I'm not sure with my answer (I'm not that familiar with the equity method)
Homework Answers
Answer:
Add Answer to:
I'm not sure with my answer (I'm not that familiar
with the equity method)
On January...
On January 1, 2021, Lear Company purchased 37% of Bunker Company's common stock for $360,000. During...
On January 1, 2021, Lear Company purchased 37% of Bunker Company's common stock for $360,000. During 2021, Bunker Company reported a net income of $129,000 and paid dividends totaling $43,000. In 2022, Bunker Company reported a net income of $81,000 and paid dividends totaling $17,000. On December 31, 2022, Lear Company sold one-fourth of its investment in Bunker Company for $112,970 cash. Calculate the amount of the realized gain reported in Lear Company's 2022 income statement resulting from the sale...
Question 7 On January 1, 2021, Lear Company purchased 37% of Bunker Company's common stock for...
Question 7 On January 1, 2021, Lear Company purchased 37% of Bunker Company's common stock for $360,000. During 2021, Bunker Company reported a net income of $129,000 and paid dividends totaling $43 ,000. In 2022, Bunker Company reported a net income of $81,000 and paid dividends totaling $17,000. On December 31, 2022, Lear Company sold one-fourth of its investment 'in Bunker Company for $112,970 cash . Calculate the amount of the realized gain reported in Lear Company 's 2022 income...
On January 1, 2021, Lear Company purchased 37% of Bunker Company's common stock for $360,000. During...
On January 1, 2021, Lear Company purchased 37% of Bunker Company's common stock for $360,000. During 2021, Bunker Company reported a net income of $129,000 and paid dividends totaling $43,000. In 2022, Bunker Company reported a net income of $81,000 and paid dividends totaling $17,000. On December 31, 2022, Lear Company sold one-fourth of its investment in Bunker Company for $112,970 cash. Calculate the amount of investment revenue related to the investment in Bunker Company reported on Lear Company's 2021...
Question 6 On January 1, 2021, Lear Company purchased 37% of Bunker Company's common stock for...
Question 6 On January 1, 2021, Lear Company purchased 37% of Bunker Company's common stock for $360,000. During 2021, Bunker Company reported a net income of $129,000 and paid dividends totaling $43,000. In 2022, Bunker Company reported a net income of $81,000 and paid dividends totaling $17,000. On December 31, 2022, Lear Company sold one-fourth of its investment in Bunker Company for $112,970 cash. Calculate the amount of investment revenue related to the investment in Bunker Company reported on Lear...
I'm not sure with my answer Question 1 Prime Company began operations in January, 2019, by...
I'm not sure with my answer
Question 1 Prime Company began operations in January, 2019, by issuing 5,700 shares of 9%, cumulative, $65 par value preferred stock and 25,000 shares of $8 par value common stock. Prime Company paid $26,000 of dividends in 2019, they paid $35,000 of dividends in 2020, they paid $38,000 of dividends in 2021, they paid $24,000 of dividends in 2022, and they paid dividends of $50,000 in 2023. Calculate the amount of the $50,000 dividend...
I'm not sure with my answer At January 1, 2022, 22 company reported the following stockholders...
I'm not sure with my answer
At January 1, 2022, 22 company reported the following stockholders equity accounts: Common stock, 39 par Paid-in capital - common stock Treasury stock (14.000 shares at $15 c Paid in capital - treasury stock ... Retained earnings . $450,000 125,000 210,000 12,000 During January, 22 company entered into the following transactions: January 14 Reissued 3.000 of the treasury shares for $9 per share January 19 Re-issued 5,000 of the treasury shares for $16 per...
I'm not sure with my answer (or if I should consider the change in unearned revenue...
I'm not sure with my answer (or if I should consider
the change in unearned revenue because someone else told me I don't
need to)
January 1, 2019 Inventory 61,000 Notes payable 95,000 Unearned revenue 18,000 Accounts payable 49,000 Retained earnings 23,000 Land 80,000 Common stock 38,000 Accounts receivable 53,000 December 31, 2019 36,000 81,000 25,000 53,000 42,000 92,000 77,000 ABC Company's 2019 income statement included sales revenue of $420,000, loss on sale of land of $14,000, and net income...
I'm not sure with my answer serer dl teugel's TOF 2019: January 1, 2019 Inventory 61,000 Notes payable 95,000 Unearn...
I'm not sure with my answer
serer dl teugel's TOF 2019: January 1, 2019 Inventory 61,000 Notes payable 95,000 Unearned revenue 18,000 Accounts payable 49,000 Retained earnings 23,000 Land 80,000 Common stock 38,000 Accounts receivable 53,000 December 31, 2019 36,000 81,000 25,000 53,000 42,000 92,000 77,000 ABC Company's 2019 income statement included sales revenue of $420,000, loss on sale of land of $14,000, and net income of $32, oco. ABC Company's 2019 statement of cash flows included the following: Cash...
