On january 4 2013 watts co purchased 40000 shares 40 of the

Assignment Help Accounting Basics

Reference no: EM13586701

On January 4, 2013, Watts Co. purchased 40,000 shares (40%) of the common stock of Adams Corp., paying $800,000. There was no goodwill or other cost allocation associated with the investment. Watts has significant influence over Adams. During 2013, Adams reported income of $200,000 and paid dividends of $80,000. On January 2, 2014, Watts sold 5,000 shares for $125,000. What was the balance in the investment account after the shares had been sold?

Reference no: EM13586701

Questions Cloud

Post the above transactions in the t-accounts given below : the marchetti soup company entered into the following transactions during the month of june a purchased inventory on

Describe one example including the experiments to : describe one example including the experiments to demonstrate that the h1 may be repressor of specific genes. describe

An astronaut is rotated in a horizontal centrifuge at a : an astronaut is rotated in a horizontal centrifuge at a radius of 5.0 m.a what is the astronauts speed if the

August 5th a small ofice building is purchased for 320000 : august 5th. a small ofice building is purchased for 320000 by paying 3200 down and taking out a fifteen-year 4 288000

On january 4 2013 watts co purchased 40000 shares 40 of the : on january 4 2013 watts co. purchased 40000 shares 40 of the common stock of adams corp. paying 800000. there was no

A steam power plant receives heat from a furnace at a rate : a steam power plant receives heat from a furnace at a rate of 280 gjh. heat losses to the surrounding air from the

Design the primers to clone the specific gene into the : design the primers to clone the specific gene into the vector as indicated to make the fusion protein with flag

An astronaut on a strange planet finds that she can jump a : an astronaut on a strange planet finds that she can jump a maximum horizontal distance of 15.0 m if her initial speed

Starfleet corporation has one temporary difference at the : starfleet corporation has one temporary difference at the end of 2012 that will reverse and cause taxable amounts of

User Account

All Pages