Reference no: EM13948530
At December 31, 2014, how much is the dividend allocation?On January 2, 2014, Max Corporation acquired 30 percent of the outstanding common stock of Rich Company for $1,000,000. This acquisition gave Max the ability to exercise significant influence over the investee. The book value of the acquired shares was $790,000. Any excess cost over the book value was assigned to a patent that was undervalued on Rich's balance sheet. This patent has a remaining useful life of 7 years. For the year ended December 31, 2014, Rich reported net income of $250,000 and paid cash dividends of $95,000.
At December 31, 2014, how much is the basic equity accrual (increase)?
For 2014, how much is the excess amortization of the patent?
At December 31, 2014, how much is the dividend allocation?
At December 31, 2014, how much should Max report as its investment in Rich?
|
Risk capital investment that offers superior rate of return
: Fitz is risk-averse and is content with a relatively low but safe return on his investments. Frieda is risk-tolerant and seeks a very high rate of return on her invested savings. Yet both shareholders will applaud allow-risk capital investment that o..
|
|
According to the customer specifications
: The price quoted to the customer is closely tied to the estimated cost in environments in which products are made according to the customer's specifications.
|
|
Company controller
: The company controller has asked all candidates to take a quiz to demonstrate their knowledge of job order costing.
|
|
Electronics and communications systems
: Harold Corporation, a manufacturer of electronics and communications systems, uses a service department charge system to charge profit centers with Computing and Communications Services (CCS) service department costs.
|
|
Common stock of rich company
: how much is the dividend allocation?On January 2, 2014, Max Corporation acquired 30 percent of the outstanding common stock of Rich Company for $1,000,000.
|
|
Max corporation acquired
: Max Corporation acquired 30 percent of the outstanding common stock of Rich Company for $1,000,000. This acquisition gave Max the ability to exercise significant influence over the invested.
|
|
Local commercial segment of the market
: Preliminary analysis using these activity rates has indicated that the local commercial segment of the market may be unprofitable. This segment is highly competitive. Producers of local commercials may ask three or four companies like Pixel Studio to..
|
|
Summary of the payroll
: The summary of the payroll for the monthly pay period ending July 15 indicated
|
|
Journalize the entry to record the sale
: journalize the entry to record the sale. Refer to the Chart of Accounts for exact wording of account titles.
|