Reference no: EM131251055
Derson acquires 10 percent of the outstanding voting shares of Barringer on January 1, 2013, for $102,520 and categorizes the investment as an available-for-sale security. An additional 20 percent of the stock is purchased on January 1, 2014, for $235,900, which gives Anderson the ability to significantly influence Barringer. Barringer has a book value of $890,000 at January 1, 2013, and records net income of $196,000 for that year. Barringer declared and paid dividends of $79,000 during 2013. The book values of Barringer’s asset and liability accounts are considered as equal to fair values except for a copyright whose value accounted for Anderson’s excess cost in each purchase. The copyright had a remaining life of 16 years at January 1, 2013. Barringer reported $243,200 of net income during 2014 and $322,200 in 2015. Dividends of $116,000 are declared and paid in each of these years. Anderson uses the equity method.
a. On its 2015 comparative income statements, how much income would Anderson report for 2013 and 2014?
b. If Anderson sells its entire investment in Barringer on January 1, 2016, for $472,005 cash, what is the impact on Anderson’s income?
|
Extend the flow properties and definitions
: Extend the flow properties and definitions to the multiple-source, multiple-sink problem. Show that any flow in a multiple-source, multiple-sink flow network corresponds to a flow of identical value in the single-source, single-sink network obtain..
|
|
Sequence and selection structures
: Suggest one (1) example of a problematic programming situation or scenario that the use or implementation of a sequence structure could resolve. Justify your response.
|
|
Calculate the day of the week for the between dates
: Calculate the day of the week for the dates between March 1900 and February 2100 as follows: First, you have to calculate the total number of days from 1900/1/1 to the given date (see below for details).
|
|
How did the author approach the issue
: Describe how you could apply the information you learned in the article to your current or future work situation. Is there an advocacy, communication approach, or other alternative method that could be implemented to address the issue or concern me..
|
|
Categorizes the investment as available-for-sale security
: Derson acquires 10 percent of the outstanding voting shares of Barringer on January 1, 2013, for $102,520 and categorizes the investment as an available-for-sale security. An additional 20 percent of the stock is purchased on January 1, 2014, for $23..
|
|
Challenges of information vandalism
: Do you agree or disagree with Professor Goldman's argument? What can Wikipedia do to combat the challenges of information vandalism and copyright/plagiarism issues?
|
|
Power plant on gilligans island is producing air pollution
: Your power plant on Gilligan's Island is producing too much air pollution. -provide Excel document showing all calculation in appendixes choose the best option for Gilligan's Island.
|
|
Write a java program the displays the state bird and flower
: Write a Java program the displays the State bird and flower. You should use your IDE for this exercise. The program should prompt the user to enter a State and print both the State bird and flower.
|
|
Explain the five-step model of thinking critically
: Explain the Five-Step Model of Thinking Critically, giving a brief description of each step. This should be no more than 50 words of the 300-word minimum
|