How much is Dole Corp share in the profit of Del Monte

Assignment Help Financial Accounting
Reference no: EM132894433

Question - Dole Corp. uses the equity method in accounting for its 30% interest in Del Monte, Inc. The profit reported by Del Monte, Inc. for the period is P5,000,000. Del Monte, Inc has outstanding 5% cumulative preference shares with an aggregate par value of P8,000,00. No dividends were declared by Del Monte, Inc. on the preference shares in the last three years, including the current year. How much is Dole Corp's share in the profit of Del Monte, Inc.?

Reference no: EM132894433

Questions Cloud

How much money will have after four years : How much money will he have after 4 years? Queen Lebron will make quarterly payments of 38,000 pesos for 4 years to purchase a new car.
What does the bible say about decision making : What does the Bible say about decision making?
What amount should gsm report as total accounts payable : GSM's account payable at December 31, 2020, At December 31, 2020, what amount should GSM report as total accounts payable?
What are the steps in the discipline process : What are the 4 steps in the discipline process?
How much is Dole Corp share in the profit of Del Monte : Dole Corp. uses the equity method in accounting for its 30% interest in Del Monte, Inc. How much is Dole Corp share in the profit of Del Monte
Discuss any four pillars and four principles : Question No.1 Select and Discuss any Four Pillars and Four Principles whose purpose is interlinked with each other. (HINT: Which Pillar is aligned with which pr
Would comfortable with the auditee sending the pictures : Would comfortable with the auditee sending the pictures of the inventory items for counting process through automated counting? why or why not?
Real estate finance and investments : Environmental risk is of great concern to real estate investors because of the significant costs that can be associated with mitigating this type of risk.
Relationship between government-multinational enterprises : Explain the relationship between government and multinational enterprises by exploring the issues of risk, as well as strategies for managing such risk with cit

Reviews

Write a Review

Financial Accounting Questions & Answers

  Analysis of the cash conversion cycle

Analysis of working capital and discussion of the implication of a positive or negative WC level. Is Coke's WC policy conservative, moderate.

  Find and prepare the journal entry for the transaction

A company traded Car A (with an original cost of $2,000, accumulated depreciation of $600, Prepare the journal entry for the transaction

  State the way the transaction affects the company basic

Green Company purchased a piece of machinery on credit for $10,000. Briefly state the way this transaction affects the company's basic accounting equation.

  Break-even-analysisacme co manufactures a product that

break-even-analysisacme co. manufactures a product that sells for 12 per unit. total fixed costs are 96000 and variable

  Comprehensive problem mrarvind has good amount of savings

mr.arvind has good amount of savings he wanted to start a business which can give him a good margin of profit. he

  What are the key factors to consider in setting prices

What are the key factors to consider in setting prices? If you were a hairdresser, what price would you charge for a haircut and why?

  How would you use cvp analysis to develop a budget

How would you use CVP analysis to develop a budget? Elaborate using examples. How can the sales department use the CVP tool when analyzing customer profitability?

  How is recorded when the seller pays for the shipping

How is it recorded when the buyer pays for the shipping and why. How is it recorded when the seller pays for the shipping and why.

  Describe the three types of project risks

Describe the three types of project risks and detail the situation in which each type is most relevant when making a capital budgeting decision.

  What is the covariance between the portfolio and the market

Assume you create portfolio P with investment proportions of 0.60 in A and 0.40 in B. What is the covariance between the portfolio and the market index?

  How much principal reduction will occur in first payment

You are planning on buying a house for $250,000. You have an agreement with the credit union to borrow the needed money if you make a 20 percent cash down payment, and make monthly payments for 30 years at an annual interest rate of 5.25 percent comp..

  Determine lump sum payment granddaddy mac would receive.

Assuming a discount rate of 2%, determine the lump sum payment Granddaddy Mac would receive. How do you know this answer is correct?

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!

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