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On January 1, 2018, Monroe, Inc., purchased 12,150 shares of Brown Company for $250,300, giving Monroe 9 percent ownership of Brown. On January 1, 2019, Monroe purchased an additional 29,700 shares for $590,000. This latest purchase gave Monroe the ability to apply significant influence over Brown. The original 9 percent investment was categorized as an available for-sale security. Any excess of cost over book value acquired for either investment was attributed solely to goodwill. Brown reports net income and dividends as follows. These amounts are assumed to have occurred evenly throughout these years. Net Income Cash Dividends (Net Loss) (paid quarterly) 2018 $276,000 $168,000 2019 264,000 300,000 2020 (132,000) 100,000 Problem 1: On April 1, 2020, Monroe sells 5% ownership of Brown for $18 per share. Despite this sale, the company retains the ability to significantly influence Brown. Using the equity method what amounts appear on Monroe's 2020 income statement?
Of the following process costing steps, which must be done last? A. Compute the equivalent units of production. B. Compute the costs per equivalent unit of production C. Measure the physical flow of resources. D. Identify the product costs to account..
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he pure rate of interest in the market is 3.0 percent and the inflation premium is 3 percent. US Treasury bills are risk free. What the yield of Treasury bills
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