Homework Answers
| Answer: | |
| Particulars | Amount (in $ ) |
| Acquistion Price | $ 119,000 |
|
Less: Cash Dividend Declared ( $ 31,000 x 31% ) |
($ 9,610 ) |
|
Add: Reported Net Income ($ 79,000 x 31% ) |
$ 24,490 |
| Balance in the Bharrat Equity Method Investments - Ferris account | $ 133,880 |
| Option (d ) is Correct |
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Saved Help Save & Exit harrat Corporation purchased 31% of Ferris Corporation for $119,000 on Januaryt....
Help Save & Exit Submit As of December 31, 2018, Warner Corporation reported the following Dividends...
Help Save & Exit Submit As of December 31, 2018, Warner Corporation reported the following Dividends payable Treasury stock Paid-in capital-share repurchase other paid-in capital accounts Retained earnings $ 31,000 710,000 31,000 5,100,000 4,100,000 During 2019. half of the treasury stock was resold for $262.000, net income was $710,000, cash dividends declared were $1610,000, and stock dividends declared were $610,000 What would shareholders' equity be as of December 31, 2019? Multiple Choice $7.976,000 $8,883,000 o $7,883,000 O 55710,000 $570,000
U U pomembno Wk 3 - Practice: Connect Knowledge C... 6 Saved Help Save & Exit...
U U pomembno Wk 3 - Practice: Connect Knowledge C... 6 Saved Help Save & Exit Su Check my we Constantine Corporation reported Net Income for the year ended December 31, 2019, of $23,760 then discovered that the entry to pay the rent for December in the amount of $1,600 was not journalized and posted. What is the Net Income after the correcting journal entry is journalized and posted? 0.66 points eBook Multiple Choice References O $23760 $25,360 O $20,560...
Saved Help Save & EX Submit A company purchased $108,000 of 6% bonds on May 1...
Saved Help Save & EX Submit A company purchased $108,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1 The amount of interest accrued on December 31 the company's year-end would be Multiple Choice $3.240 $5,400 $1080 о $2,700 $2,160 Next > 15 of 36 1 < Prev SAMSUNG ere to search
Saved Help Save & Ext tosch Company's balance sheet reported assets of $127,000, liabilities of $32,000...
Saved Help Save & Ext tosch Company's balance sheet reported assets of $127,000, liabilities of $32,000 and common stock of $29,000 as of December 31 Year 1. Retained arnings on the December 31, Year 2 balance sheet is $86,000 and Stosch paid a $31000 dividend during Year 2. What is the amount of net income for "ear 2? Multiple Choice 551000 $31000 Next > < Prev MacBook Pro
Saved Help Save & Exit Required information [The following information applies to the questions displayed below.)...
Saved Help Save & Exit Required information [The following information applies to the questions displayed below.) The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corresponding amounts: Assets = $33,000; Liabilities = ?; Common Stock = $6,300: Revenue = $13,600; Dividends = $1,400; Beginning Retained Earnings = $4,400; Ending Retained Earnings = $8,300. Based on this information, what was the amount of expenses reported on Calloway's income statement for the...
Saved Help Save & Exit Submit A company's balance sheet shows: cash $35,000, accounts receivable $41,000,...
Saved Help Save & Exit Submit A company's balance sheet shows: cash $35,000, accounts receivable $41,000, equipment $72,000, and equity $83,000 What is the amount of liabilities? Multiple Choice $148,000 $131,000. $65,000 $79,000 BE < Prev 5 of 34 Next >
Exam.il 0 Saved Help Save & Exit RB Farworth will pay you $2,500 a year for...
Exam.il 0 Saved Help Save & Exit RB Farworth will pay you $2,500 a year for 15 years in exchange for $25,000 today. What interest rate will you earn on this annuity? Multiple Choice O 6.23 percent O 5.56 percent 7.46 percent O < Prev 21 of 40 Next >
Saved Help Save & Exit Submi Job A3B was ordered by a customer on September 25....
Saved Help Save & Exit Submi Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,600 of direct materials and used $4,100 of direct labor. The job was not finished by the end of September, but needed an additional $3,100 of direct materials and additional direct labor of $6,600 to finish the job in October. The company applies overhead at the end of each month at a rate of 150% of...
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On October 1, 2019, Paige Turner Publishing received $60...
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On October 1, 2019, Paige Turner Publishing received $60,600 in cash for subscriptions covering one year, recording the entry as a debit to Cash and a credit to Unearned Subscriptions. The correct adjusting entry at December 31, 2019, is points Skipped Multiple Choice Mc Graw Hill Education < Prev 3 of 10 !! Next >
Saved Help Save & Exit Coldwell Company had the following balances at December 31: Cash, $1,000;...
