Belden, inc. acquires 30 percent of the outstanding voting shares of sheffield, inc. on january 1, 2017, for $306,000, which gives belden the ability to significantly influence sheffield. sheffield has a net book value of $784,000 at january 1, 2017. sheffield's asset and liability accounts showed carrying amounts considered equal to fair values except for a copyright whose value accounted for belden's excess cost over book value in its 30 percent purchase. the copyright had a remaining life of 16 years at january 1, 2017. no goodwill resulted from belden's share purchase.

sheffield reported net income of $182,000 in 2017 and $244,000 of net income during 2018. dividends of $64,000 and $90,000 are declared and paid in 2017 and 2018, respectively. belden uses the equity method.

on its 2018 comparative income statements, how much income would belden report for 2017 and 2018 in connection with the company's investment in sheffield?

if belden sells its entire investment in sheffield on january 1, 2019, for $412,000 cash, what is the impact on belden's income? assume that belden sells inventory to sheffield during 2017 and 2018 as follows.

what amount of equity income should belden recognize for the year 2018?

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Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be

During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?