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What is on the balance sheet for the investment in bar

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Question - The Zero Corp. acquired 30% of the common stock of Bar Corporation for $460,000 cash on January 1, 2014. At time of acquisition, Bar's total net asset value (book value) was $1,100,000.

Assume the following information for Bar:

Total Annual Earnings

Total Annual Dividends

Year End Market Value

2014

$100,000

$40,000

$1,200,000

2015

$ 90,000

$40,000

$1,000,000

Given Zero's ownership of Bar, what will be the dollar amount effect on Zero's:

  • 2014 net income: ____________________
  • 2014 dividend income: ________________

What is on the balance sheet for the Investment in Bar at year end 2015?

Reference no: EM132048903

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