On January 1, 2021, Tolton Corporation purchased 18% of Jackson Corporation's common stock for $58,000. There are no unusual qualitative factors in the investment. Jackson's net income for the year ended December 31, 2021 was $13,000. During 2021, Jackson declared and paid a dividend of $60,000. On December 31, 2021, the fair value of the Jackson stock owned by Tolton had increased to $65,000. How much should Tolton show in the 2021 income statement as income from this investment

What is the difference between a public and a private corporation?

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?