On June 17, 2011, Apple Inc. acquired 30% of the voting common stock of Ferguson Corporation as
Question:
On June 17, 2011, Apple Inc. acquired 30% of the voting common stock of Ferguson Corporation as a long-term investment. Data from Ferguson Corporation's financial statements for the year ended December 31, 2012, include the following:
Net Income ..... $300,000
Dividends Paid ..... $250,000
Required:
Prepare any necessary journal entries for Apple at December 31, 2012, under the equity method of accounting for investments.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
tr msoheightsourceauto col msowidthsourceauto br msodataplacementsamecell style45 msonumberformat00220022 00000220022 00000220022 00220022 msostylenam...View the full answer
Answered By
RAHUL BAROI
After getting M.Sc degree in Life Sciences, I've qualified 3 national level test conducted by Indian Govt. agency for fellowship of Ph.D Program. I have qualified test conducted by CSIR-UGC, DBT and selected for DST Fellowship. I am recipient of DST INSPIRE Scholarship for my Under graduate and Post Graduate program in Life Sciences for being in the top 1% of class XII standard board examination. I've also selected for Central Sector Scheme of Scholarship provided by Ministry of Human Resource and Development, Govt of India.
Although I don't have any experience but I like to share knowledge among the people but unfortunately I didn't get any opportunity or platform.
I am not socially active in facebook or in other social media but I keep my self updated with Scientific and all other Govt. related programs.
0 Reviews
10+ Question Solved
Related Book For 
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
Question Posted:
