Homework Answers
Add Answer to:
3. On January 1, 2018 Big Basket Corporation purchased 30,000 shares (5%) of Training Camp Corporation...
3. On January 1, 2018 Big Basket Corporation purchased 30,000 shares (5%) of Training Camp Corporation...
3. On January 1, 2018 Big Basket Corporation purchased 30,000 shares (5%) of Training Camp Corporation for $50,000 and 50,000 Shares (35%) of Energy Power Drink Inc. for $80,000 both long term investments. On December 31, 2018 Training Camp declared $1 dividend payment per share, and Energy Power Drink Inc. report its Net Income as $55,000 and paid $0.50 per share dividend payment. At year end December 31, 2018 Training Camp Corporation shares are trading at $2.50 per share, whereas...
3. On January 1, 2018 Big Basket Corporation purchased 30,000 shares (5%) of Training Camp Corporation...
3. On January 1, 2018 Big Basket Corporation purchased 30,000 shares (5%) of Training Camp Corporation for $50,000 and 50,000 Shares (35%) of Energy Power Drink Inc. for $80,000 both as long term investments. On December 31, 2018 Training Camp declared Si dividend payment per share, and Energy Power Drink Inc. report its Net Income as $55,000 and paid $0.50 per share dividend payment At year end December 31, 2018 Training Camp Corporation shares are trading at $2.50 per share,...
Page Break 3. On January 1, 2018 Big Basket Corporation purchased 30,000 shares (5%) of Training...
Page Break 3. On January 1, 2018 Big Basket Corporation purchased 30,000 shares (5%) of Training Camp Corporation for $50,000 and 50,000 Shares (35%) of Energy Power Drink Inc. for $80,000 both as long term investments. On December 31, 2018 Training Camp declared $1 dividend payment per share, and Energy Power Drink Inc. report its Net Income as $55,000 and paid $0.50 per share dividend payment. At year end December 31, 2018 Training Camp Corporation shares are trading at $2.50...
1. Sol Corporation acquired 10% of the 100,000 ordinary shares of C Electronics at a total cost of $15 per share on Dec 1, 2018. On December 30, C Electronics declared and paid a $50,000 dividend....
1. Sol Corporation acquired 10% of the 100,000 ordinary shares of C Electronics at a total cost of $15 per share on Dec 1, 2018. On December 30, C Electronics declared and paid a $50,000 dividend. On December 31, C Electronics reported net income of $200,000 for the year. At December 31, the market price of C Electronics was $18 per share. (a) If the share investment is classified as "trading" Please prepare all the necessary journal entries for 2018...
2) In January 2018, Milk Ltd purchased 20 million £1 listed equity shares at a price...
2) In January 2018, Milk Ltd purchased 20 million £1 listed equity shares at a price of £2 per share. The shares were bought as a source of dividend income and were the subject of an irrevocable election at initial recognition to recognise them at fair value through other comprehensive income. Transaction costs were £3m. At 31 December 2018, the shares were trading at £2.50. On 31 December 2018 Milk Ltd received a dividend of from these shares of 5p...
CINRICH Corporation was organized on January 1, 2018. It is authorized to issue 22,000 shares of...
CINRICH Corporation was organized on January 1, 2018. It is authorized to issue 22,000 shares of $3-noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the first year. Jan. 1 Issued 84,000 common shares for cash at $3 per share. Mar. 1 Issued 12,500 preferred shares for cash at $57 per share. May 1 Issued 116,000 common shares for cash at $5 per share. Sept. 1 Issued 4,800 common shares for cash...
On January 1, 2018, Duffy Dog Corporation had 76,000 common shares, recorded at $653,000, and retained...
On January 1, 2018, Duffy Dog Corporation had 76,000 common shares, recorded at $653,000, and retained earnings of $1,044,000. During the year, the following transactions occurred: Apr. 2 Issued 4,600 common shares at $20 per share. June 15 Declared a cash dividend of $0.35 per share to common shareholders of record on June 30, payable on July 10. Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The shares were...
The following events occurred in 2020 and 2021 in relation to Beaver Inc.’s investment in Big...
The following events occurred in 2020 and 2021 in relation to Beaver Inc.’s investment in Big Lion Corporation: • On January 1, 2020 Beaver Inc. acquired 25,000 shares of Big Lion for $50 a share. Because Beaver Inc owns 25,000 of the 100,000 outstanding shares of Big Lion it accounts for its investment using the equity method. • Big Lion and Beaver Inc. both have fiscal years ending on December 31. For fiscal 2020, Big Lion Corporation reported income of...
