Homework Answers
| Date | Accounts | Debit | Credit |
| Jan. 2 - Purchase | Investment in common stock | $230,000 | |
| Cash | $230,000 | ||
| Dec. 31 - Income | Investment in common stock (60000*30%) | 18000 | |
| Income from investment | 18000 | ||
| Dec. 31 - Dividends | Cash (18000*30%) | 5400 | |
| Investment in common stock | 5400 | ||
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Equity Method On January 2, Yorkshire Company acquired 30% of the outstanding stock of fain Company...
to assignment-take&inprogre Equity Method On January 2, Yorkshire Company acquired 40% of the outstanding stock of...
to assignment-take&inprogre Equity Method On January 2, Yorkshire Company acquired 40% of the outstanding stock of Fain Company for $100,000. For the year ended December 31, in eamed Income $180,000 and paid dividends of $60,000. Journalize the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Pain Company. If an amount does not require an entry, leave it blank. Investment in Fain Company Stock Jan. 2 Cash Dec. 31...
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 ....
#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...
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...
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.
On January 2, 2019, Todd Company acquired 35% of the outstanding stock of McGuire Company for $250,000. For the yea...
On January 2, 2019, Todd Company acquired 35% of the outstanding stock of McGuire Company for $250,000. For the year ending, December 31, McGuire earned income of $100,000 and paid dividends of $20,000 Required: (Shows computations and references are required) Prepare the entries for Todd Company for the purchase of the stock, share of McGuire income and dividends received from McGuire. Debit Credit
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...
Heidebrecht Design acquired 30% of the outstanding common stock of Quayle Company on January 1, 2015,...
Heidebrecht Design acquired 30% of the outstanding common stock of Quayle Company on January 1, 2015, by paying $822,700 for the 43,300 shares. Quayle declared and paid $0.30 per share cash dividends on March 15, June 15, September 15, and December 15, 2015. Quayle reported net income of $341,800 for the year. At December 31, 2015, the market price of Quayle common stock was $25 per share. Prepare the journal entries for Heidebrecht Design for 2015 assuming Heidebrecht Design cannot...
to assignment-take&inprogre Equity Method On January 2, Yorkshire Company acquired 40% of the outstanding stock of Fain Company for $100,000. For the year ended December 31, in eamed Income $180,000 and paid dividends of $60,000. Journalize the entries for Yorkshire Company for the purchase of the stock, the share of Fain income, and the dividends received from Pain Company. If an amount does not require an entry, leave it blank. Investment in Fain Company Stock Jan. 2 Cash Dec. 31...
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 ....
#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 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...
On January 2, 2019, Todd Company acquired 35% of the outstanding stock of McGuire Company for $250,000. For the year ending, December 31, McGuire earned income of $100,000 and paid dividends of $20,000 Required: (Shows computations and references are required) Prepare the entries for Todd Company for the purchase of the stock, share of McGuire income and dividends received from McGuire. Debit Credit
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...
Heidebrecht Design acquired 30% of the outstanding common stock of Quayle Company on January 1, 2015, by paying $822,700 for the 43,300 shares. Quayle declared and paid $0.30 per share cash dividends on March 15, June 15, September 15, and December 15, 2015. Quayle reported net income of $341,800 for the year. At December 31, 2015, the market price of Quayle common stock was $25 per share. Prepare the journal entries for Heidebrecht Design for 2015 assuming Heidebrecht Design cannot...
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