subject
Business, 22.07.2020 20:01 princessbri02

Montero Co. holds 100,000 common shares (40%) of ORD Corp. as a long-term investment. ORD Corp. paid a $100,000 dividend on November 1, 2017, and reported a net income of $700,000 for 2017. 1. Prepare entry to record the receipt of the dividend and the December 31, 2015, year-end adjustment required for the investment account.
2. Record the receipt of the dividend.
3. Record the adjustment required for the investment account.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 10:30
What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.
Answers: 1
question
Business, 22.06.2019 20:00
Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
Answers: 2
question
Business, 22.06.2019 22:30
Ski powder resort ends its fiscal year on april 30. the business adjusts its accounts monthly, but closes them only at year-end (april 30). the resort's busy season is from december 1 through march 31. adrian pride, the resort's chief financial officer, the museums a close watch on lift ticket revenue and cash. the balances of these accounts at the end of each of the last five months are as follows:
Answers: 3
question
Business, 23.06.2019 01:30
Determine allison's december 31, 2018, investment in mathias balance.
Answers: 2
You know the right answer?
Montero Co. holds 100,000 common shares (40%) of ORD Corp. as a long-term investment. ORD Corp. paid...
Questions
question
Mathematics, 12.12.2020 17:00
question
History, 12.12.2020 17:00
question
Chemistry, 12.12.2020 17:00
question
Mathematics, 12.12.2020 17:00
question
Mathematics, 12.12.2020 17:00
question
Mathematics, 12.12.2020 17:00
question
Mathematics, 12.12.2020 17:00
Questions on the website: 13722363