Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - On January 1, 2021, Mojito Corporation purchased 25% (20,000 shares) of the outstanding stock of Dulcinea Corporation for $145,000. During 2021, Dulcinea Corporation paid total dividends of $55,000 and earned $85,000 in net income. At the end of 2021, Dulcinea Corporation's stock had a fair market value of $160,000.
Required -
a. Prepare the journal entries that Mojito would make during 2021 assuming that they do NOT have significant influence over Dulcinea as a result of their stock ownership (ie. fair value method).
b. Prepare the journal entries that Mojito would make during 2021 assuming that they do have significant influence over Dulcinea as a result of their stock ownership (i.e. equity method).
On the first day of the fiscal year, a company issues a $4,000,000, 8%, 10-year bond that pays semi-annual interest of $160,000. Journalize the bond issuance
Comment on Glow Bright's purchasing policy. What are the additional (hidden) costs, beyond price, of Mid-States Glass Company's bid? Why weren't these costs
Storm paid no installation charges under the monthly payment plan but a $200 installation charge would have been incurred with a cash purchase. The amount to be capitalized as the cost of the machine on October 31, 2010 would be ?
Explain why you believe that employees are outraged about outlandish executive compensation while their own pay has been reduced.
The initial value method was used to record each of these investments. Determine the Noncontrolling interests in subsidiarie income
Problem - Comparing Health Insurance Policies - Compare the policies' features. Should Lexi buy health insurance? Why or why not
If joint processing costs were $1,500,000, calculate the total cost of each product using the adjusted sales value method
Just-in-Time (JIT) Inventory and Current Ratio Many companies have adopted JIT inventory methods to reduce the size of their inventories.
Zurich company reports pre-tax Financial income of $70,000 for 2014. The following items cost taxable income to be different than pre-tax Financial income.
Industrial Corporation has a net income-to-sales (profit margin) ratio of 0.03, a sales-to-assets - What is Industrial return on equity
What is the annual breakeven point in sales amount and in unit sales and what would be the store's net income if 55,000 toys were sold
If Cullumber's tax rate is 29%, what amount should it report as the cumulative effect of changing the estimated bad debt rate
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd