Business, 08.10.2019 06:00 Fireburntbudder
Frisco corporation uses the equity method of accounting for its investment in a 30%-owned investee that earned $56,000 and paid $18,000 in dividends. as a result, frisco corporation made the following entries: equity investment 16,800 equity income 16,800 cash 5,400 dividend revenue 5,400 what effect will these entries have on frisco corporation's balance sheet? a. investment understated, retained earnings understated b. investment overstated, retained earnings understated c. investment overstated, retained earnings overstated
Answers: 2
Business, 21.06.2019 16:30
Aland development company purchases several acres of land adjacent to a wildlife reserve. it plans to build a new community, complete with shops and schools. green sands, a local environmental group, complains that the company's proposed building methods will disrupt the area's ecological balance. the company wants to respect the local ecology but also wants to build its development. the company decides to schedule a meeting with green sands's representatives to make choices about the property that are agreeable to both sides. which strategy would be most effective in this situation?
Answers: 2
Business, 21.06.2019 19:00
Danielle enjoy working as in certified public accountant (cpa) and assisting small business and individuals with managing their financial and taxes . which general area of accounting is her specialty ?
Answers: 1
Business, 22.06.2019 11:40
During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million
Answers: 1
Business, 23.06.2019 00:40
The recognition of which of the following expenses exemplifies the application of matching expenses with the revenues they produced? multiple choice(a) cost of goods sold. (b) advertising.(c) president's salary.(d) research and development.
Answers: 3
Frisco corporation uses the equity method of accounting for its investment in a 30%-owned investee t...
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