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Question - On January 10, 2012 Badger Co. purchased 30% of the outstanding stock of Crest Co. fir $123,000. Crest paid total dividend to all shareholders of $15,000 on July 15. Crest had a net loss of $25,000 for 2012.
A) Journalize Badger's purchase of the stock, receipt of dividend, and adjusting entry for the equity loss in Crest Co. stock.
B) Compute the balance of Investment in Crest Co. Stock for December 31, 2012.
C) How does valuing an investment under the equity method differ from valuing an investment at fair value?
Determine the dollar amount of the gain or loss on the early retirement of bonds on January 1, 2017
my company mines an iron ore called alpha. during the month of december 400000 tons of alpha were mined and processed
Hernandez has not logged since 2001. If Hernandez logged and sold 900,000 board feet of timber in 2012, when the timber cruise (appraiser) estimated 5,000,000 board feet, determine the cost of timber sold related to depletion for 2012.
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Martin Clothing Company is a retail company that sells hiking, Determine budgeted cash payments for July and August
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1. blue lagoon corporation is projecting a cash balance of 31155 in its december 31 2011 balance sheet. blue lagoons
Midwest Enterprises made the following entry on December 31, 2012. Interest Expense 10,000 Interest Payable 10,000 (To record interest expense due on loan from Anaheim National Bank.)
limitations of the management accounting.
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