User Account

All Pages

How much should the Post Company report

Assignment Help Accounting Basics
Reference no: EM132504267

Question - On January 1, 2019, Post Company purchased 40,000 shares of the stock of Malone Co, and did obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $300,000, and represents a 35% ownership stake. Malone made $100,000 of net income in 2019, and paid dividends of $30,000. The price of Malone's stock increased from $7.50 per share at the beginning of the year, to $10 per share at the end of the year.

Requirements -

1. Prepare the January 1 and December 31 general journal entries for Post Company.

2. How much should the Post Company report on the balance sheet for the investment in Malone at the end of 2019?

Reference no: EM132504267

Questions Cloud

Eac for the machine-xeroxing co : Xeroxing Co. needs to purchase a photocopying machine. It wants to calculate the EAC of the following machine. The machine has an initial cost of $20,000
Prioritize all of the strategic recommendations : Prepare an estimate of the resources (operational, human, and length of time) that are needed to implement each of these recommendations
White waters is estimating its wacc : White Waters is estimating its WACC. The company has collected the following information. What is the company's WACC?
What are the factors that lead to government expansion : What are the factors that lead to government expansion? What do you think are the effective ways of rightsizing or shrinking government?
How much should the Post Company report : How much should the Post Company report on the balance sheet for the investment in Malone at the end of 2019
Foreign exchange risk associated : It is sometimes asserted that investors who hedge their foreign currency bond or stock returns remove the foreign exchange risk associated
What did furo transform out of : What did Furo transform out of (what was he?)? What did he transform into (what did he become?)? Did he transform into a white man?
What is the value of the forward exchange rate : If the current spot rate is $1.08/€, what is the value of the forward exchange rate that prevents covered interest arbitrage?
How do think can apply the chapter concepts into home : How do think can apply this chapter's concepts into home, school, personal-life or work environment? Summarize the content of the chapter addressed.

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