Business, 17.07.2021 03:00 emmagbales
A. Sunland Cosmetics acquired 12% of the 287,500 shares of common stock of Elite Fashion at a total cost of $14 per share on March 18, 2019. On June 30, Elite declared and paid a $80,200 dividend. On December 31, Elite reported net income of $228,100 for the year. At December 31, the market price of Elite Fashion was $16 per share.
b. Culver Inc. obtained significant influence over Kasey Corporation by buying 25% of Kasey's 29,100 outstanding shares of common stock at a total cost of $11 per share on January 1, 2020. On June 15, Kasey declared and paid a cash dividend of $38.500. On December 31, Kasey reported a net income of $122.900 for the year.
Required:
Prepare all the necessary journal entries for 2020 for Culver Inc.
Answers: 1
Business, 21.06.2019 23:30
Select the correct answer. the word intestate means that a person has died with or without a will?
Answers: 1
Business, 22.06.2019 01:30
Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholdersââŹâ˘ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholdersââŹâ˘ equity $ 9003.6 etextbook and media determine nikeââŹâ˘s accounting equation by calculating the value of total assets, total liabilities, and total stockholdersââŹâ˘ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholdersââŹâ˘ equity
Answers: 3
Business, 22.06.2019 08:40
Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.
Answers: 3
Business, 22.06.2019 13:30
Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, peteâs three children, naomi, daniel, nick; fredâs three children, heather, chris and steve; and lucyâs two children, david and rachel. joseâs will states the following âi leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.â which of the following statements is correct? (a) under joseâs will rachel will receive $150,000. (b) under joseâs will chris will receive $150,000. (c) under joseâs will nick will receive $100,000. (d) under joseâs will pete will receive $200,000.
Answers: 1
A. Sunland Cosmetics acquired 12% of the 287,500 shares of common stock of Elite Fashion at a total...
Mathematics, 19.05.2021 23:50
English, 19.05.2021 23:50
English, 19.05.2021 23:50
History, 19.05.2021 23:50
Biology, 19.05.2021 23:50
Mathematics, 19.05.2021 23:50
Mathematics, 19.05.2021 23:50
Mathematics, 19.05.2021 23:50
English, 19.05.2021 23:50