User Account

All Pages

How much income should be reported by ariel

Assignment Help Financial Accounting
Reference no: EM133093183

Question - On January 12019 Ariel Resources Ltd. invested $150,000 for 15% of the ordinary shares of Arm Holdings plc and classified as FVTPL. Ariel accounts for this long-term investment using the cost method. Arm reported a net income of $160,000 and declared a dividend of $ 150,000 during 2019. At the end of 2019, the recoverable amount of Ariel's investment in Arm was estimated to be $ 145,000. How much income should be reported by Ariel in 2019 related to its investment in Arm?

Reference no: EM133093183

Questions Cloud

What are some good strategic recommendations : What are some good strategic recommendations for H&M?
Describe the procedure for handling vip and special needs : 1. The PBX system - Outline how the PBX works to coordinate communication within the hotel and to facilitate telephone and guest usage.
How much will be adjustment necessary on december : Analysis indicates that 5% of the outstanding accounts receivable will not be collected. How much will be adjustment necessary on December 31
Determine the present value of the minimum lease payments : The lease requires payments of $52,425 at the beginning of each year starting January 1, 2019. Determine the present value of the minimum lease payments
How much income should be reported by ariel : The recoverable amount of Ariel's investment in Arm was estimated to be $ 145,000. How much income should be reported by Ariel
Prepare the journal entry to issue bonds : Drake Services issued $20,000 of 8% bonds that mature in five years. The bonds were issued at par. Prepare the journal entry to issue bonds
Conduct sensitivity analysis regarding the selling price : Conduct sensitivity analysis regarding the selling price if the estimate of selling price in pessimistic scenario is $35 and that in optimistic scenario is $55
Find the pretax cost of debt : The tax rate is 40 percent, and the cost of equity is 10 percent. If the WACC is 8 percent, find the pretax cost of debt
Corporate strategic business decision : How do the legal elements of PESTEL Analysis impact the corporate strategic business decision? Explain with examples in the context of Bangladesh.

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!

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