User Account

All Pages

What amount should pare report in its december

Assignment Help Financial Accounting
Reference no: EM131105341

Pare, Inc. purchased 10% of Tot Co.'s 100,000 outstanding shares of common stock on January 2, 2010, for $50,000. On December 31, 2010, Pare purchased an additional 20,000 shares of Tot for $150,000. There was no goodwill as a result of either acquisition, and Tot had not issued any additional stock during 2010.

Tot reported earnings of $300,000 for 2010. Pare does not elect the fair value option to report its investment in Tot. What amount should Pare report in its December 31, 2010 balance sheet as investment in Tot?

Reference no: EM131105341

Questions Cloud

Find the normalized aperture reactance required for critical : find the normalized aperture reactance required for critical coupling.
What amount should wood report as dividend income : In addition, Wood received a 5% common stock dividend from Arlo when the quoted market price of Arlo's common stock was $10 per share. What amount should Wood report as dividend income in its 2010 income statement?
What is the resonant frequency : What is the resonant frequency?
What is the after-tax return on bills corporate bonds : What is the after-tax return on Bill's corporate bonds for the current year? What is the after-tax return on his municipal bonds for the current year? Which investment earns more returns: corporate or municipal bonds?
What amount should pare report in its december : Tot reported earnings of $300,000 for 2010. Pare does not elect the fair value option to report its investment in Tot. What amount should Pare report in its December 31, 2010 balance sheet as investment in Tot?
What is the value of the cash coverage ratio : A firm has sales of $4,820, costs of $2,620, interest paid of $177, and depreciation of $489. The tax rate is 30 percent. What is the value of the cash coverage ratio?
Find the distribution of the distance : Suppose that stars are distributed in space according to a 3-dimensional Poisson process with parameter λ (for simplicity, take space to be R3 without worrying about whether the universe is finite or infinite). You are at the origin. Find the distri..
Determine the number of servers : A certain queueing system has a Poisson input, with a mean arrival rate of 4 customers per hour. The service-time distribution is exponential, with a mean of 0.2 hour.
What amount should sage report in its income statement : What amount should Sage report in its income statement from its investment in Adams for the year ended December 31, 2010?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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