Does not have enough influence to elect a member on own

Assignment Help Accounting Basics

Reference no: EM13516222

Stark Co. paid $50 million to own 15% of the outstanding common stock of Baratheon Co. Additionally, Baratheon is heavily dependent on Stark Co.'s technology, and Stark Co. earned $1,000,000 on such transactions. Based on their strategic cooperation and Stark Co.'s technology, Stark Co. often influences strategic decisions that Baratheon Co. makes and influences at least one of the slate of people that Baratheon Co. presents for election to its Board. Stark Co., however, does not have enough influence to elect a member on its own accord. Finally, during 2012, Baratheon Co.:

Earned $20 million of net income
Paid $4 million in dividends

How should Stark Co. reflect its ownership of Baratheon Co. in its 2012 P&L and Balance Sheet?

Reference no: EM13516222

Questions Cloud

Find how much water was in the calorimeter can : A 50 g aluminum calorimeter contains wter at a temperature of 26 C. When 75 gof lead at a temperature of 85 C is dropped into the calorimeter, How much water was in the calorimeter can

Calculate the dipole moment of the earth : Assuming that the magnetic field of the earth is like that of a short dipole buried at the center of the earth, calculate the dipole moment of the earth

Cost-based pricing : Cost-Based Pricing

Find in which collision is the impulse on the cart greater : A cart traveling at 0.3 m/s collides with stationary object. After the collision, the cart rebounds in the opposite direction. In which collision is the impulse on the cart greater

Does not have enough influence to elect a member on own : Does not have enough influence to elect a member on its own accord

Find the magnitude of the impulse acting on the object : A 0.1-kg object is traveling to the right (in the positive direction) with a speed of 3 m/s. find the magnitude of the impulse (in N-s) acting on the object

Calculate the total number of revolutions turned : A machine shop grinding wheel accelerates from rest with a constant angular acceleration of 2.3 rad/s^2 for 7.1 s, Find the total number of revolutions turned

Compute the ph of a solution of hcl by mass : Calculate the pH of a solution that is 3.5% HCl by mass. The molar mass of HCl is 36.458g and density is 1.01 g/mL.

Find by how much does the object''s momentum change : A 5 N force acts on a 0.4-kg object for 0.3 seconds. By how much does the object's momentum change

User Account

All Pages