Norbin company uses the equity method to account for its investment in stice company's common stock. after the acquisition date, the investment account reported on norbin's balance sheet wouldbe increased by norbin's share of stice's earnings and decreased by norbin's share of stice's losses. be increased by norbin's share of stice's earnings but not be affected by norbin's share of stice's losses. not be affected by norbin's share of stice's earnings and losses. not be affected by norbin's share of stice's earnings but be decreased by norbin's share of stice's losses. be decreased by norbin's share of stice's earnings and increased by norbin's share of stice's losses.

Which of the following best explains why a large company can undersell small retailers? a. large companies can offer workers lower wages because they provide more jobs. b. large companies can pay their employees less because they do unskilled jobs. c. large companies can negotiate better prices with wholesalers. d. large companies have fewer expenses associated with overhead.

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

What is the equity method balance in the investment in lindman account at the end of 2018?