Does zoovest capital have significant influence over gw

Assignment Help Financial Accounting
Reference no: EM133326783

Case: Zoovest Capital is a public corporation that invests in start-up and small- to medium- sized exotic animal zoos throughout the United States. Zoovest Capital is not an investment company in accordance with ASC 946.

Zoovest Capital holds a 20 percent interest in common stock of GW Zoo (GW), a small- sized exotic animal zoo in Oklahoma that is a corporation capitalized by common stock outstanding. Zoovest Capital has representation on GW's board of directors, controlling two of the ten board seats, and participates in the policy-making process. The remaining 80 percent interest in GW is held by two large investors. The first investor, Lowe LLC (Lowe) has a 60 percent interest in common stock of GW and controls six of the ten board seats. The other investor, Stark Services Inc. (Stark) has a 20 percent interest in common stock of GW and controls two of the ten board seats.

Zoovest Capital also holds a 10 percent interest in common stock of MB Safari (MB), a medium-sized exotic animal zoo in South Carolina that is a corporation capitalized by common stock outstanding. Zoovest Capital has representation on MB's board of directors, controlling two of the ten board seats, and participates in the policy-making process. Zoovest Capital is the largest shareholder in MB, followed by four other investors with common stock ownerships that range etween 7 percent to 9 percent each, and the remaining common stock ownership is widely dispersed among various other investors. Those four investors control one board seat each, and the remaining four board members are independently appointed by the six board members represented by the largest investors.

In 20X0, Zoovest Capital made a strategic decision to diversify its investment portfolio and expand its investments to include wildlife rescues and sanctuaries. As a result of this decision, Zoovest Capital acquired a 17 percent interest in common stock of BC Rescue (BC), a wildlife rescue facility in Florida that is a corporation capitalized by common stock outstanding. Zoovest Capital has representation on BC's board of directors, controlling two of the twelve board seats, and participates in the policy-making process. The remaining 83 percent interest in BC is held by two large investors. The first investor, Baskin Group Inc.

(Baskin) has a 58 percent interest in common stock of BC and controls seven of the twelve board seats, including the chairman. An executive from Baskin is also the chief executive officer (and the chairman). The other investor, Lewis Living Trust (Lewis) has a 25 percent interest in common stock of BC and controls three of the twelve board seats.

Required:

In consideration of the information presented above, answer the following questions:
1. Does Zoovest Capital have significant influence over GW?
2. Does Zoovest Capital have significant influence over MB?
3. Does Zoovest Capital have significant influence over BC?

Reference no: EM133326783

Questions Cloud

Why are tenderfoot and bolt guilty of attempted robbery : Tenderfoot and Bolt planned to rob an armored truck carrying the payroll for a large corporation. They procured a large van and fitted it with a powerful
Make election against his wife will as the surviving spouse : If your client's major objective is to maximize his share of his wife's estate, which one of the following is the most advisable postmortem action for him
Who are trying to recover from substance use disorders : Who are trying to recover from substance use disorders and/or co-occurring disorders, have encountered due to the COVID-19 pandemic?
Give the full citation for the case, including the name : Give the full citation for the case, including the name of the case, the date it was decided, and the court that decided it.
Does zoovest capital have significant influence over gw : In consideration of the information presented above, Does Zoovest Capital have significant influence over GW
Difference between treatment and recovery : What is the difference(s) between treatment and recovery? Address if anyone is ever "recovered," or is she/he always "in recovery?"
What further investigative steps are needed : What further investigative steps are needed? By code and narrative, what are the appropriate criminal statute(s) in New Jersey to make an arrest?
What items are discussed in the summary of significant : On Target 2021 10K report, What items are discussed in the summary of significant accounting policies?
Describe child may be trying to express with their behaviour : Analyze the problem by describing all that the child may be trying to express with their behaviour. Next describe what it is they may need from you.

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