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Aaron Company's books show current earnings of $430,000 and $46,000 in cash dividends. Zeese Company earns $164,000 in net income and declares $11,500 in dividends. Aaron has held a 70 percent interest in Zeese for several years, an investment with an acquisition-date excess fair over book value attributable solely to goodwill. Aaron uses the initial value method to account for these shares and includes dividend income in its internal earnings reports.
On January 1 of the current year, Zeese acquired in the open market $64,400 of Aaron’s 8 percent bonds. The bonds had originally been issued several years ago at 92, reflecting a 10 percent effective interest rate. On the date of purchase, the book value of the bonds payable was $60,200. Zeese paid $56,000 based on a 12 percent effective interest rate over the remaining life of the bonds.
What is consolidated net income for this year?
Prepare a classified balance sheet at December 31, 2012 - investment in Sasse common stock is considered to be a long-term available-for-sale security.
All checks written by the company had been processed by the ank by May 31 and were listed on the bank statement except for checks totaling $1,890.0. Prepare a bank reconciliation as of May 31, 2011.
The company pays 50 percent of accountings payable in the month of purchase and the remaining 50 percent in the month subsequent purchase.
question 1yellow communications limited is a public company whose shares are traded on the tsx. the company is a
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Golden Door Credit Bank if offering a 9.3% compounded daily on its savings accounts. If you deposit $4,500 today, how much will you have in the account in 5/10/20 years?
Compare the payment of cash dividends, stock dividends, and purchase of treasury stock from existing shareholders. What are the similarities and differences?
Which of above items are relevant in a decision of whether to sell X-47 as is or process it further into Xylene?
Brain owns a 30% profit and loss interest in the MON Partnership. Brain acquired his interest by contributing a nondepriciable capital asset with a fair market value of $ 60,000 and adjusted basis of $24,000. Mariyln acquired her 50% interest by cont..
task 11. wal-mart has had various stock splits. its stock price is hovering around 50 per share. berkshire hathaway led
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