Business, 10.04.2020 22:52 ilovebeans25423
On January 1, 2017, Dumas Industries acquired an 18% interest in Arlington Corporation through the purchase of 12,000 shares of Arlington Corporation common stock for $250,000. During 2017, Arlington Corp. paid $60,000 in dividends and reported a net loss of $90,000. Dumas is able to exert significant influence on Arlington. However, Dumas mistakenly records the above transactions using the cost method rather than the equity method of accounting. Which of the following depicts the correct presentation amounts relative to Dumas's investment in Arlington as of the end of 2017 using the equity method
Investment Net
Account Earnings (loss)
$223,000 ($16,200)
$233,800 ($ 5,400)
$233,800 ($16,200)
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 16:30, ggggggggv24
On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.
Answers: 1
Business, 22.06.2019 18:00, cj31150631
Interpreting the income tax expense footnote the income tax footnote to the financial statements of fedex corporation follows. the components of the provision for income taxes for the years ended may 31 were as follows: ($ millions) 2010 2009 2008 current provision domestic federal $ 36 $ (35) $ 514 state and local 54 18 74 foreign 207 214 242 297 197 830 deferred provisions (benefit) domestic federal 408 327 31 state and local 15 48 (2) foreign (10) 7 32 413 382 61 provision for income taxes $ 710 $ 579 $ 891 (a)what is the amount of income tax expense reported in fedex's 2010, 2009, and 2008 income statements?
Answers: 2
Business, 22.06.2019 23:10, wereallmadhere111
Amazon inc. does not currently pay a dividend. analysts expect amazon to commence paying annual dividends in three years. the first dividend is expected to be $2 per share. dividends are expected to grow from that point at an annual rate of 4% in perpetuity. investors expect a 12% return from the stock. what should the price of the stock be today?
Answers: 1
You know the right answer?
On January 1, 2017, Dumas Industries acquired an 18% interest in Arlington Corporation through the p...
Questions in other subjects:
Mathematics, 03.10.2021 23:00
Social Studies, 03.10.2021 23:00
Mathematics, 03.10.2021 23:00
