![subject](/tpl/images/cats/ekonomika.png)
Business, 10.05.2021 21:50 coolconnor1234p0sv4p
On January 1, Jennie Corporation purchased 30% of the common stock of Katlee Company for $500,000. The following information relates to Katlee at the date of acquisition. Cash $ 50,000 Accounts receivable (net) 250,000 Building (net) 700,000 Land 100,000 Liabilities 100,000 Additional information relating to the purchase appears below. Jennie has the ability to exercise significant influence over Katlee and did not elect the fair value option. Both the carrying amount and the fair value are the same for receivables, land, and liabilities. The fair value of the building is $900,000. Jennie depreciates its assets on a straight-line basis. Both tangible and intangible assets are amortized over 10 years. For the current year, Katlee had net income of $400,000 and declared and paid dividends of $100,000. What amount should Jennie report for its investment in Katlee at the end of the current year
![ansver](/tpl/images/cats/User.png)
Answers: 3
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 01:00, F00Dislife
What are the benefits of different types of career education, like community colleges, vocational training programs, and four-year colleges?
Answers: 3
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 04:00, alonnachambon
Match the different taxes to the levels at which these taxes are levied on consumers and businesses national level/ national and local levels 1.sales tax 2.income tax 3.payroll tax 4.social security tax 4.property tax
Answers: 1
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 06:10, superfly903
Which steps would you take to determine how much an employee should be paid? select all that apply. determine the number of hours the employee was scheduled to work. determine the number of hours the employee worked. determine whether the employee worked overtime hours. determine whether any of the days worked are holidays that receive holiday overtime payment rates. determine the hourly rate this employee earns. determine whether this is a new employee.
Answers: 1
You know the right answer?
On January 1, Jennie Corporation purchased 30% of the common stock of Katlee Company for $500,000. T...
Questions in other subjects:
![Konu](/tpl/images/cats/en.png)
English, 17.09.2019 05:00
![Konu](/tpl/images/cats/mat.png)
Mathematics, 17.09.2019 05:00
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/obshestvoznanie.png)
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/obshestvoznanie.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 17.09.2019 05:00
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/health.png)