Business, 20.09.2020 09:01 Mdaulton1182
Assume that, on January 1, 2021, Matsui Co. paid $1,500,000 for its investment in 60,000 shares of Yankee Inc. Further, assume that Yankee has 200,000 total shares of stock issued. The book value and fair value of Yankee's identifiable net assets were both $400,000 at January 1, 2021. The following information pertains to Yankee during 2021: Net income $ 200,000 Dividends declared and paid $ 60,000 Market price of common stock on 12/31/2021 $ 27 /share What amount would Matsui report in its year-end 2021 balance sheet for its investment in Yankee
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 15:20, iselloutt4fun
Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?
Answers: 2
Business, 22.06.2019 16:10, ilovemusicandreading
The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:
Answers: 1
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 19:40, thomasalmo2014
On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?
Answers: 1
You know the right answer?
Assume that, on January 1, 2021, Matsui Co. paid $1,500,000 for its investment in 60,000 shares of Y...
Questions in other subjects:
Health, 20.04.2021 02:00
Mathematics, 20.04.2021 02:00
Mathematics, 20.04.2021 02:10
