Balance in agee equity investment

Assignment Help Financial Accounting

Reference no: EM13951550

Agee Corporation acquired a 39% interest in Trent Company on January 1, 2015, for $490,000. At that time, Trent had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2015, Trent paid cash dividends of $162,000 and thereafter declared and issued a 5% common stock dividend when the fair value was $2 per share. Trent's net income for 2015 was $356,000. What is the balance in Agee's equity investment account at the end of 2015?

Reference no: EM13951550

Questions Cloud

Business decisions using time value of money : In this assignment, you will reviewone article of your choice related to the world of finance. You can review articles on any financial topic of your choice. Sample topics may include: making better business decisions using the Time Value of Money..

Find capital loss or depreciation recapture of alternative : Frank's Fruitcakes is looking to purchase a web server system for e-business. Alternative 1 is to purchase an off-brand system, with equipment costing $50,000. Training, installation, and operating costs are shown in the expense column of the table b..

What is the projects discounted payback period : A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 9 years, and a cost of capital of 11%. What is the project's discounted payback period?

Explain the life cycle of an information system. : Imagine that you run a photography printing store. Your employees have been using punch cards for time entry since you started the business.

Balance in agee equity investment : What is the balance in Agee's equity investment account at the end of 2015?

What are the differential cash flows over the projects life : Gammy is considering building a facility to manufacture cupcakes to distribute nationally. Your assignment involves both the calculation of cash flows associated with the new investment under consideration and the evaluation of several mutually exclu..

Response about accrual accounting : Accrual accounting "is an accounting method that measures the performance and position of a company by recognizing economic events regardless of when cash transactions occur" (Investopedia, 2016)

Theoretical minimum number of stations : An assembly line must be designed to produce 40 containers per hour. The following data in give the necessary information.

What is the face value of a zero coupon bond : What is the face value of a zero coupon bond that has a yield of 8.5%, matures in 6 years, and is currently selling for $404.54? Round your answer to the nearest dollar. Show your work.

User Account

All Pages