User Account

All Pages

What amount will be reported in the balance sheet

Assignment Help Accounting Basics
Reference no: EM132502822

Question - On January 1, 2018, Nana Company paid $100,000 for 8,500 shares of Papa Company common stock. The ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Company. Papa reported net income of $56,000 for the year ended December 31, 2018. The fair value of the Papa stock on that date was $51 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2018?

a. $433,500.

b. $388,500.

c. $373,500.

d. $358,500.

Reference no: EM132502822

Questions Cloud

Explain the usefulness of the net present value : Explain the usefulness of the net present value concept in decision making vis-àvis the MR = MC rule. For money received in n periods
State the three phases of the audit : State the three phases of the audit where analytical procedures can be performed and describe the specific procedures performed in each phase.
Calculate net advantage or disadvantage to hp of outsourcing : Calculate the net advantage (disadvantage) to HP of outsourcing the component from Samina Corporation. Use a negative sign with your answer.
Speculation about the source of the recent covid : For many years, the medically accepted practice of giving aid to a person experiencing a heart attack was to have the person who placed the emergency call
What amount will be reported in the balance sheet : What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2018
Calculate the net benefit of accepting the special order : Calculate the net benefit (cost) of accepting the special order. Tobitzu TV produces wall mounts for flat panel television sets,forecasted income
ACC 405 Auditing Assignment : ACC 405 Auditing Assignment Help and Solution, Emirates College of Technology - Assessment Writing Service - Discuss the three factors that affect engagement
Calculate the net benefit of purchasing the new machine : Calculate the net benefit (cost) of purchasing the new machine. Health Scan, Inc. paid $50,000 for X-ray equipment four years ago.
What amount would Matsui report in balance sheet : Yankee has 280,000 total shares of stock issued. What amount would Matsui report in its year-end 2018 balance sheet for its investment in Yankee

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