The following are two independent situations. Situation 1 Nash Cosmetics acquired 10% of the 191,000 shares...
The following are two independent situations. Situation 1 Marigold Cosmetics acquired 10% of the 191,000 shares of common stock of Martinez Fashion at a total cost of $14 per share on March 18, 2020. On June 30, Martinez declared and paid $80,900 cash dividend to all stockholders. On December 31, Martinez reported net income of $121,000 for the year. At December 31, the market price of Martinez Fashion was $15 per share Situation 2 Swifty, Inc. obtained significant influence over...
The following are two independent situations. Situation 1 Sweet Cosmetics acquired 10% of the 191,000 shares of common stock of Martinez Fashion at a total cost of $13 per share on March 18, 2020. On June 30, Martinez declared and paid $74,500 cash dividend to all stockholders. On December 31, Martinez reported net income of $120,500 for the year. At December 31, the market price of Martinez Fashion was $14 per share. Situation 2 Pharoah, Inc. obtained significant influence over...
*Exercise 17-12 The following are two independent situations. Situation 1 Sunland Cosmetics acquired 10% of the 191,000 shares of common stock of Martinez Fashion at a total cost of $14 per share on March 18, 2017. On June 30, Martinez declared and paid $80,900 cash dividend to all stockholders. On December 31, Martinez reported net income of $121,000 for the year. At December 31, the market price of Martinez Fashion was $15 per share. Situation 2 Coronado, Inc. obtained significant...
Situation 1 Riverbed Cosmetics acquired 10% of the 191,000 shares of common stock of Martinez Fashion at a total cost of $14 per share on March 18, 2020. On June 30, Martinez declared and paid $69,200 cash dividend to all stockholders. On December 31, Martinez reported net income of $116,000 for the year. At December 31, the market price of Martinez Fashion was $15 per share. Situation 2 Marin, Inc. obtained significant influence over Seles Corporation by buying 40% of...
The following are two independent situations. Situation 1 Concord Cosmetics acquired 10% of the 193,000 shares of common stock of Martinez Fashion at a total cost of $14 per share on March 18, 2020. On June 30, Martinez declared and paid $67,500 cash dividend to all stockholders. On December 31, Martinez reported net income of $118,700 for the year. At December 31, the market price of Martinez Fashion was $15 per share. Situation 2 Marigold, Inc. obtained significant influence over...
The following are two independent situations. Situation 1 Carla Cosmetics acquired 10% of the 210,000 shares of common stock of Martinez Fashion at a total cost of $13 per share on March 18, 2020. On June 30, Martinez declared and paid $75,800 cash dividend to all stockholders. On December 31, Martinez reported net income of $129,200 for the year. At December 31, the market price of Martinez Fashion was $14 per share. Situation 2 Sarasota, Inc. obtained significant influence over...
The following are two independent situations. Situation 1 Conchita Cosmetics acquired 10% of the 200,000 shares of common stock of Martinez Fashion at a total cost of $13 per share on March 18, 2017. On June 30, Martinez declared and paid $75,000 cash dividend to all stockholders. On December 31, Martinez reported net income of $122,000 for the year. At December 31, the market price of Martinez Fashion was $15 per share. Situation 2 Monica, Inc. obtained significant influence over...
The following are two independent situations. Situation 1 Novak Cosmetics acquired 10% of the 198,000 shares of common stock of Martinez Fashion at a total cost of $12 per share on March 18, 2017. On June 30, Martinez declared and paid $82,000 cash dividend to all stockholders. On December 31, Martinez reported net income of $119,400 for the year. At December 31, the market price of Martinez Fashion was $13 per share. Situation 2 Splish, Inc. obtained significant influence over...
Situation 1 Sunland Cosmetics acquired 10% of the 193,000 shares of common stock of Martinez Fashion at a total cost of $14 per share on March 18, 2020. On June 30, Martinez declared and paid $67,500 cash dividend to all stockholders. On December 31, Martinez reported net income of $118,700 for the year. At December 31, the market price of Martinez Fashion was $15 per share. Situation 2 Coronado, Inc. obtained significant influence over Seles Corporation by buying 40% of...
The following are two independent situations. Situation 1 Cheyenne Cosmetics acquired 10% of the 185,000 shares of common stock of Martinez Fashion at a total cost of $12 per share on March 18, 2017. On June 30, Martinez declared and paid $79,800 cash dividend to all stockholders. On December 31, Martinez reported net income of $115,000 for the year. At December 31, the market price of Martinez Fashion was $13 per share. Situation 2 Ayayai, Inc. obtained significant influence over...