Business, 07.11.2019 21:31 ibarral37102
As a long-term investment, painters' equipment company purchased 20% of amc supplies inc.'s 400,000 shares for $480,000 at the beginning of the fiscal year of both companies. on the purchase date, the fair value and book value of amc’s net assets were equal. during the year, amc earned net income of $250,000 and distributed cash dividends of 25 cents per share. at year-end, the fair value of the shares is $505,000. required:
1. assume no significant influence was acquired. prepare the appropriate journal entries from the
purchase through the end of the year.
2. assume significant influence was acquired. prepare the appropriate journal entries from the purchase
through the end of the year.
Answers: 2
Business, 22.06.2019 17:40, treestump090
Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above
Answers: 3
Business, 22.06.2019 23:00, sergiogautosg15
The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading
Answers: 2
As a long-term investment, painters' equipment company purchased 20% of amc supplies inc.'s 400,000...
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