Pay cash dividends, Tracy co. owns 4,000 of the 10,000

Pay cash dividends

Assignment Help Accounting Basics

Reference no: EM13120678

Tracy co. owns 4,000 of the 10,000 outstanding shares of penn corp. common stock. during 2010, penn earns 120,000 and pays cash dividends of 40,000. if the beginning balance in the investment account was 240,000 the balance at december 31, 2010 should be?

Reference no: EM13120678

Questions Cloud

How many ammonium ions are present : When 0.062 moles of ammonium sulfate ((NH4)2SO4) are dissolved in enough water to make 200 milliliters of solution, how many ammonium ions are present.

Perform test using the critical value or p-value approach : Compute the test statistic. Using = 0.05, perform the test using either the critical value approach or the p-value approach. What is your conclusion?

Illustrate what is general direction of airplane velocity : Illustrate what is the general direction of the airplane's velocity? east of south, north of west,north of east, or west of south?

Explain sampling without replacement : Important information about Probability : Sampling without Replacement A bag cotains 10 nickels, 5 dimes, and 3 quarters. If you draw 3 coins at random from the bag, without replacement

Pay cash dividends : Tracy co. owns 4,000 of the 10,000 outstanding shares of penn corp. common stock. during 2010, penn earns 120,000 and pays cash dividends of 40,000. if the beginning balance in the investment account was 240,000 the balance at december 31, 2010 sh..

Compute the p/e ratios for both years : After Tiger released its 2010 financial statements, the company's stock was trading at $17. After the release of its 2009 financial statements, the company's stock price was $12 per share.

Distance and midpoint : Solve for the following items: The point on the x-axis that is equidistant (equal distance)from (10,4) and (6,2).

What are the implications of bps strategy : What are the implications of BP's strategy in terms of public perception and how may this impact upon their performance?

Find out the wavelength of the waves in the shallower water : When these waves move into a shallower part of the lake, their speed decreases to 1.6 m/s, though their frequency remains the same. Find out the wavelength of the waves in the shallower water.

User Account

All Pages