Reference no: EM13953399
At December 31, 2014, how much is the dividend allocation?On January 2, 2014, Max Corporation acquired 30 percent of the outstanding common stock of Rich Company for $1,000,000. This acquisition gave Max the ability to exercise significant influence over the investee. The book value of the acquired shares was $790,000. Any excess cost over the book value was assigned to a patent that was undervalued on Rich's balance sheet. This patent has a remaining useful life of 7 years. For the year ended December 31, 2014, Rich reported net income of $250,000 and paid cash dividends of $95,000.
At December 31, 2014, how much is the basic equity accrual (increase)?
For 2014, how much is the excess amortization of the patent?
At December 31, 2014, how much is the dividend allocation?
At December 31, 2014, how much should Max report as its investment in Rich?
Compare the reporting results between men and women
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Max corporation acquired
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Max corporation acquired
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