Reference no: EM132446808
Question - Prepare the Journal Entries.
Part A - On January 2, 2017, Kesha Company purchased 10,000 shares of the stock of Petty Corp., and did not obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $5 per share, and represents a 10% ownership stake. Petty Corp made $20,000 of net income in 2017, and paid dividends of $5,000 on December 15, 2017. On December 31, 2017, Petty Corp's stock was trading on the open market for $8 per share at the end of the year. Use this information to prepare the General Journal entry(ies) for January 2 purchase and the December 15 & 31, 2017 record of income & gain/loss. If no entry is required then write "No Entry Required."
Part B - On January 1, 2017, Kesha Company purchased a significant influence shares investment in the Winehouse Company for $250,000. This investment balance represents 40% of the equity of the Winehouse Company. During 2017, Winehouse Company reported Net Income of $25,000 on November 15, 2017 Winehouse Company paid cash dividends of $10,000 to its shareholders. Use this information to prepare the January 1, November 15 and December 31, 2017 General Journal entry (without explanation.) If no entry is required, then write "No Entry Required.
Prepare the Statement of Cash Flows for Mitchell Company
: Dividends paid were $30,000. Use this information to prepare the Statement of Cash Flows for Mitchell Company using the indirect method
|
Enterprise architecture framework research paper
: This assignment gives you the opportunity to apply your research skills, analysis, and critical thinking skills to describe one of the enterprise architecture
|
What are the major reasons for plea bargaining
: Plea bargaining is a common practice in every criminal court in the United States. One of the strangest concepts is that the prosecutor enters into an agreement
|
Why does the topic interest you
: Why does this topic interest you? Why might it be more interesting and feasible (can you gather data, for instance?) than the other two topics?
|
Question - Prepare the Journal Entries
: Question - Prepare the Journal Entries. On December 31, 2017, Petty Corp's stock was trading on the open market for $8 per share
|
Identify some of the main issues involved in the challenge
: Identify some of the main issues involved in the challenge of defining white collar crime. What arguments can be made for and against favoring the term.
|
Explain the cocept of sales management and practices
: Ensuring that salespeople know the ethical and legal framework for their markets, including cultural and global market variations, is a salesforce response
|
Climates for innovation
: In this chapter, we discussed several companies and how they have created climates for innovation.
|
How would you define white collar crime
: How would you define white collar crime? What are the advantages and disadvantages of the various terms, such as "white collar crime," "crimes of the powerful,"
|