Business, 31.05.2020 03:00 juliagearhart9p229te
Pharoah, Inc. acquired 40% of Wildhorse Corporation's voting stock on January 1, 2021 for $1040000. During 2021, Wildhorse earned $412000 and paid dividends of $258000. Pharoah's 40% interest in Wildhorse gives Pharoah the ability to exercise significant influence over Wildhorse's operating and financial policies. During 2022, Wildhorse earned $512000 and paid cash dividends of $158000 on April 1 and $158000 on October 1. On July 1, 2022, Pharoah sold half of its stock in Wildhorse for $672000 cash. Before income taxes, what amount should Pharoah include in its 2021 income statement as a result of the investment
Answers: 1
Business, 21.06.2019 17:10
Acompany's income statement showed the following: net income, $145,000 and depreciation expense, $36,300. an examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,500; merchandise inventory increased $22,200; and accounts payable increased $5,500. calculate the net cash provided or used by operating activities. $209,500 $139,000 $176,100 $186,500 $142,100
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Business, 21.06.2019 23:30
San ruiz interiors provides design services to residential and commercial clients. the residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. management is studying whether to drop the residential operation. if closed, the fixed operating costs will fall by $370,000 and san ruiz’ income will
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Business, 22.06.2019 05:50
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Business, 22.06.2019 09:40
Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)
Answers: 1
Pharoah, Inc. acquired 40% of Wildhorse Corporation's voting stock on January 1, 2021 for $1040000....
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