Saved Help Save & Exit Coldwell Company had the following balances at December 31: Cash, $1,000; Accounts Receivable, $2,000; Supplies, $200; Merchandise Inventory, $500; Building, $5,000; Accounts Payable, $700; Wages Payable, $300; and Mortgage Payable due in two years, $3,000. Coldwell Company has a current ratio at December 31 of Multiple Choice 3.7 to 1 O 8.7 to 1 O 2.175 to 1 O < Prey 17 of 21 !! Next > o search O e ÔL 9w1.NO
Help Save & Exit Submit As of December 31, 2018, Warner Corporation reported the following Dividends payable Treasury stock Paid-in capital-share repurchase other paid-in capital accounts Retained earnings $ 31,000 710,000 31,000 5,100,000 4,100,000 During 2019. half of the treasury stock was resold for $262.000, net income was $710,000, cash dividends declared were $1610,000, and stock dividends declared were $610,000 What would shareholders' equity be as of December 31, 2019? Multiple Choice $7.976,000 $8,883,000 o $7,883,000 O 55710,000 $570,000
U U pomembno Wk 3 - Practice: Connect Knowledge C... 6 Saved Help Save & Exit Su Check my we Constantine Corporation reported Net Income for the year ended December 31, 2019, of $23,760 then discovered that the entry to pay the rent for December in the amount of $1,600 was not journalized and posted. What is the Net Income after the correcting journal entry is journalized and posted? 0.66 points eBook Multiple Choice References O $23760 $25,360 O $20,560...
Saved Help Save & EX Submit A company purchased $108,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1 The amount of interest accrued on December 31 the company's year-end would be Multiple Choice $3.240 $5,400 $1080 о $2,700 $2,160 Next > 15 of 36 1 < Prev SAMSUNG ere to search
Saved Help Save & Ext tosch Company's balance sheet reported assets of $127,000, liabilities of $32,000 and common stock of $29,000 as of December 31 Year 1. Retained arnings on the December 31, Year 2 balance sheet is $86,000 and Stosch paid a $31000 dividend during Year 2. What is the amount of net income for "ear 2? Multiple Choice 551000 $31000 Next > < Prev MacBook Pro
Saved Help Save & Exit Required information [The following information applies to the questions displayed below.) The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corresponding amounts: Assets = $33,000; Liabilities = ?; Common Stock = $6,300: Revenue = $13,600; Dividends = $1,400; Beginning Retained Earnings = $4,400; Ending Retained Earnings = $8,300. Based on this information, what was the amount of expenses reported on Calloway's income statement for the...
Saved Help Save & Exit Submit A company's balance sheet shows: cash $35,000, accounts receivable $41,000, equipment $72,000, and equity $83,000 What is the amount of liabilities? Multiple Choice $148,000 $131,000. $65,000 $79,000 BE < Prev 5 of 34 Next >
Exam.il 0 Saved Help Save & Exit RB Farworth will pay you $2,500 a year for 15 years in exchange for $25,000 today. What interest rate will you earn on this annuity? Multiple Choice O 6.23 percent O 5.56 percent 7.46 percent O < Prev 21 of 40 Next >
Saved Help Save & Exit Submi Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,600 of direct materials and used $4,100 of direct labor. The job was not finished by the end of September, but needed an additional $3,100 of direct materials and additional direct labor of $6,600 to finish the job in October. The company applies overhead at the end of each month at a rate of 150% of...
Wk.4 - Apply: Exercise i Saved Help Save & Exit Submit On October 1, 2019, Paige Turner Publishing received $60,600 in cash for subscriptions covering one year, recording the entry as a debit to Cash and a credit to Unearned Subscriptions. The correct adjusting entry at December 31, 2019, is points Skipped Multiple Choice Mc Graw Hill Education < Prev 3 of 10 !! Next >
Saved Help Save & Exit Coldwell Company had the following balances at December 31: Cash, $1,000; Accounts Receivable, $2,000; Supplies, $200; Merchandise Inventory, $500; Building, $5,000; Accounts Payable, $700; Wages Payable, $300; and Mortgage Payable due in two years, $3,000. Coldwell Company has a current ratio at December 31 of Multiple Choice 3.7 to 1 O 8.7 to 1 O 2.175 to 1 O < Prey 17 of 21 !! Next > o search O e ÔL 9w1.NO
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