On January 2, 2018, All Good Company purchased 7,000 shares of the stock of Big Bad...
On January 2, 2018, All Good Company purchased 7,000 shares of the stock of Big Bad Company, and DID obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $15 per share, and represents a 30% ownership stake. Big Bad Company made $300,000 of net income in 2018, and paid dividends to All Good Company of $35,000 on December 15, 2018. Big Bad Company's stock was trading on the open market for $18 per share at the...
On January 2, 2018, All Good Company purchased 5,000 shares of the stock of Big Bad...
On January 2, 2018, All Good Company purchased 5,000 shares of the stock of Big Bad Company, and DID obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $13 per share, and represents a 30% ownership stake. Big Bad Company made $350,000 of net income in 2018, and paid dividends to All Good Company of $35,000 on December 15, 2018. Big Bad Company's stock was trading on the open market for $14 per...
3. On January 1, 2018 Big Basket Corporation purchased 30,000 shares (5%) of Training Camp Corporation for $50,000 and 50,000 Shares (35%) of Energy Power Drink Inc. for $80,000 both long term investments. On December 31, 2018 Training Camp declared $1 dividend payment per share, and Energy Power Drink Inc. report its Net Income as $55,000 and paid $0.50 per share dividend payment. At year end December 31, 2018 Training Camp Corporation shares are trading at $2.50 per share, whereas...
3. On January 1, 2018 Big Basket Corporation purchased 30,000 shares (5%) of Training Camp Corporation for $50,000 and 50,000 Shares (35%) of Energy Power Drink Inc. for $80,000 both as long term investments. On December 31, 2018 Training Camp declared Si dividend payment per share, and Energy Power Drink Inc. report its Net Income as $55,000 and paid $0.50 per share dividend payment At year end December 31, 2018 Training Camp Corporation shares are trading at $2.50 per share,...
Page Break 3. On January 1, 2018 Big Basket Corporation purchased 30,000 shares (5%) of Training Camp Corporation for $50,000 and 50,000 Shares (35%) of Energy Power Drink Inc. for $80,000 both as long term investments. On December 31, 2018 Training Camp declared $1 dividend payment per share, and Energy Power Drink Inc. report its Net Income as $55,000 and paid $0.50 per share dividend payment. At year end December 31, 2018 Training Camp Corporation shares are trading at $2.50...
1. Sol Corporation acquired 10% of the 100,000 ordinary shares of C Electronics at a total cost of $15 per share on Dec 1, 2018. On December 30, C Electronics declared and paid a $50,000 dividend. On December 31, C Electronics reported net income of $200,000 for the year. At December 31, the market price of C Electronics was $18 per share. (a) If the share investment is classified as "trading" Please prepare all the necessary journal entries for 2018...
2) In January 2018, Milk Ltd purchased 20 million £1 listed equity shares at a price of £2 per share. The shares were bought as a source of dividend income and were the subject of an irrevocable election at initial recognition to recognise them at fair value through other comprehensive income. Transaction costs were £3m. At 31 December 2018, the shares were trading at £2.50. On 31 December 2018 Milk Ltd received a dividend of from these shares of 5p...
Most questions answered within 3 hours.
-
A χ2-curve, looking at the relationship between age and hours
spent working at an office per...
asked 1 minute from now -
The pH of a sample of water from a river is 5.0. A
sample of effluent from...
asked 43 minutes ago -
At the beginning of the period, the Fabricating Department
budgeted direct labor of $136,500 and equipment...
asked 1 hour ago -
Please answer all
____ 28. Rent control is usually
justified on the grounds that it protects...
asked 1 hour ago -
PARTS A-D HAVE BEEN ANSWERED. WAS TOLD TO REPOST. ONLY ANSWER
PARTS E and F.
A...
asked 1 hour ago -
2) You are given the task of finding a representation for a
circle in a drawing...
asked 2 hours ago -
STUDY QUESTION: Does use of diet drug fen-phen
(fenfluramine-phentermine) cause valvular heart disease?
HINT: Valvular heart...
asked 2 hours ago -
1. An object weighing 40 N rests on a surface. The coefficient
of friction is 0.35....
asked 3 hours ago -
Investor company owns 35% of investee company voting stock and
accounts for the investment under the...
asked 4 hours ago -
The number of major faults on a randomly chosen 1 km stretch of
highway has a...
asked 5 hours ago -
Consider the competitive environment of Starbuck's, Progressive
Insurance, a manufacturing firm with low turnover, or a...
asked 5 hours ago -
3. Gains from trade
Consider two neighbouring island countries called Euphoria and
Contente. They each have...
asked 7 hours ago