User Account

All Pages

Find what the balance at december should be

Assignment Help Accounting Basics
Reference no: EM132696898

Pharoah Company owns 4400 of the 10000 outstanding shares of Wildhorse Corporation common stock. During 2021, Wildhorse earns $490000 and pays cash dividends of $154000.

Problem 1: If the beginning balance in the investment account was $940000, the balance at December 31, 2021 should be

Option 1: $1155600.

Option 2: $1087840.

Option 3: $1276000.

Option 4: $940000.

Reference no: EM132696898

Questions Cloud

What amount of bad debt expense should be reported : Austin, Inc., Austin estimates that 6% of accounts receivable are uncollectible. What amount of bad debt expense should be reported?
Which comprehensive income is equal to net income : Which Comprehensive Income is equal to Net Income? During the year, Total Assets decreaseddecreased by $ 50,000, while Total Liabilities by $ 25,000.
Find which of the items would the sec have considered : Find Which of the items would the SEC have considered when determining whether a "registrant" may recognize revenue in 2016?
Compute what is the amount of the check : What is the amount of the check? Oriole Company sells merchandise on account for $7200 to Sandhill Company with credit terms of 1/10, n/30.
Find what the balance at december should be : If the beginning balance in the investment account was $940000, the balance at December 31, 2021 should be? Pharoah Company owns 4400 of the 10000 outstanding
How much did miller pay for interest in wall : Year ended December 31, Year 2, and paid common stock dividends totaling $48,000 during Year 2. How much did Miller pay for its 25% interest in Wall?
What deduction or deductions are available in calculating : What deduction or deductions (if any) are available in calculating Constructco's chargeable income for the years 2017, 2018 and 2019?
Find the value of mag corps common stock per share : Find the value of Mag Corps common stock per share by computing Dividend at the end of year 1 and Dividend at the end of year 2
How would the profit margins and menu type differ : How would the profit margins and menu type differ in a fine dining establishment compared to a bistro or pub? What would be cost factors you would need

Reviews

Write a Review

Accounting Basics Questions & Answers

  What value should the land be recorded in clairemont repair

What value should the land be recorded in Clairemont Repair Service's records? On February 3, Clairemont Repair Service extended an offer of $169,000 for land

  Variables to develop an estimated regression equation

Construct a tine series plot. What type of pattern exists in the data? Develop the linear trend equation for this time series.

  What are each of stephen contributions to the fund

How much must the balance of the fund equal on June 30, 2013, in order for Stephen Bosworth to satisfy his objective

  What controls should be in place to consistent application

Each method has its advantages and disadvantages. What controls should be in place to ensure consistent application

  Equity method account for the investment

Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?

  Compute Trudy quarterly estimated tax payment

Trudy's AGI last year was $200,000. Ignore the annualized income method. Compute Trudy's quarterly estimated tax payment schedule for this year

  Discuss the type of business entity recommended

Justify the percentage of ownership the client's daughter should have in the business based on the type of business entity recommended

  Prepare the journal entry necessary to record income taxes

An accelerated depreciation method is used for tax purposes. Prepare the journal entry necessary to record income taxes at the end of 2020

  Prepare a schedule showing the intangibles section

1) Prepare a schedule showing the intangibles section of Harris's statement of financial position at December 31, 2010. (List multiple entries from the largest to the smallest amount, e.g. 10, 5, 2.)

  Give suitable arguments for considering the deal

Though facebook made a strategic move by purchasing whatsapp messaging service in 2014, still there are analysts and a mass of people who believe.

  Find what is the present value of the five payments

The payments are to begin three years from today. Given an annual rate of 6%, what is the present value of the five payments?

  The return on investment at reed was exactly

The return on investment at Reed was exactly the same in Year 1 and Year 2. Average operating assets in Year 1 were:

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd