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Heidebrecht Design acquired 30% of the outstanding common stock of Quayle Company on January 1, 2014, by paying $729,000 for the 40,500 shares. Quayle declared and paid $0.50 per share cash dividends on March 15, June 15, September 15, and December 15, 2014. Quayle reported net income of $356,300 for the year. At December 31, 2014, the market price of Quayle common stock was $25 per share.
Prepare the journal entries for Heidebrecht Design for 2014 assuming Heidebrecht Design cannot exercise significant influence over Quayle. (Use the cost method and assume that Quayle common stock should be classified as a trading security.)
the cape cod manufacturing company produces four different tables models r1 r2 r3 and r4. a limitation of 3000
for perez company variable costs are 68 of sales and fixed costs are 215000.managements net income goal is
The variable costs were $350000 and the net profits were $100000. Administration has directed management to double profits in the next year. Assignment: Determine the Number of lollipops that must be sold to reach this target.
residents of green acres a gated community located in the city of foothills voted to form a local improvement district
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Big Co. acquired 1,000 shares of voting stock in Little Co. for $100,000 cash. Little Co. currently has 10,000 shares of voting stock issued and outstanding. Little Co.'s shares are trading at $115 per share. Big Co. subsequently receives a divide..
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describe the term balance sheet. why is this statement important to the company creditors and
Really Welcome, Inc., a tax exempt organization, receives 30% of its support from disqualified persons. Another disqualified person has agreed to match this support if Really Welcome will appoint him to the organization's board of directors. What ..
during the current year the harlow corporation which specializes in commercial construction has the following property
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