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Question - On January 2, 2020, All Good Company purchased 8,000 shares of the stock of Big Bad Company, and DID obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $10.00 per share, and represents a 30% ownership stake. Big Bad Company made $200,000 of net income in 2020, and paid dividends to All Good Company of $25,000 on December 15, 2020. Big Bad Company's stock was trading on the open market for $10.50 per share at the end of the year. Use this information to determine the book value of the investment that should be reported at year end by All Good Company. Round to nearest whole number (no cents).
What is the journal entry that should be made in January? Craig Design Inc. received its annual property tax bill for $7,200 in January.
Based on the information provided above, compute the earnings per share of Revival Corporation as of March 31, 2017?
A recent news article from US News on personal budgets. Applying this to budgets in businesses, discuss one way a company can assure its budgets are leaders.
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Direct labor budgeted in the chemical process was $240,000 for April. Prepare a cost of goods sold budget for April
On May 10, Mazili Corporation issues 2,000 shares of $10 par value common stock for cash at $18 per share. Journalize the issuance of the stock.
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