.00 shares of the Aspen Company stock were sold for 150 per share less a $45 brokerage Commission When required round final answers to the nearest dollar. For compound transaction fan amount...
On January 2, Todd Company acquired 40% of the outstanding stock of McGuire Company for...
On January 2, Todd Company acquired 40% of the outstanding stock of McGuire Company for $205,000. For the year ending, December 31, McGuire earned income of$48,000 and paid dividends of $14,000.Required:Prepare the entries for Todd Company for the purchase of the stock, share of McGuire income and dividends received from McGuire.
Equity Method for Stock Investment On January 4, 20Y6, Spandella Company purchased 112,000 shares of Filington...
Equity Method for Stock Investment On January 4, 20Y6, Spandella Company purchased 112,000 shares of Filington Company directly from one of the founders for a price of $46 per share. Filington has 400,000 shares outstanding, including the Spandella shares. On July 2, 20Y6, Filington paid $302,000 in total dividends to its shareholders. On December 31, 20Y6, Filington reported a net income of $1,046,000 for the year. Spandella uses the equity method in accounting for its investment in Filington a· Journalize...
Agee Corporation acquired a 40% interest in Trent Company on January 1, 2018, for $700,000. At...
Agee Corporation acquired a 40% interest in Trent Company on January 1, 2018, for $700,000. At that time, Trent had 100,000 shares of its $1 par common stock issued and outstanding. During 2018, Trent paid cash dividends of $240,000. Trent's net income for 2018 was $500,000. The market price of Trent Company stock on 12/31/18 is $25 per share. Record the journal entry for the investment made on Jan 1, 2018? Record the journal entry for investment income? Record the...
Stock Investment Transactions, Equity Method and Available-for-Sale Securities Glacier Products Inc. is a wholesaler of rock...
Stock Investment Transactions, Equity Method and Available-for-Sale Securities Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on January 1, Year 1. The following transactions relate to securities acquired by Glacier Products Inc., which has a fiscal year ending on December 31: Year 1 Jan. 18. Purchased 5,800 shares of Malmo Inc. as an available-for-sale investment at $42 per share, including the brokerage commission. July 22. A cash dividend of $0.55 per share was received...
Equity Method On January 2, Yorkshire Company acquired 30% of the outstanding stock of fain Company for $230,000. For the year ended December 31, Fan Company eamed income of $60,000 and paid dividends of s18,000 Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dvidends receed from Fain Company Jan 2 Purchase Dec. 31 Income Dec. 31 Dvidends
eBook 3 Show Me How Calculator Print item Equity Method On January 2, Yorkshire Company acquired 40% of the outstanding stock of Fain Company for $300,000. For the year ended December 31, Fan Company camned in of $78,000 and paid dividends of $24,000 Prepare the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Fan Company Jan. 2 - Purchase Dec. 31 - Income Dec. 31 - Dividends
6&7
Equity method TALGO Instructions Chart of Accounts Instructions TALGO On January 2. Yorkshire Company qurd 40% of the outstanding stock of Fain Company for $754.500. For the year ended December 31, Fan eamed income of $110,400 and paid dividends of $29.700. TALGO. Journalize the entries for Yorkshire Company for the purchase of the stock the share of an income, and the dividends received from Fan Company Refer to the Chart of Accounts for exact wording of accounts TALGO ....
Equity investments: 20%-50% ownership On January 2, 2014, Whitworth Company acquired 40% of the outstanding stock of Aloof Company for $340,000. For the year ended December 31, 20Y4, Aloof Company earned income of $180,000 and paid dividends of $10,000. On January 31 2095, Whitworth Company sold all of its investment in Aloof Company stock for $405,000. Journalize the entries for Whitworth Company for the purchase of the stock, the share of Aloof income, the dividends received from Aloof Company, and...
#1
#2
Show Me How Calculator Pertem Stock Investment Transactions On September 12, 2.400 shares of Aspen Company are sured at a price of $57.00 per share plus a $120 brokerage commission on October 15, a $1.00-per-share dividend was received on the Aspen Company stock. On November 10, 960.00 shares of the Aspen Company stock were sold for 150 per share less a $45 brokerage Commission When required round final answers to the nearest dollar. For compound transaction fan amount...
Equity Method for Stock Investment On January 4, 20Y6, Spandella Company purchased 112,000 shares of Filington Company directly from one of the founders for a price of $46 per share. Filington has 400,000 shares outstanding, including the Spandella shares. On July 2, 20Y6, Filington paid $302,000 in total dividends to its shareholders. On December 31, 20Y6, Filington reported a net income of $1,046,000 for the year. Spandella uses the equity method in accounting for its investment in Filington a· Journalize...
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