What amount does concord report on the balance sheet

Assignment Help Financial Accounting
Reference no: EM132754890

Analyzing and Interpreting Equity Method Investments

Concord Company purchases an investment in Bloomingdale Company at a purchase price of $2 million cash, representing 30% of the book value of Bloomingdale. During the year, Bloomingdale reports net income of $300,000 and pays cash dividends of $90,000. At the end of the year, the market value of Concord's investment is $2.4 million.

Problem 1: What amount does Concord report on its balance sheet for its investment in Bloomingdale?

Reference no: EM132754890

Questions Cloud

What is the amount of the discounts : Rainbow Inc.'s sales equal $200,000 each month. Rainbow generally permits credit purchases with terms of 3/10 net 30. Ten (10) percent of total sales are.
What is arquitectonica cost of capital : The firm intends to implement projects whose total NPV is €20. If the firm's tax rate is 38%, what is Arquitectónica's cost of capital?
Tendency to agree with statements presented in scales : Acquiescence response bias is "a tendency to agree with statements presented in scales, regardless of content" (Brace and Byford, p. 39).
How business class and economy class seats would be sold : Zero Turbulence Airline provides air transportation services between Los Angeles, California; and Kona, Hawaii. A single Los Angeles to Kona round-trip flight.
What amount does concord report on the balance sheet : Analyzing and Interpreting Equity Method Investments, What amount does Concord report on its balance sheet for its investment in Bloomingdale?
Why is it important to collaborate with families : Why is it important to collaborate with families and other team members in nonjudgmental ways to make informed decisions about interventions and life planning?
What the present value of the price of the bond is : The present value factor for 5% at 12 periods is 0.5568. The present value of the price of the bond rounded to the nearest whole dollar is
Concrete operational thinking : Find an academic website related to concrete operational thinking, the Piagetian stages common to children in middle childhood.
How do identify the arbitrage opportunity open to a trader : A European call option on a stock with a strike price of $75 and expiring in six months is trading, Identify the arbitrage opportunity open to a trader.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find how to ensure set of financial statements is reliable

Discuss, with reference to the Framework, whether or not the managing director's suggestion is an appropriate treatment of this expenditure.

  Shown below are 3 independent situations answer the

shown below are 3 independent situations. answer the question at the end of each situation.1. during 2010 maverick

  Describe why the might not be a strategy

Customers until the end of the month Riley could borrow money from a bank at a rate of 10% through computations why this might not be a strategy?

  Net realizable value of accounts receivable immediately

On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts was $1,400. On January 15, 2013 a $400 uncollectible account was written-off. The net realizable value of accounts receivable immed..

  Explain how dividends or dividend requirements

Explain how dividends or dividend requirements on any class of preferred stock that may be outstanding affect the computation of basic EPS.

  Q the following are the main criteria for this assignmentto

q the following are the main criteria for this assignmentto have a better appreciation of the differences between u.s.

  Determine the future value of the first financial product

Determine the monthly amount. what decision would be best if you lived up to a 100. At what age would you decide that the second decision is best?

  Calculation of a cost charged to a projectthe logistics

calculation of a cost charged to a project.the logistics department serves two operating divisions-an atlantic division

  Annandale inc sells and produce wireless reading devices a

annandale inc sells and produce wireless reading devices. a competitor danube electronic products sells similar

  What is the net income or net loss for the fiscal year

The Good Word Store reported the following figures, note the company’s fiscal year ends on January 31 each year: What is the net income or net loss for the fiscal year ending January 31, 2015?

  Are they considered gst-free or not reportable

In Australia do you include motor vehicle registrations and stamp duty when completing a Full Business Activity statement?

  What is contribution margin per unit-variable expense ratio

Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): What is the contribution margin per unit? What is the contribution margin ..

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!

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