User Account

All Pages

What amount is the balance of Investment in Pen Inc

Assignment Help Accounting Basics
Reference no: EM132890573

Question - Faye Co. owned 20% of Pen Inc.'s preference share capital and 50% of the ordinary share capital. Pen Inc.'s share capital outstanding comprised the following at year-end:

10% cumulative preference share capital - 2,000,000

Ordinary share capital - 7,000,000

Pen Inc. reported net income of $5,000,000 for the current year.

Assuming that the preference share capital of Pen Inc. are non-cumulative and that Pen Inc. paid 1,000,000 cash dividends for the current year. What amount is the balance of Investment in Pen Inc. at the end of the end of the current year?

Reference no: EM132890573

Questions Cloud

Contrast anorexia nervosa and bulimia nervosa : Compare and contrast anorexia nervosa and bulimia nervosa. Who is more likely to suffer from anorexia nervosa and bulimia nervosa? Why?
How much should be credited to Pete capital account : At December 31, Rod and Sol are partners with capital balances of P40,000 and P20,000, How much should be credited to Pete capital account
Describe a book that are familiar with : Select at least two families/relationships from your chosen story and explain the relationship characteristics and dynamics between individuals.
Define the scope of the ethical issue : Examine the scope of the issue as it relates to nursing and principles identified in codes of ethics. Define the scope of the ethical issue.
What amount is the balance of Investment in Pen Inc : Pen Inc. reported net income of $5,000,000 for the current year. What amount is the balance of Investment in Pen Inc
Think about importance of tracing costs appropriately : Think about the importance of tracing costs appropriately, please consider the differences between variable costing and absorption costing.
What are the typical consequences of low self-esteem : What are some other strategies that parents and teachers can use to promote children's self-esteem? What behaviors should adults avoid, and why?
Prepare an analysis on a per-unit basis : Green Inc. makes unfinished bookcases that it sells for $59. Prepare analysis on a per-unit basis that shows whether Green sell unfinished or finished bookcases
Describe heterosexism : How many interactions have you had with people who identify as LGBTQIA? Would you have known at the time that your patient was LGBTQIA?

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