subject
Business, 08.04.2021 16:20 mathiscool51

As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 30% of Nursery Supplies Inc.'s 15 million shares for $64 million. The fair value and book value of the shares were the same at that time. During the year, Nursery Supplies earned net income of $50 million and distributed cash dividends of $2.00 per share. At the end of the year, the fair value of the shares is $60 million. Required:
Prepare the appropriate journal entries from the purchase through the end of the year.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 17:00
While information systems can be used to gain a strategic advantage, they have inherent risks. hershey foods, for example, crippled its halloween sales when its complex is system failed to support its supply and inventory needs during peak production season. this is an example of which specific is risk
Answers: 3
question
Business, 22.06.2019 15:00
Ineed this asap miguel's boss asks him to distribute information to the entire staff about a mandatory meeting. in 1–2 sentences, describe what miguel should do.
Answers: 1
question
Business, 22.06.2019 20:10
While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.
Answers: 2
question
Business, 22.06.2019 20:20
An economic theory that calls for workers to take control of factories is .
Answers: 3
You know the right answer?
As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased...
Questions
question
Spanish, 05.05.2021 19:30
question
Mathematics, 05.05.2021 19:30
question
Mathematics, 05.05.2021 19:30
question
Chemistry, 05.05.2021 19:30
question
Mathematics, 05.05.2021 19:30
question
Mathematics, 05.05.2021 19:30
question
Chemistry, 05.05.2021 19:30
Questions on the website: 13722363