Listed below are a few events and transactions of Kodax
Company.
Year 1
Jan. | 2 | Purchased 25,000 shares of Grecco Co. common stock for $421,000 cash. Grecco has 100,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. | ||
Sept. | 1 | Grecco declared and paid a cash dividend of $1.60 per share. | ||
Dec. | 31 | Grecco announced that net income for the year is $488,400. |
Year 2
June | 1 | Grecco declared and paid a cash dividend of $1.90 per share. | ||
Dec. | 31 | Grecco announced that net income for the year is $702,900. | ||
Dec. | 31 | Kodax sold 8,000 shares of Grecco for $210,000 cash. |
Prepare journal entries to record the above transactions and events
of Kodax Company. (Do not round intermediate calculations
and round your final answers to the nearest dollar
amount.)
Listed below are a few events and transactions of Kodax Company. Year 1 Jan. 2 Purchased...
Listed below are a few events and transactions of Kodax Company. Year 1 Jan. 2 Purchased 45,000 shares of Grecco Co. common stock for $451,000 cash. Grecco has 180,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $1.90 per share. Dec. 31 Grecco announced that net income for the year is $492,900. Year 2 June 1 Grecco declared and paid a cash dividend of...
Listed below are a few events and transactions of Kodax Company Year 1 Jan. 2 Purchased 30,000 shares of Grecco Co. common stock for $411,000 cash. Grecco has 90,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $1.50 per share. Dec. 31 Grecco announced that net income for the year is $486,900. Year 2 June 1 Grecco declared and paid a cash dividend of...
Listed below are a few events and transactions of Kodax Company. Year 1 Jan. 2 Purchased 62,000 shares of Grecco Co. common stock for $586,000 cash. Grecco has 186,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $1.50 per share. Dec. 31 Grecco announced that net income for the year is $516,900. Year 2 June 1 Grecco declared and paid a cash dividend of...
Listed below are a few events and transactions of Kodax Company, Year 1 Jan. 2 Purchased 40,000 shares of Grecco Co. common stock for $431,000 cash. Grecco has 120,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. 1 Grecco declared and paid a cash dividend of $1.70 per share. Dec. 31 Grecco announced that net income for the year is $489,900. Sept: Year 2 June 1 Grecco declared and paid a cash dividend of...
Exercise 15-12 Securities transactions; equity method LO P4 Listed below are a few events and transactions of Kodax Company. 2017 Jan. 2 Purchased 24,960 shares of Grecco Co. common stock for $409,000 cash plus a broker's fee of $3,100 cash. Grecco has 96,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $1.60 per share. Dec. 31 Grecco announced that net income for the year...
m an ansactions of Kodax Company. Year 1 Jan. 2 Purchased 87,000 shares of Grecco Co. common stock for $536,000 cash. Grecco has 261,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $1.40 per share. Dec. 31 Grecco announced that net income for the year is $509,400. Year 2 June 1 Grecco declared and paid a cash dividend of $3.ee per share. Dec. 31...
Year 1 Jan. 2 Purchased 75,000 shares of Grecco Co. common stock for $531,000 cash. Grecco has 300,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $1.70 per share. Dec. 31 Grecco announced that net income for the year is $504,900. Year 2 June 1 Grecco declared and paid a cash dividend of $3.40 per share. Dec. 31 Grecco announced that net income for...
Exercise 15-12 Securities transactions; equlty method LO P4 Listed below are a few events and transactions of Kodax Company. 2017 Jan. 2 Purchased 28,000 shares of Grecco Co. common stock for $426,000 cash plus a broker's fee of $4,800 cash. Grecco has 70,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $3.30 per share. Dec. 31 Grecco announced that net income for the year...
7.
Exercise 15-12 Accounting for equity method investments LO P5 Listed below are a few events and transactions of Kodax Company Year 1 Jan. 2 Purchased 30,eee shares of Grecco Co. common stock for $411, ce cash. Grecco has 9,000 shares of common stock outstanding and its activities will be significantly influenced by Kodax Sept. 1 Grecco declared and paid cash dividend of $1.50 per share. Dec. 31 Grecco announced that net incore for the year is $486.000. Year 2...
Exercise 15-12 Securities transactions; equity method LO P4 Listed below are a few events and transactions of Kodax Company 2017 Jan. 2 Purchased 34,000 shares of Grecco Co. common stock for $421,000 cash plus a broker's fee of $4,300 cash. Grecco has 85,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodex. Sept. 1 Crecco declared and paid a cash dividend of $2.80 per share. Dec. 31 Grecco announced that net incone for the year...