User Account

All Pages

What was Demo Net Income

Assignment Help Accounting Basics
Reference no: EM132598144

Question - On 1/1/21, Vitale Co. invested $1,000,000 in Demo Co. for 25% of its outstanding stock. The equity method of accounting is appropriate. Demo Co. pays out 40% of net income in dividends each year.

Vitale received $50,000 in Demo dividends during 2021. What was Demo's 2021 Net Income?

a. $500,000

b. $125,000

c. $87,500

d. $156,250

e. $111,111

Reference no: EM132598144

Questions Cloud

Discuss your feelings on their unethical behavior : Discuss your feelings on their unethical behavior. Could you see the justification for it? Was it something you could do? Or was it unforgivable?
What will be the total net Realized Gain or Loss : During 2020, Frisco sold Security A for $70,000 and Security Y for $80,000. What will be the total net Realized Gain or Loss included in 2020 Net Income
What ratio of a financial statements can be used : What Ratio of a financial statements can be used. Explain which financial ratios would be applicable to a company and which would not.
Develop supporting human resource plan : For this scholarly activity, develop a supporting human resource (HR) plan for an organizational strategy.
What was Demo Net Income : On 1/1/21, Vitale Co. invested $1,000,000 in Demo Co. for 25% of its outstanding stock. What was Demo's 2021 Net Income
Evaluate performance of organization or department : Evaluate the performance of your organization or department. Evaluate the stakeholders involved and discuss how they will be affected by your change initiative.
Estimate variable and fixed components of the cost : Mixed cost that depends on client visits, using high low methods to estimate variable and fixed components of this cost, estimate will be closest to?
How integrating your theory would benefit created case study : Apply the theory you created above to a case example you developed. Explain how integrating your theory would benefit the created case study.
How much area should the overwintering butterflies : Threatened monarch butterflies are monitored by measuring the area occupied by overwintering butterflies in Mexico.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What effect would the purchase of the new machine

Hess Co. manufactures a product that sells for $12 per unit. What effect would the purchase of the new machine have on Hess's break-even point in units

  Record the foregoing transactions and adjustments

Question - Journal Entries for Accounts and Notes Receivable. Record the foregoing transactions and adjustments in general journal form

  What is difference between perpetual and periodic inventory

What is the difference between perpetual and periodic inventory? Give some examples. Gross Profit-Merchandise is sold for $615,000 cash and 4,110,000 on account.

  Prepare the journal entries to record the current tax

Required - For each company, prepare the journal entries to record the current and deferred tax for 30 June 2017

  Describe features would choose to measure interest risk

Describe features you would choose to measure interest risks and identify which transactions are influenced by interest rates or income.

  Compute the total price and quantity variances for materials

The standard cost of product 777 includes 2.5 units of direct materials at $5.6 per unit. Compute the total, price, and quantity variances for materials

  Reviewing the budget every month to determine

As an office manager, you are reviewing the budget every month to determine what your costs are. When reviewing the budget, you see that your payroll is over-budget the last two months.

  Gorham manufacturings sales slumped badly in 2010 for the

gorham manufacturings sales slumped badly in 2010. for the first time in its history it operated at a loss. the

  What the earnings per share

Barnyard's has no preferred stock outstanding and 220,000 shares of common stock outstanding. What are it's the 2008 earnings per share

  Lane construction ltd is considering the acquisition of a

sensitivity analysis using excellane construction ltd. is considering the acquisition of a new eighteen wheeler.-the

  Compute the paid interest and principal

On July 1, 20D, Bill Company signed a two-year $12,000 note payable with 12 percent interest. At due date, July 1, 20F, the principal and interest will be paid.

  You have accumulated 4150 and are looking for the best rate

you have accumulated 4150 and are looking for the best rate of return that can be earned over the next year. a bank

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