subject
Business, 06.10.2019 05:00 Katmcfee7681

Gant company purchased 20 percent of the outstanding shares of temp company for $70,000 on january 1, 20x6. the following results are reported for temp company: 20x6 20x7 20x8 net income $ 40,000 $ 35,000 $ 60,000 dividends paid 15,000 30,000 20,000 fair value of shares held by gant: january 1 70,000 89,000 86,000 december 31 89,000 86,000 97,000 required: determine the amounts reported by gant as income from its investment in temp for each year and the balance in gant’s investment in temp at the end of each year assuming that gant uses the following options in accounting for its investment in temp: carries the investment at fair value. uses the equity method.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 05:50
Which is one solution to levy the complexity of the global matrix strategy with added customer-focused dimensions?
Answers: 3
question
Business, 22.06.2019 11:00
When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement
Answers: 3
question
Business, 22.06.2019 22:50
Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?
Answers: 1
question
Business, 23.06.2019 00:10
During the current year, luis university received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. during the year the university spent $8,000 to support travel to a health care conference in italy. the $8,000 disbursement will cause a net decrease in which class of net assets?
Answers: 1
You know the right answer?
Gant company purchased 20 percent of the outstanding shares of temp company for $70,000 on january 1...
Questions
question
Mathematics, 16.12.2020 03:40
question
English, 16.12.2020 03:40
Questions on the website: 13722360