On may 202009 chiu co paid 1500000 to acquire 25000 common

Reference no: EM13607398

On May 20,2009, Chiu Co. paid $1,500,000 to acquire 25,000 common shares (10%) of BBE Corp. as a long-term investment. On August 5, 2010, Chiu sold one-half of these shares for $937,500. What valuation method should be used to account for this stock investment? Prepare entries to record both the acquisition and the sale of these shares.

Reference no: EM13607398

Questions Cloud

A charged paint is spread in a very thin uniform layer : a charged paint is spread in a very thin uniform layer over the surface of a plastic sphere of diameter 13.0 cm giving

The quick chips company a fast food manufacturer began : the quick chips company a fast food manufacturer began operations in january 2007. it issued 50000 shares of .25 par

Computation and evaluation of activity ratios the following : computation and evaluation of activity ratios. the following data relate to alaska products inc 19x519x4 net credit

A very long uniform line of charge has charge per unit : a very long uniform line of charge has charge per unit length 3.90 microcm and lies along the x-axis. a second long

On may 202009 chiu co paid 1500000 to acquire 25000 common : on may 202009 chiu co. paid 1500000 to acquire 25000 common shares 10 of bbe corp. as a long-term investment. on august

Suppose a manufactuirng company make a certain item the : suppose a manufactuirng company make a certain item. the time to produce each item is normally distributed around a

A hollow conducting sphere with an outer radius of 0245 m : a hollow conducting sphere with an outer radius of 0.245 m and an inner radius of 0.200 m has a uniform surface charge

You have been given a summer job as an intern at utah : you have been given a summer job as an intern at utah aircams a company that manufactures sophisticated spy cameras for

Among the principal topics related to the accounting for : among the principal topics related to the accounting for property plant and equipment of a company are acquisition and

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?

Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

Accounting problems

Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

Write a report on internal controls

Write a report on Internal Controls

Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

Liquidity and profitability

Distinguish between liquidity and profitability.

What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

User Account

All Pages