Business, 22.07.2019 16:10 anashaye

On january 1, 2018, fisher corporation paid $2,440,000 for 34 percent of the outstanding voting stock of steel, inc., and appropriately applies the equity method for its investment. any excess of cost over steel's book value was attributed to goodwill. during 2018, steel reports $676,000 in net income and a $1,065,000 other comprehensive income loss. steel also declares and pays $20,000 in dividends. what amount should fisher report as its investment in steel on its december 31, 2018, balance sheet

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 22:50

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

Answers: 1

Answer

Business, 22.06.2019 17:30

Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in

Answers: 1

Answer

Business, 22.06.2019 19:30

Fly-by products, inc. operates primarily in the united states and has several segments. for the following segment, determine whether it is a cost center, profit center, or investment center: international operations- acts as an independent segment responsible for all facets of the business outside of the united states. select one: a. cost center b. profit center c. investment center

Answers: 2

Answer

Business, 23.06.2019 02:00

Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89)

Answers: 3

Answer

You know the right answer?

On january 1, 2018, fisher corporation paid $2,440,000 for 34 percent of the outstanding voting stoc...

Questions