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 - Matthew, Inc. owns 30 percent of the outstanding stock of Lindman Company and has the ability to significantly influence the investee's operations and decision making. On January 1, 2018, the balance in the Investment in Lindman account is $353,000. Amortization associated with this acquisition is $15,900 per year. In 2018, Lindman earns an income of $213,000 and declares cash dividends of $71,000. Previously, in 2017, Lindman had sold inventory costing $49,000 to Matthew for $70,000. Matthew consumed all but 20 percent of this merchandise during 2017 and used the rest during 2018. Lindman sold additional inventory costing $56,100 to Matthew for $85,000 in 2018. Matthew did not consume 40 percent of these 2018 purchases from Lindman until 2019.
What amount of equity method income would Matthew recognize in 2018 from its ownership interest in Lindman?
What is the equity method balance in the Investment in Lindman account at the end of 2018?
However, Judy paid him $55,000 rather than $33,000. Judy is on the cash method and calendar year, and she wants to know what amount of these expenditures is deductible as business expenses.
Based on the extract from the annual report for Tivoli 2015, Peter has asked you kindly to calculate the key rations of rentability for Tivoli for the period shown below
Late in the current year, Brad Corporation's factory was destroyed by a tornado. Brad determined that it had a $200,000 unreimbursed loss on the building built ten years ago and a $75,000 gain on ten-year-old machinery (cost $100,000). Prior to th..
Assume 9,000 units were started, and 5,000 units completed. Ending work in process is 60% complete. Calculate the cost per equivalent unit of material
Perform the calculations and determine what amount he may exclude from gross income. What was the adjusted multiple used to calculate the exclusion
Has the company paid cash dividends during the last three years?
What three changes would you make to the current way of doing business for Garibaldi's house accounts? What are Garibaldi's current credit policies?
Does the use of a different costing system for different types of inventory mean that there is a different physical flow of goods among the different types of inventory?Explain.
What four factors did Roll and Ross (1995) identify in their study of U.S. stocks? Are individual stock returns more closely related to national or industry factors? What implication does this have for portfolio diversification?
net sales 400000 net income before income tax 25000 income tax expense 3750 net income after income tax 21250 total
How do make Journal entries on May 31, to show the flow of cost through the proper summary T accounts. Assume that sales values were 500,000 on credit.
Determine the cost per unit of activity for each activity cost pool. Determine the cost of processing loans 5066 and 5429
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