User Account

All Pages

How much must be recorded as investment income

Assignment Help Accounting Basics
Reference no: EM132886202

Question - Wilbert Co. owned 20% of Mark Company's preference share capital and 50% of the ordinary share capital. Mark Company's share capital outstanding comprised the following at year-end:

10% cumulative preference share capital - 2,000,000

Ordinary share capital - 7,000,000

Mark Company reported a net income of $5,000,000 for the current year.

a. How much must be recorded as investment income for the current year if the preference share capital of Mark Company are non-cumulative?

b. How much shall be recorded as investment income for the current year if the preference share capital of Mark Company are non-cumulative and that Mark Company paid $1,000,000 cash dividends for the current year?

Reference no: EM132886202

Questions Cloud

Benchmark-the economics of federalism : Describe block grants, categorical grants, and unfunded mandates. How do they demonstrate fiscal federalism?
Estimate the fatigue life of a turbine blade : Estimate the fatigue life of a turbine blade in this case the NREL 5MW wind turbine (WT) blade. The WT will be operating in a location with an average wind
Motivate teams in diverse public environments : Specific course learning outcome associated with this assignment is: Evaluate how to effectively lead and motivate teams in diverse public environments.
Determine the new profit if the change is made : Determine the new profit if the change is made. What is incremental profit? What is the projects expected rate of return for the next year (defined as the in
How much must be recorded as investment income : How much must be recorded as investment income for the current year if the preference share capital of Mark Company are non-cumulative
Describe what an innovation measurement system would focus : Describe what an innovation measurement system would focus on in your organization. Identify how you might use it to support your innovations.
Ted talk analysis : Describe public policy that you would like to see being adapted in Texas. To which political subculture your public policy belongs?
What is the change in the breakeven volume : Currently, the firm's plastic bag business segment has fixed costs of P120,000, What is the change in the breakeven volume with the proposed project
Describes the target markets toward : Describes the target markets toward which the organization will aim its marketing efforts. The difference between this section and the earlier section

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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