User Account

All Pages

What is the balance in Sinister Investment account

Assignment Help Accounting Basics
Reference no: EM132866392

Problem - On January 1, 2020 Sinister Corporation purchased 200,000 shares of Gates, Inc. which represents 20% of the outstanding stock of Gates, Inc. for $12 per share. Sinister also obtained 2 seats on the 7 member board of directors. both Sinister and Gates use a calendar year end. During 2020, Gates made a net profit of $1,000,000, paid dividends of $400,000, recorded its first adjustment to OCI of a debit of $100,000. On December 31, 2020, Gates repurchased 10% of its outstanding shares from each of its existing shareholders, including Sinister. The Fair Market Value per share of Gates at the end of 2020 was $22. What is the balance in Sinister's Investment account as of December 31, 2020?

Reference no: EM132866392

Questions Cloud

Organization overall operation-productivity-profitability : Discuss how project management can make an impact or difference in an organization's overall operation and productivity or profitability.
Elements of process-driven quality requirement : What are the distinguishing elements of a process-driven quality requirement? What is unique about a process-driven quality requirement?
Complex and culturally diverse society : We live in a very complex and culturally diverse society. Describe a conflict within an organization or team with which you are familiar.
Describe resource leveling : Describe resource leveling, its objectives and basic techniques to perform it. What are any four heuristics for prioritizing resource allocation to activities.
What is the balance in Sinister Investment account : The Fair Market Value per share of Gates at the end of 2020 was $22. What is the balance in Sinister's Investment account as of December 31, 2020
How many units were started into production : During the period, 15800 units were completed, and there were 1100 units of ending work in process. How many units were started into production
Four different ways project can be terminated : Identify and describe the four different ways a project can be terminated. How does the project manager decide when to terminate a project?
Measure efficiency of the process : How would you measure the efficiency of the process? What part of the process was the slowest?
Business organizational behavior management : What style of leadership is the most effective in leading an organization? Is it important to be well-liked, or are results all that matter?

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