User Account

All Pages

What is the correcting entry to be made

Assignment Help Accounting Basics
Reference no: EM132576904

Question 1: On january 1, 2009, Steve Co. Acquired 20,000 shares of Bailey Co. For a total cost of 200000. During the year, Bailey reported profit of 1000000 and declared 200000 cash dividends. If steve co. Incorrectly accounted for the investment at cost ( and recognized dividends as revenue) rather than equity method, what is the correcting entry to be made in 2010

Reference no: EM132576904

Questions Cloud

Write your thoughts regarding juror use of electronic tools : Write your thoughts regarding juror use of electronic tools during a case. What is a problem with jurors using these electronic tools during a case?
Annual total inventory management costs : What is the annual total inventory management costs of cheese inventory.
How to prepare adjustment journal entries required : How to Prepare the adjustment journal entries required to eliminate the intra-group transactions in the consolidation worksheet of Fauci Ltd Group at 30 June
Implement one executable hadoop mapreduce job : Describe the problem and your high level solution. Your step-by-step process supported by screenshots. Each screenshot needs to be accompanied
What is the correcting entry to be made : What is the correcting entry to be made in 2010? On january 1, 2009, Steve Co. Acquired 20,000 shares of Bailey Co. For a total cost of 200000.
Assignment - Essay for the Application Process : Pick there topics that you consider to be particularly important for society and explain why you think it would be helpful to study these topics
Financial acumen-keeping abreast of the financial measures : Keeping abreast of the financial measures and metrics employed by a company allows employees to better understand its health and position at any given time.
Create the adjustment journal entries required to eliminate : Create the adjustment journal entries required to eliminate the intra-group transactions in the consolidation worksheet of Fauci Ltd Group at 30 June 2020.
Do you belong to an online community : Do you belong to an online community? If so, describe the benefits you derive from this group and how it affects your consumption.

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