Did obtain significant influence

Assignment Help Financial Accounting
Reference no: EM133272924

On January 2, 2020, All Good Company purchased 5,000 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 $500,000 of net income in 2020, and paid dividends to All Good Company of $20,000 on December 15, 2020. Big Bad Company's stock was trading on the open market for $13.50 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).

Reference no: EM133272924

Questions Cloud

What is the annual cost of the company : A company uses 1,500 units of Zeron per year. Each unit has an invoice cost of P222, including shipping costs. Because of the volatile nature of Zeron, it costs
The preferred stock was noncumulative and non-callable : Somerset Corporation had total stockholders' equity of $3,000,000. There was no treasury stock. The preferred stock was noncumulative and non-callable.
What is the maximum price that civic division : Lamothe Solutions is a management consulting firm. Its Business Division advises firms on the adoption and use of financial systems. Civic Division consults wit
Yield on the province of ontario bond : On February 2, 2016, an investor held some Province of Ontario stripped coupons in a self-administered RRSP at Scotia McLeod, an investment dealer.
Did obtain significant influence : On January 2, 2020, All Good Company purchased 5,000 shares of the stock of Big Bad Company, and DID obtain significant influence.
Review nln nurse educator competency : Review NLN Nurse Educator Competency II: Facilitate Learner Development & Socialization. What is your plan to encourage professional development in learners
How much is the impairment loss for 2020 : AIKA Company accounts for noncurrent assets held for sale using the revaluation model.
Determine unrealized gain or loss on investment : Use this information to determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company.
Discuss the relative importance of traditional college : Then, using their arguments and at least 2 other sources, discuss the relative importance of traditional college education vs. development of a new paradigm

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd