Dop down options for the first answer slots are: carrying amount of investment, dividends, initial cost, net income, sales proceeds. Thanks!@
Homework Answers
Solution:
Sales proceeds - carrying amount of investment = Gain (Loss) on sale of investment
$130 million - ($426/2) million = Gain (Loss) on sale of investment
Gain (Loss) on sale of investment = ($83) million
Add Answer to:
Dop down options for the first answer slots are: carrying amount
of investment, dividends, initial cost,...
ppose on January 1 , 2016, Southern Molors pad S400 milion for a 35% mvestment an...
ppose on January 1 , 2016, Southern Molors pad S400 milion for a 35% mvestment an Phase Motors Assie (Click the icon to view the Equity Method Investment T-account) ncome of $40 miltlion and paid cash dividends of $40 miltion during 201 Assume that on January 1, 2017,Southern Motors sold haif is investment in Phase Molors The sale price was $165 milion Compute Southem Motors' gain or loss on the sale Let's compute the gain or loss on the sale...
Most Company's comparative balance sheet at January 31, 2019, and 2018, reports the following (in millions):...
Most Company's comparative balance sheet at January 31, 2019, and 2018, reports the following (in millions): E: (Click the icon to view the comparative balance sheet.) The following are three situations related Most Company's issuance of stock and declaration and payment of dividends during the year ended January 31, 2019. Read the requirements. Begin by reviewing the labels for the change in stockholders' equity and then enter the amounts for each situation. (Enter an amount in each input area. Input...
(a) carrying the investment at FAIR VALUE please do not copy others answer, thank you. Chapter...
(a) carrying the investment at FAIR VALUE
please do not copy others answer, thank you.
Chapter 2 Reporting Intercorporate Investments and Consolidation of Wholly Owned Subsidiaries with No Differential 85 E2-4 Carrying an Investment at Fair Value versus Equity Method Reporting Winston Corporation purchased 40 percent of the stock of Fullbright Company on January 1, 20X2, at underlying book value. During the period of January 1, 20X2, through December 31, 20X4, the market value of Winston's investment in Fullbright's stock...
Please help to fix my numbers The comparative balance sheets for 2018 and 2017 and the...
Please help to fix my numbers
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for National Intercable Company. Add itional information from NIC's accounting records is provided also. 2 NATIONAL INTERCABLE COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) 6.66 points 2018 2017 Assets Cash 106 95 Accounts receivable Less: Allowance for uncollectible 280 275 Print (6) (8) accounts References Prepaid insurance Inventory Long-term investment 10...
Homework: Chapter 1 Post-Homework Save Score: 0 of 12 pts 2 of 8 (8 complete HW...
Homework: Chapter 1 Post-Homework Save Score: 0 of 12 pts 2 of 8 (8 complete HW Score: 73.23%, 73.23 of 100 pts X E1-22A (similar to) Requirements Nelson Company's comparative balance sheet at January 31, 2019 and 2018, reports the Click the icon to view the comparative balance sheet For each station, use the accounting equation and what you know from the chapter about stockholders' equity, common stock and retained earnings to calculate the amount of Nelson's net income or...
21) Which of the following would be added to net income when determining cash flows 21)...
21) Which of the following would be added to net income when determining cash flows 21) from operating activities under the indirect method? A) A decrease in accounts receivable C) A gain on the sale of land dsb B) A decrease in accounts payable. D) An increase in prepaid expenses. 22) Which of the following would NOT be a component of cash flows from investing 22) activities? A) Purchase of equipment B) Purchase of investment securities. C) Sale of land...
21) Which of the following would be added to net income when determining cash flows 21)...
21) Which of the following would be added to net income when determining cash flows 21) from operating activities under the indirect method? A) A decrease in accounts receivable C) A gain on the sale of land dsb B) A decrease in accounts payable. D) An increase in prepaid expenses. 22) Which of the following would NOT be a component of cash flows from investing 22) activities? A) Purchase of equipment B) Purchase of investment securities. C) Sale of land...
%E1-21 (similar to) E Question Help Alan Lightwork's balance sheet data at May 31, 2018, and...
%E1-21 (similar to) E Question Help Alan Lightwork's balance sheet data at May 31, 2018, and June 30, 2018, follow (Click the icon to view the balance sheet data) Read the requirement Begin by identifying the accounting equation and the formula to calculate the change in the stockholders' equity during a period. (Abbreviations used Bog equity beginning equity, End equity = ending equity.) Accounting equation = Assets = Liabilities - Equity Stockholders equity equation Beg equity common stock issued. Net...
On January 1, 2018, Jolley Corp. paid $250,000 for 25% of the voting common stock of...
On January 1, 2018, Jolley Corp. paid $250,000 for 25% of the voting common stock of Tige Co. On that date, the book value of Tige was $850,000. A building with a carrying value of $160,000 was actually worth $220,000. The building had a remaining life of twenty years. Tige owned a trademark valued at $90,000 over cost that was to be amortized over 20 years. During 2018, Tige sold to Jolley inventory costing $60,000, at a markup of 50%...
Q2: On January 1, 2018, Jolley Corp. paid $250,000 for 25% of the voting common stock...
