Date |
Particulars |
Debit ($) |
Credit($) |
1 |
Investment in Lavery Labeling |
324,000,000 |
|
Cash |
324,000,000 |
||
(To record the purchase of shares in lavery labeling ) |
|||
2 |
Investment in Lavery Labeling |
48,000,000 |
|
Investment Revenue (160*30%) |
48,000,000 |
||
(To record Runyan’s share of net income) |
|||
3 |
Cash (10 * 2.00) |
20,000,000 |
|
Investment in Lavery Labeling |
20,000,000 |
||
(To record the cash dividends) |
|||
4 |
Investment Revenue (80/6) * 30% |
4,000,000 |
|
Investment in Lavery Labeling |
4,000,000 |
||
(To record share of Runyan in depreciation adjustment) |
kindly upvote
On January 4, 2021, Runyan Bakery paid $324 million for 10 million shares of Lavery Labeling...
On January 4, 2021, Runyan Bakery paid $332 million for 10 million shares of Lavery Labeling Company common stock. The investment represents a 30% interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan chose the fair value option to account for this investment. Runyan received dividends of $4 per share on December 15, 2021, and Lavery reported net income of $190 million for the year ended December 31, 2021....
On January 4, 2021, Runyan Bakery paid $328 million for 10 million shares of Lavery Labeling Company common stock. The investment represents a 30% interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan chose the fair value option to account for this investment. Runyan received dividends of $2.50 per share on December 15, 2021, and Lavery reported net income of $170 million for the year ended December 31, 2021....
On January 4, 2018, Runyan Bakery paid $346 million for 10 million shares of Lavery Labeling Company common stock. The investment represents a 30% interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan received dividends of $2.80 per share on December 15, 2018, and Lavery reported net income of $260 million for the year ended December 31, 2018. The market value of Lavery's common stock at December 31, 2018,...
On January 4, 2021, Runyan Bakery paid $340 million for 10 million shares of Lavery Labeling Company common stock. The investment represents a 30% interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan chose the fair value option to account for this investment. Runyan received dividends of $3 per share on December 15, 2021, and Lavery reported net income of $230 million for the year ended December 31, 2021....
On January 4, 2021, Runyan Bakery paid $362 million for 10 million shares of Lavery Labeling Company common stock. The investment represents a 30% interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan received dividends of $4.00 per share on December 15, 2021, and Lavery reported net income of $340 million for the year ended December 31, 2021. The market value of Lavery's common stock at December 31, 2021,...
On January 4, 2021, Runyan Bakery paid $334 million for 10 million shares of Lavery Labeling Company common stock. The investment represents a 30% interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan chose the fair value option to account for this investment. Runyan received dividends of $4 per share on December 15, 2021, and Lavery reported net income of $200 million for the year ended December 31, 2021....
On January 4, 2018, Runyan Bakery paid $330 million for 10 million shares of Lavery Labeling Company common stock. The Investment represents a 30% interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan chose the fair value option to account for this investment. Runyan received dividends of $300 per share! on December 15, 2018. and Lavery reported net income of $180 million for the year ended December 31, 2018...
On January 4, 2021, Runyan Bakery paid $338 million for 10 million shares of Lavery Labeling Company common stock. The investment represents a 30% interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan chose the fair value option to account for this investment. Runyan received dividends of $2 per share on December 15, 2021, and Lavery reported net income of $220 million for the year ended December 31, 2021....
On January 4, 2021, Runyan Bakery paid $342 million for 10 million shares of Lavery Labeling Company common stock. The investment represents a 30% interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan received dividends of $3.50 per share on December 15, 2021, and Lavery reported net income of $240 million for the year ended December 31, 2021. The market value of Lavery's common stock at December 31, 2021,...