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Point 1: A company pays $500,000 for 30% of the common shares of MSG, Inc as a long-term equity investment. In the first year, MSG, Inc. reports net income of $80,000 and pays a cash dividend of $30,000. The balance in Equity Investment - MSG Common Shares, at year end under the equity method is:

Question 1: Bonds with a face value of $1,000,000 and a carrying value of $975,000 are retired at 99, after paysemi-annual interest. The gain or loss is:

Reference no: EM132496481

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