Business, 09.08.2019 01:30 fool2639

Equity method for stock investment on january 4, year 1, ferguson company purchased 480,000 shares of silva company directly from one of the founders for a price of $30 per share. silva has 1,200,000 shares outstanding, including the daniels shares. on july 2, year 1, silva paid $750,000 in total dividends to its shareholders. on december 31, year 1, silva reported a net income of $2,000,000 for the year. ferguson uses the equity method in accounting for its investment in silva. a. provide the ferguson company journal entries for the transactions involving its investment in silva company during year 1. year 1, jan. 4 year 1, july 2 year 1, dec. 31

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 18:00

Carlton industries is considering a new project that they plan to price at $74.00 per unit. the variable costs are estimated at $39.22 per unit and total fixed costs are estimated at $12,085. the initial investment required is $8,000 and the project has an estimated life of 4 years. the firm requires a return of 8 percent. ignore the effect of taxes. what is the degree of operating leverage at the financial break-even level of output?

Answers: 3

Answer

Business, 22.06.2019 19:10

According to the textbook chapter, “the emotional connection of distinguishing differences and conflict”, which of the following groups of terms describes best the skills/resources that managers need when managing differences in their organization? energy, commitment, tolerance, and appreciation energy, adequate funding, tolerance, and appreciation funding, tolerance, a strong hr department, and tolerance energy, a strong hr department, patience, and strong leadership skills

Answers: 3

Answer

Business, 22.06.2019 19:40

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.

Answers: 3

Answer

Business, 23.06.2019 01:30

Which of the following is considered part of a country’s infrastructure?

Answers: 1

Answer

You know the right answer?

Equity method for stock investment on january 4, year 1, ferguson company purchased 480,000 shares o...

Questions