User Account

All Pages

What amount would matsui report in year-end

Assignment Help Accounting Basics
Reference no: EM132838655

Assume that, on January 1, 2021, Matsui Co. paid $480,000 for its investment in 30,000 shares of Yankee Inc. Further, assume that Yankee has 150,000 total shares of stock issued. The book value and fair value of Yankee's identifiable net assets were both $300,000 at January 1, 2021.

The following information pertains to Yankee during 2021:

Net income $150,000

Dividends declared and paid $45,000

Market price of common stock on 12/31/2021  $18/share

Problem 1: What amount would Matsui report in its year-end 2021 balance sheet for its investment in Yankee?

Reference no: EM132838655

Questions Cloud

Discuss difference with sex related to young and late adults : For this week, you will discuss the difference with sex related to young, middle and late adults. How does the chapter explains if there are any differences?
What the december income tax payable for bedford : What the 12/31/24 Income Tax Payable is? No other permanent or temporary differences exist. The litigation item will be paid in 2025.
Systems analysis-design skill building : You have been asked to assist in project planning for a new systems development project. The project has been defined to contain the activities
Is augustine view of history optimistic or pessimistic one : What do you think of Augustine's view that history is not random but follows a pattern? Do you agree with his emphasis on history as a moral struggle between.
What amount would matsui report in year-end : Assume that, on January 1, 2021, What amount would Matsui report in its year-end 2021 balance sheet for its investment in Yankee?
What will the fair value of the bond at the time of sale : Interest payments are scheduled to occur on 6/30 and 12/31 each year. What will the fair value of the bond at the time of sale
Address the issue for the target population : Outline a proposal for health education that can be used in a family-centered health promotion to address the issue for the target population.
Emergence of a korean flagship company-samsung : Samsung Electronics was founded in 1969 as an affiliate of the Samsung group, which has become Korea's largest chaebol. Since the 1980s
What is the net interest receipt that gates will make : The variable rate is reset to 6.6% on June 30, 2020. What is the net interest payment or receipt that Gates will make (receive) on June 30, 2020?

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