Q2: On January 1, 2018, Jolley Corp. paid $250,000 for 25% of the voting common stock of Tige Co. On that date, the book value of Tige was $850,000. A building with a carrying value of $160,000 was actually worth $220,000. The building had a remaining life of twenty years. Tige owned a trademark valued at $90,000 over cost that was to be amortized over 20 years. During 2018, Tige sold to Jolley inventory costing $60,000, at a markup of...
ppose on January 1 , 2016, Southern Molors pad S400 milion for a 35% mvestment an Phase Motors Assie (Click the icon to view the Equity Method Investment T-account) ncome of $40 miltlion and paid cash dividends of $40 miltion during 201 Assume that on January 1, 2017,Southern Motors sold haif is investment in Phase Molors The sale price was $165 milion Compute Southem Motors' gain or loss on the sale Let's compute the gain or loss on the sale...
Most Company's comparative balance sheet at January 31, 2019, and 2018, reports the following (in millions): E: (Click the icon to view the comparative balance sheet.) The following are three situations related Most Company's issuance of stock and declaration and payment of dividends during the year ended January 31, 2019. Read the requirements. Begin by reviewing the labels for the change in stockholders' equity and then enter the amounts for each situation. (Enter an amount in each input area. Input...
(a) carrying the investment at FAIR VALUE
please do not copy others answer, thank you.
Chapter 2 Reporting Intercorporate Investments and Consolidation of Wholly Owned Subsidiaries with No Differential 85 E2-4 Carrying an Investment at Fair Value versus Equity Method Reporting Winston Corporation purchased 40 percent of the stock of Fullbright Company on January 1, 20X2, at underlying book value. During the period of January 1, 20X2, through December 31, 20X4, the market value of Winston's investment in Fullbright's stock...
Please help to fix my numbers
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for National Intercable Company. Add itional information from NIC's accounting records is provided also. 2 NATIONAL INTERCABLE COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) 6.66 points 2018 2017 Assets Cash 106 95 Accounts receivable Less: Allowance for uncollectible 280 275 Print (6) (8) accounts References Prepaid insurance Inventory Long-term investment 10...
Homework: Chapter 1 Post-Homework Save Score: 0 of 12 pts 2 of 8 (8 complete HW Score: 73.23%, 73.23 of 100 pts X E1-22A (similar to) Requirements Nelson Company's comparative balance sheet at January 31, 2019 and 2018, reports the Click the icon to view the comparative balance sheet For each station, use the accounting equation and what you know from the chapter about stockholders' equity, common stock and retained earnings to calculate the amount of Nelson's net income or...
21) Which of the following would be added to net income when determining cash flows 21) from operating activities under the indirect method? A) A decrease in accounts receivable C) A gain on the sale of land dsb B) A decrease in accounts payable. D) An increase in prepaid expenses. 22) Which of the following would NOT be a component of cash flows from investing 22) activities? A) Purchase of equipment B) Purchase of investment securities. C) Sale of land...
21) Which of the following would be added to net income when determining cash flows 21) from operating activities under the indirect method? A) A decrease in accounts receivable C) A gain on the sale of land dsb B) A decrease in accounts payable. D) An increase in prepaid expenses. 22) Which of the following would NOT be a component of cash flows from investing 22) activities? A) Purchase of equipment B) Purchase of investment securities. C) Sale of land...
%E1-21 (similar to) E Question Help Alan Lightwork's balance sheet data at May 31, 2018, and June 30, 2018, follow (Click the icon to view the balance sheet data) Read the requirement Begin by identifying the accounting equation and the formula to calculate the change in the stockholders' equity during a period. (Abbreviations used Bog equity beginning equity, End equity = ending equity.) Accounting equation = Assets = Liabilities - Equity Stockholders equity equation Beg equity common stock issued. Net...
On January 1, 2018, Jolley Corp. paid $250,000 for 25% of the voting common stock of Tige Co. On that date, the book value of Tige was $850,000. A building with a carrying value of $160,000 was actually worth $220,000. The building had a remaining life of twenty years. Tige owned a trademark valued at $90,000 over cost that was to be amortized over 20 years. During 2018, Tige sold to Jolley inventory costing $60,000, at a markup of 50%...
Most questions answered within 3 hours.
-
Why is the magnitude of the Type Ia supernova always the same
(-19.6)?
asked 1 minute from now -
1) Answer Each question with 1-2 Sentences:
a) How can we use the continuity and change...
asked 29 seconds ago -
5. You are a quality control engineer and you are
asked to analyze the lifetime (in hours)...
asked 30 minutes ago -
How many ways can 2 people be chosen and arranged in a straight
line if there...
asked 1 hour ago -
(Problem 1d). Leandro has 16 hours per day that he can allocate
to work or leisure....
asked 2 hours ago -
Morganton Company
makes one product and it provided the following information to help
prepare the master...
asked 2 hours ago -
2Al + 3Cl2 --> 2AlCl3
If one mole Al is reacted w two moles Cl2, how...
asked 3 hours ago -
1. You will see some trends in the movement of each currency vs.
the US Dollar....
asked 3 hours ago -
9. (9 pts) An investor with a stock portfolio worth several
hundred thousand dollars sued his...
asked 3 hours ago -
Which statement is true?
a. Unless directed otherwise, the computer automatically
executes C. statements one before...
asked 4 hours ago -
When a new company is considering Speed to Market for a product
launch, which would provide...
asked 4 hours ago -
bacteria and their metabolites could either promote or protect from
cancer. Explain one of these cases...
asked 4 hours ago