What is the equity method balance of domingos investment

Assignment Help Financial Management
Reference no: EM131959436

In January 2014, Domingo, Inc., acquired 20 percent of the outstanding common stock of Martez, Inc., for $795,000.

This Investment gave Domingo the ability to exercise significant Influence over Martez. Martez's assets on that date were recorded at $4, 405,000 with liabilities of $995,000.

Any excess of cost over book value of the Investment was attributed to a patent having a remaining useful life of 10 years. in 2014, Martez reported net Income of $191,000. in 2015, Martez reported net Income of $245, 500.

Dividends of $119,000 were declared in each of these two years. What Is the equity method balance of Domingo's Investment in Martez, Inc., at December 31, 2015?

Reference no: EM131959436

Questions Cloud

Deciding to renew a lease : What are some of the considerations a tenant must consider when deciding to renew a lease?
What is the value of the net working capital to total assets : Jemison's hardware has accounts payable of $682, inventory of $3, 608, cash of $340, fixed assets of $4, 211, accounts receivable of #418, and long-term debt.
What should be the charge to depletion expense per ton : If Porter maintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material?
Deciding to renew a tenant lease : What are some of the considerations a landlord must consider when deciding to renew a tenant lease?
What is the equity method balance of domingos investment : What Is the equity method balance of Domingo's Investment in Martez, Inc., at December 31, 2015?
What is total amount of taxes withheld from portias earnings : The amount of federal income tax withheld from her earnings was $1,466.47. What is the total amount of taxes withheld from the Portia's earnings?
Calculate the depreciation expense for year ended december : Using the double-declining-balance depreciation method, calculate the depreciation expense for the year ended December 31, 2018.
Choose development needs : 1) Choose 3 development needs that you believe are most important to you. Explain your choice
Prepare all adjusting entries required on december : Prepare journal entries for each of these transactions. Prepare all adjusting entries required on December 31

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd