Kent Company purchased 35 percent ownership of Lomm Company on January 1, 20X8, for $140,000. Lomm reported 20X8 net income of $80,000 and paid dividends of $20,000. At December 31, 20X8, Kent determined the fair value of its investment in Lomm to be $174,000. Required: a. Give all journal entries recorded by Kent with respect to its investment in Lomm in 20X8 assuming it uses the equity method. b. Give all journal entries recorded by Kent with respect to its investment in Lomm in 20X8 assuming it carries the securities at fair value method.
Answers: 3
Business, 22.06.2019 10:00, lm942747
What is the difference between an "i" statement and a "you" statement? a. the "i" statement is non-confrontational b. the "you" statement is non-confrontational c. the "i" statement is argumentative d. the "you" statement is neutral in tone select the best answer from the choices provided
Answers: 1
Business, 22.06.2019 11:30, khynia11
Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million
Answers: 3
Kent Company purchased 35 percent ownership of Lomm Company on January 1, 20X8, for $140,000. Lomm r...
Health, 05.07.2019 06:30
Spanish, 05.07.2019 06:30
History, 05.07.2019 06:30
Mathematics, 05.07.2019 06:30