Illustrate what is the equity in income of sacco for

Assignment Help Financial Accounting

Reference no: EM13127408

On January 1, 2010, Dawson, Incorporated, paid $100,000 for a 30% interest in Sacco Corporation. This investee had assets with a book value of $550,000 and liabilities of $300,000. A patent held by Sacco having a book value of $10,000 was actually worth $40,000 with a six year remaining life. Any goodwill associated with this acquisition is considered to have an indefinite life. During 2010, Sacco reported income of $50,000 and paid dividends of $20,000 while in 2011 it reported income of $75,000 and dividends of $30,000. Assume Dawson has the ability to significantly influence the operations of Sacco.

What is the equity in income of Sacco for 2011?

Reference no: EM13127408

Questions Cloud

How many air molecules are in a room : How many air molecules are in a 10.0x20.0x10.0 ft room? Assume atmospheric pressure of 1.00atm , a room temperature of 20.0C , and ideal behavior.

Computing pendulum swings : A pendulum is 18 feet long. Its central angle is 44º. The pendulum makes one back and forth swing every 12 seconds. Each minute, the pendulum swings _____ feet.

Confidence interval for mean difference in blood pressure : Systolic blood pressure are mesaured at baseline and again 4 weeks later. Computed 95% confidence interval for the mean difference in blood pressure over 4 weeks.

Calculate e : Calculate E when 900.0 g of CH3OH(g) completely reacts at a constant temperature of 300 K and constant pressure of 0.95 atm. R = 8.314 J/mol*K and R = 0.08206 atm*L/mol*K

Illustrate what is the equity in income of sacco for : Assume Dawson has the ability to significantly influence the operations of Sacco. Illustrate what is the equity in income of Sacco for 2011?

Estimated fixed cost element of power costs : In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $6,000. Using the high-low method, the estimated fixed cost element of power costs is

Draw the lewis structure of the conjugate base : Draw the Lewis structure of the conjugate base for the following acid: H2SO4. Remember to include charges and non-bonding electrons where necessary. Use an expanded octet on sulfur to minimize formal charges.

How much will patti have in the account in three years : How much will Patti have in the account in three years?

Determining riemann sums : Given f(x)=x^3 on [0,1] and the partition P={0,1/8,1/3,2/3,1}, find four different Riemann sums R(f,P). Show that Chi_Q is discontinuous at every point where Chi_Q is the characteristic function for Q - Rational numbers.

User Account

All Pages