On january 1, 2018, jordan inc. acquired 30% of nico corp. jordan used the equity method to account for the investment. on january 1, 2019, jordan sold two-thirds of its investment in nico. it no longer had the ability to exercise significant influence over the operations of nico. how should jordan account for this change?

Evelyn would like to open a small business that is categorized as a being in the distribution industry. to do this she could open a establishment.

Clonex labs, inc., uses the weighted-average method in its process costing system. the following data are available for one department for october: percent completed units materials conversion work in process, october 1 53,000 90 % 65 % work in process, october 31 29,000 74 % 52 % the department started 381,000 units into production during the month and transferred 405,000 completed units to the next department. required: compute the equivalent units of production for october.

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?