On 1st january 2010 dawson incorporated paid 100000 for a

Assignment Help Cost Accounting
Reference no: EM13370400

On 1st January, 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 really worth $40,000 with a six year remaining life. Any goodwill related with this acquisition is considered to have an indefinite life. In 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. Suppose Dawson has the ability to significantly influence the operations of Sacco.

Find he equity in income of Sacco for 2010

Reference no: EM13370400

Questions Cloud

1 what would be the appropriate entry for the subsequent : 1. what would be the appropriate entry for the subsequent transaction?bill co. performed 5200 in consulting services on
1 on 1st january xyz a us company purchased inventory from : 1. on 1st january xyz a us company purchased inventory from a japanese supplier for yen100000000 with payment to be
1 kristen rented out her home for 15 days through the year : 1 kristen rented out her home for 15 days through the year for 3200. she used the home for personal purposes for other
Warbler corporation whose federal taxable income totals 10 : warbler corporation whose federal taxable income totals 10 million.warbler apportions 60 percent of its business income
On 1st january 2010 dawson incorporated paid 100000 for a : on 1st january 2010 dawson incorporated paid 100000 for a 30 interest in sacco corporation. this investee had assets
New orleans inc is a multidivisional company the present : new orleans inc. is a multidivisional company. the present roi for new orleans inc. as a whole is 12. new orleans inc.
Consider the recent performance of the closed fund a : consider the recent performance of the closed fund a closed-end fund devoted to finding undervalued thinly traded
Warren co recorded a right-of-use asset of 900000 in a : warren co. recorded a right-of-use asset of 900000 in a 8-year lease under which no profit was recorded at commencement
Hults corporation has given data concerning the companys : hults corporation has given data concerning the companys manufacturing overhead account for the month of november.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd