Business, 30.03.2020 18:54 cuki96

On January 1, 2018, Green Corporation purchased 38% of the outstanding voting common stock of Gold Company for $ 300,950. The book value of the acquired shares was $ 275,900. The excess of cost over book value is attributable to an intangible asset on Gold's books that was undervalued and had a remaining useful life of five years. For the year ended December 31, 2018, Gold reported net income of $ 125,600 and paid cash dividends of $ 26,000. What is the carrying value of Green's investment in Gold at December 31, 2018?

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Answer from: alupton4887

The carrying value of Green’s investments as at 31st December 2018 is $356,654.2

Explanation:

In this question, we are asked to calculate the carrying value of Green’s investments in gold as at December 31st, 2018.

We proceed as follows; Firstly, we identify the following parameters;

The investment in gold company as of January 1 2018 = $300,950

The Depreciation in assets of gold company = $(300,950-275,900)/5 * 38% = $1903.8

Share in cash dividend = 38% * 26,000 = $9,880

Share in net income = 38% * 125,600 = $47,728

Carrying value of green’s investment as at December 31st 2018 = investment + share in cash dividend + share in net income - depreciation = 300,950 + 9,880 + 47,728 - 1903.8 = $356,654.2

Answer from: Quest

you have to put the parentheses like this:

$(85-4) \div 9 \times 10$

in fact, you have to perform the operation inside parentheses first, and then proceed in order:

$81 \div 9 \times 10 = 9 \times 10 = 90$

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

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- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

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On January 1, 2018, Green Corporation purchased 38% of the outstanding voting common stock of Gold C...

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