Ownership interest = 3600/10000 = 36% Investment Revenue for 2021 = 36% * 146,000 = 52,560 |
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Sandhill Company owns 3600 of the 10000 outstanding shares of Whispering Corporation common stock. During 2021,...
Blossom Company owns 10000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2018, Taylor earns $940000 and pays cash dividends of $765000. If the beginning balance in the investment account was $620000, the balance at December 31, 2018 should be:
Oriole Company owns 14000 of the 50000 outstanding shares of Taylor, Inc. common stock. During 2018, Taylor earns $1020000 and pays cash dividends of $825000. Oriole should report investment revenue for 2018 of $231000. $54600. $0. $285600.
1.McKinley Company owns 15,000 of the 50,000 outstanding shares of Ranier Corporation common stock but cannot exert significant influence over Ranier. During 2009, Ranier earns $350,000 and pays cash dividends of $140,000. a. Indicate the effect on McKinley's 2009 Net Income? b.what is the net change in McKinley's Investment account during 2009? 2.McKinley Company owns 15,000 of the 50,000 outstanding shares of Ranier Corporation common stock but can exert significant influence over Ranier. During 2009, Ranier earns $350,000 and pays...
6. Your company owns 23,000 of the 50,000 outstanding shares of Paper, Inc. common stock. During 2018, Paper, inc. earns $1,500,000 and pays cash dividends of $800,000. You should report investment revenue for 2018 of... a. 690,000 b. 368,000 C. 400,000 7. A company issues $2,000,000 of 11%, 15-year bonds. These bonds were issued on December 31, 2018, and pay interest annually on each December 31. The bonds yield 9% and the company uses the effective rate method for recording...
restbank Multiple Choice Question 119 Coronado Industries, has 4130000 shares of common stock outstanding on December 31 on stock outstanding on December 31, 2020. An additional 798000 shares of common stock were issued on April 1 2021, and 406000 more on July 1, 2021. On October 1, 2021, Coronado issued 19600, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 sha . No bonds were converted into common stock in 2021. What is the number of shares...
Ziegler Corporation purchased 25,000 shares of common stock of the Sherman Corporation for $40 per share on January 2, 2020. Sherman Corporation had 100,000 shares of common stock outstanding during 2021, paid cash dividends of $150,000 during 2018, and reported net income of $500,000 for 2021. Ziegler Corporation should report revenue from investment for 2018 in the amount of?
On January 1, 2021, Sandhill Corporation had 1,040,000 shares of common stock outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 500,000 of its own outstanding shares and retired them. Compute the weighted average number of shares to be used in computing earnings per share for 2021. Weighted average number of shares
On January 1, 2021, Sandhill Corp. had 480,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 117.000 shares Issued a 10% stock dividend Acquired 101,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 62,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted average number of shares outstanding...
ABC Corporation purchased 25,000 shares of common stock of the Davison Corporation for $40 per share on January 2, 2018 (EQUITY METHOD). Davison Corporation had 100,000 shares of common stock outstanding during 2018, paid cash dividends of $150,000 during 2018, and reported net income of $500,000 for 2018. ABC Corporation should report revenue from investment for 2018 in the amount of ________.
Pablo Corporation purchased 25,000 shares of common stock of the Twister Corporation for $40 per share on January 2, 2020 and has significant influence. Twister Corporation had 100,000 shares of common stock outstanding during 2020, paid cash dividends of $150,000 during 2020, and reported net income of $500,000 for 2020. Pablo Corporation should report revenue from investment for 2020 in the amount of Answer: