User Account

All Pages

Prepare the journal entries for blackstone inc

Assignment Help Accounting Basics
Reference no: EM132170221

Question - Blackstone Inc. acquired 20% of the outstanding common stock of Hansen Inc. on December 21, 2015. The purchase price was $1,250,000 for 50,000 shares. Hansen Inc. declared and paid an $0.80 per share cash dividend on June 30 and on December 31, 2015 Hansen Inc. reported net income of $730,000 for 2016. The fair value of Hansen Inc.'s stock was $27 per share at December 31, 2016.

Prepare the journal entries for Blackstone Inc. for 2015 and 2016, assuming that Blackstone cannot exercise significant influence over Hansen Inc. The securities should be classified as available-for-sale.

Reference no: EM132170221

Questions Cloud

Why espn want to buy ufc and what is the value : Search about the news, know what is going on right now and just write your free opinion on this. Why ESPN want to buy UFC, what's the value.
How your manager will likely monitor your performance : Phil Gerber owns a consulting firm and is an expert sales manager and trainer. As you listen to this podcast, imagine that the speaker is your first sales.
What is miscellaneous income : What is the net Form W-2 wages? What is miscellaneous income? What is Schedule B income (Interest and dividends)
How to help others find success in sales : This brief article provides a synopsis of McKinnis' research and publications on sales management practices. Rod McKinnis is the author of Sales Is Simple.
Prepare the journal entries for blackstone inc : Prepare the journal entries for Blackstone Inc. for 2015 and 2016, assuming that Blackstone cannot exercise significant influence over Hansen Inc
What is your break-even point : The food costs and other variable costs are 20 percent of the selling price. What is your break-even point
What solutions would you recommend to the board : Michelle, Elena, and the Mobile Manufacturing, Inc. (MM) board of directors know how important it is to understand the environment in which it is operating.
Record the journal entry for the period''s payrol : You are Golden Corporation. You operate a business in Georgia and have two salaried employees who are paid monthly. Record journal entry for period's payroll
Develop a coherent analysis or synthesis : The organization, foundation, or individual who has the authority to grant what you propose - Explain the limits of existing solutions

Reviews

Write a Review

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

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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