How much should hanz carry investment in eve

Assignment Help Accounting Basics
Reference no: EM132826130

Problem 1: On January 2, 2020, Hanz Corporation bought 30% of the outstanding ordinary shares of Eve Corporation for Pl,560,000 cash. Hanz accounts for this investment by the equity method. At the date of acquisition of the stock, Eve's net assets had a book and fair value of P5,200,000. Eve's net income for the year ended December 31, 2020 was P1,400,000. During 2020, Eve declared and paid cash dividends of P200,000. On December 31, 2020, how much should Hanz carry its investment in Eve?

Reference no: EM132826130

Questions Cloud

What is the unrealized gain or loss : Assuming Rhoads has no significant influence over the investee? companies, what is the unrealized gain or loss for these securities and how is it? reported
What is the rate of return on the investment : What is the rate of return on the investment if the price of Omega stock changes from $42 to $37?
Select a specific disability and discuss transition services : Transition Research Paper - select a specific disability and discuss transition services and accommodations for students with this specific disability
How the nurse mentor can promote professional socialization : The phrase "nurses eat their young" has been around for decades. The consequences of bullying include nurses reporting poorer mental health.
How much should hanz carry investment in eve : During 2020, Eve declared and paid cash dividends of P200,000. On December 31, 2020, how much should Hanz carry its investment in Eve?
What is the balance in Old World investment : Interest is payable annually. The effective yield on the investment is 8%. What is the balance in Old World's investment in held-to-maturity debt
How your values and self-concept affect the relationships : Discuss how your values, beliefs, culture and self-concept affect the nurse practitioner/client relationships. Identify strategies in epidemiology that offer.
Compute the ending balance in the work in process : Compute the ending balance in the Work in Process inventory account. Assume that this balance consists entirely of goods started during the year
Describe the current state of the dnp : In approximately 500 words, reflect on the Doctor of Nursing Practice (DNP) degree. Using at least 5 evidenced-based articles found through an academic library.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the ways of financing their expansion

Assume Susie Levitt and Katie Shea of City Slips plan on expanding their business to accommodate more product lines.

  What is the expected rate of return for asset

An asset has four possible rates of return, all equally likely: 18.2%, 18.4%, 15.2%, and 2.5%. What is the expected rate of return for this asset

  Compute the amount of the deferred tax liability

Compute the amount of the Deferred Tax Liability as of 12f31f18 under the following three independent assumptions

  What transfer price would minimize income taxes

What transfer price would minimize income taxes for Libra Corporation as a whole? Would Beacon and Falcon want to be evaluated on operating income.

  At what volume of sales dollars will Sheridan break-even

Sheridan's sells two products, a pepper relish with a selling price of $4.55. At what volume of sales dollars will Sheridan break-even

  Which type of cloud computing would be the most secure

Which type of cloud computing would be the most secure? In cloud computing virtualization is used primarily for? Storage virtualization

  Discuss the traveling production of the phantom

A traveling production of The Phantom of the Opera performs each year. The average show sells 800 tickets at $50 a ticket. There are 100 shows each year.

  Calculate profit margin and asset turnover

Calculate Profit Margin, Asset Turnover and ROI Ratios for the following; In addition, according to this problem, how do you explain these ratios

  Determine the gross pay for the week

An employee earns $60 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Determine the gross pay for the week

  Make all journal entries on july and june

Make all journal entries on 1 July 2020 and 30 June 2021 for the lessee (Cessnock Ltd). Narrations are not required. Round your answer to zero decimal places

  Prepare the entry on keene companys books to record the sale

On May 10, Keene Company sold merchandise for $4,000 and accepted the customer's. Prepare the entry on Keene Company's books to record the sale of merchandise.

  A medium-sized manufacturing company

A medium-sized manufacturing company is considering the purchase of a small computer in order to reduce the cost of its data processing operations. At the present time, the manual bookkeeping system in use involves the following direct cash expens..

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