Investment account problem

Reference no: EM13142144

Garrison Co. owns 20,000 of the 50,000 outstanding shares of Steele, Inc. common stock. During 2011, Steele earns $800,000 and pays cash dividends of $640,000. If the beginning balance in the investment account was $500,000, the balance at December 31, 2011 should be ??

Reference no: EM13142144

Questions Cloud

Identify, analyse and critically evaluate : Identify, analyse and critically evaluate relevant internal and external market information from a strategic orientation to focus the development of a marketing strategy

What is the noncontrolling interest share of subsidiary : What is the noncontrolling interest's share of the subsidiary's net income for the year ended December 31, 2011 and what is the ending balance of the noncontrolling interest in the subsidiary at December 31, 2011?

What is the electrical charge of a calcium ion : Calcium's atomic number is 20. It forms ions with 18 electrons. What is the electrical charge of a calcium ion? a.) +2 b.) +1 c.) -2 d.) -1

Calculate the percent dissociation of the acid : A .10M solution of the weak acid HCN has an equilibrium constant of 4.9 X 10^-10. Calculate the percent dissociation of the acid

Investment account problem : Garrison Co. owns 20,000 of the 50,000 outstanding shares of Steele, Inc. common stock. During 2011, Steele earns $800,000 and pays cash dividends of $640,000. If the beginning balance in the investment account was $500,000, the balance at Decembe..

Define chemicals for indoor concrete flooring : Chemicals for Indoor Concrete Flooring, - indoor concrete maintenance chemicals used on indoor concrete flooring

Compute the predicted oparating income : Assume that Procter and Gamble had a 10% increase in sales in 2007 and that there was no change in costs except for increases associated with the higher volume of sales, compute the predicted 2007 oparating income for procter and gamble its percen..

Find the margin of error by population mean cash value : A farm brings 15 tons of watermelon to market. Find a 90% confidence interval for the population mean cash value of this crop. What is the margin of error?

What is an ion : What is an ion? a.) an atom that is sharing electrons with another atom b.) an atom that loses all of its protons c.) an atom that has lost one or more neutrons d.) an atom that has either gained or lost electron(s).

User Account

All Pages