Small Company reported 20X7 net income of $49,000 and paid dividends of $17,000 during the year. Mock Corporation acquired 40 percent of Small’s shares on January 1, 20X7, for $95,000. At December 31, 20X7, Mock determined the fair value of the shares of Small to be $131,000. Mock reported operating income of $88,000 for 20X7. RequiredCompute Mock's net income for 20X7 assuming it usesa. the cost method in accounting for its investment in Smallb. the equity method in accounting for its investment in Smallc. the fair value method in accounting for its investment in Samll

In business, what would be the input, conversion and output of operating a summer band camp

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Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?