Reference no: EM132435909
Question - Sheffield Corp. was a 30% owner of Tamarisk Company, holding 216,000 shares of Tamarisk's common stock on December 31, 2016. The investment account had the following entries.
Investment in Tamarisk
1/1/15 Cost $3,230,000
12/6/15 Dividend received $160,000
12/31/15 Share of income $380,000
12/5/16 Dividend received $250,000
12/31/16 Share of income $490,000
On January 2, 2017, Sheffield sold 108,000 shares of Tamarisk for $3,470,000, thereby losing its significant influence. During the year 2017, Tamarisk experienced the following results of operations and paid the following dividends to Sheffield.
Tamarisk Income (Loss) Dividends Paid to Sheffield
2017 $320,000 $52,000
At December 31, 2017, the fair value of Tamarisk shares held by Sheffield is $1,980,000. This is the first reporting date since the January 2 sale.
Compute the carrying amount of the investment in Tamarisk as of December 31, 2017 (prior to any fair value adjustment).
Demand for the product in the present
: Suppose consumers believe that prices will be rising in the future. How will that affect demand for the product in the present? Can you show this graphically?
|
What will happen to demand or quantity demanded for pepsi
: If Coke's price increases, what will happen to the demand or quantity demanded for Pepsi, all other things being equal?
|
Oligopolistic industry have an incentive to collude
: Why do firms in an oligopolistic industry have an incentive to collude? What are the factors that will influence the success or failure of their collusive effor
|
What amount will Marigold receive when it issues the bonds
: Marigold Inc. issues $2,047,300 of 7% bonds due in 10 years with interest payable at year-end. What amount will Marigold receive when it issues the bonds
|
Compute the carrying amount of the investment in Tamarisk
: On January 2, 2017, Sheffield sold 108,000 shares of Tamarisk for $3,470,000, Compute the carrying amount of the investment in Tamarisk as of December
|
Ticket sales of a city professional football team
: During a five year period, the ticket sales of a city's professional football team have increased by 30 percent at the same time that average ticket prices
|
Describing the perception of the threat
: Consider the Issues for Globalization,Cultural taboos,Inappropriate uses of technology,Lack of educational opportunities.Describing the perception of the threat
|
Discuss their roles and their impact to the project
: Describe the project structure that you will use to manage the project. Discuss their roles and their impact to the project
|
Explain the differences between accounting profit
: (a) Explain the differences between accounting profit, economic profit and normal profit.
|