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Dumar Corporation purchased 800 ordinary shares of Viking Industries as a trading investment for $14,880. During the year, Viking Industries paid a cash dividend of $3.20 per share. At year-end, Viking's shares were selling for $17.40 per share. On the income statement for the year ended December 31, what is the total amount of unrealized gain/loss and dividend revenue reported by Dumar Corporation?
It will hold the shares in the treasury until resold. On November 1, the corporation sells 1,000 shares of treasury stock for cash at $70 per share. Journalize the treasury stock transactions.
biltmore financial is a banking services company that offers many different types of checking accounts. the bank has
Lets go a bit further with the example from M8-3. Assume that on February 2, 2015, Extreme Fitness received a payment of $ 500 from one of the customers whose balance had been written off. Prepare the journal entries to record this transaction.
On January 10, 2012 Badger Co. purchased 30% of the outstanding stock of Crest Co. fir $123,000. Crest paid total dividend to all shareholders of $15,000 on July 15. Crest had a net loss of $25,000 for 2012.
Andrea Torbert purchased a computer for $8,000 on July 1, 2010. She intends to depreciate it over 4 years using the double-declining-balance method. Salvage value is $1,000. Compute depreciation for 2011.
Anthony and Latrisha are married and have two sons, James, age 25 and Jonas, age 13. Both sons are properly claimed as dependents. Anthony and Latrisha's marginal tax rate is 25% in the current year and they file a joint return. Both James and Jon..
julie jones was hired by a popular fast food restaurant as an order taker and cashier. shortly after taking the job she
On November 8, 2006, Power Corp. sold land to Wood Co., its wholly owned subsidiary. The land cost $61,500 and was sold to Wood for $89,000. From the perspective of the combination, when is the gain on the sale of the land realized?
At the end of 2015, Palmer determines that the net assets of Ruth, now a division of his company, are 600,000. Palmer also determines that the fair value of Ruth division is 500,000. Should Palmer consider any goodwill impairment? If yes, what's t..
the comparative statements of osborne company are presented here.osborne company income statements for the years ended
the stockholders equity accounts of sigma corporation on january 1 2010 were as follows.preferred stock 8 100 par
builder bug company allocates overhead at 9 per direct labor hour. job a45 required 5 boxes of direct materials at a
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