I'm not sure with my answer At January 1, 2022, ZZ Company reported the following stockholders...
I'm not sure with my answer
At January 1, 2022, ZZ Company reported the following stockholders equity accounts: Common stock, $9 par .. Paid-in capital - common stock .. Treasury stock (14,000 shares at $15 cost) Paid-in capital - treasury stock Retained earnings $450,000 125,000 210,000 12,000 58,000 During January, ZZ Company entered into the following transactions: January 14 Re-issued 3,000 of the treasury shares for $9 per share January 19 Re-issued 5,000 of the treasury shares for $16 per...
ZZ, Inc. acquired 39% of Davis Company's common stock for $300,000 on January 1, 2018. During...
ZZ, Inc. acquired 39% of Davis Company's common stock for $300,000 on January 1, 2018. During 2018, Davis Company reported a net income of $180,000 and paid dividends totaling $30,000. For 2019, Davis Company earned a net income of $150,000 and paid dividends totaling $20,000. On December 31, 2019, ZZ, Inc. sold one-half of its investment in Davis Company for $208,000 cash. Calculate the balance in the investment in Davis Company account at December 31, 2018.
Question 7 On January 1, 2021, Lear Company purchased 37% of Bunker Company's common stock for $360,000. During 2021, Bunker Company reported a net income of $129,000 and paid dividends totaling $43 ,000. In 2022, Bunker Company reported a net income of $81,000 and paid dividends totaling $17,000. On December 31, 2022, Lear Company sold one-fourth of its investment 'in Bunker Company for $112,970 cash . Calculate the amount of the realized gain reported in Lear Company 's 2022 income...
Question 6 On January 1, 2021, Lear Company purchased 37% of Bunker Company's common stock for $360,000. During 2021, Bunker Company reported a net income of $129,000 and paid dividends totaling $43,000. In 2022, Bunker Company reported a net income of $81,000 and paid dividends totaling $17,000. On December 31, 2022, Lear Company sold one-fourth of its investment in Bunker Company for $112,970 cash. Calculate the amount of investment revenue related to the investment in Bunker Company reported on Lear...
I'm not sure with my answer
Question 1 Prime Company began operations in January, 2019, by issuing 5,700 shares of 9%, cumulative, $65 par value preferred stock and 25,000 shares of $8 par value common stock. Prime Company paid $26,000 of dividends in 2019, they paid $35,000 of dividends in 2020, they paid $38,000 of dividends in 2021, they paid $24,000 of dividends in 2022, and they paid dividends of $50,000 in 2023. Calculate the amount of the $50,000 dividend...
I'm not sure with my answer
At January 1, 2022, 22 company reported the following stockholders equity accounts: Common stock, 39 par Paid-in capital - common stock Treasury stock (14.000 shares at $15 c Paid in capital - treasury stock ... Retained earnings . $450,000 125,000 210,000 12,000 During January, 22 company entered into the following transactions: January 14 Reissued 3.000 of the treasury shares for $9 per share January 19 Re-issued 5,000 of the treasury shares for $16 per...
I'm not sure with my answer (or if I should consider
the change in unearned revenue because someone else told me I don't
need to)
January 1, 2019 Inventory 61,000 Notes payable 95,000 Unearned revenue 18,000 Accounts payable 49,000 Retained earnings 23,000 Land 80,000 Common stock 38,000 Accounts receivable 53,000 December 31, 2019 36,000 81,000 25,000 53,000 42,000 92,000 77,000 ABC Company's 2019 income statement included sales revenue of $420,000, loss on sale of land of $14,000, and net income...
I'm not sure with my answer
serer dl teugel's TOF 2019: January 1, 2019 Inventory 61,000 Notes payable 95,000 Unearned revenue 18,000 Accounts payable 49,000 Retained earnings 23,000 Land 80,000 Common stock 38,000 Accounts receivable 53,000 December 31, 2019 36,000 81,000 25,000 53,000 42,000 92,000 77,000 ABC Company's 2019 income statement included sales revenue of $420,000, loss on sale of land of $14,000, and net income of $32, oco. ABC Company's 2019 statement of cash flows included the following: Cash...
I'm not sure with my answer
At January 1, 2022, ZZ Company reported the following stockholders equity accounts: Common stock, $9 par .. Paid-in capital - common stock .. Treasury stock (14,000 shares at $15 cost) Paid-in capital - treasury stock Retained earnings $450,000 125,000 210,000 12,000 58,000 During January, ZZ Company entered into the following transactions: January 14 Re-issued 3,000 of the treasury shares for $9 per share January 19 Re-issued 5,000 of the treasury shares for $16 per...
Most questions answered within 3 hours.
-
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 12 minutes ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 43 minutes ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 2 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 2 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 3 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 4 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 4 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 5 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 5 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 5 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 5 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 5 hours ago