Irene Ltd. has 500,000 common shares outstanding, consisting of 100,000 regular shares with ten votes each and
Question:
Irene Ltd. has 500,000 common shares outstanding, consisting of 100,000 regular shares with ten votes each and 400,000 restricted shares with one vote each. The shares participate equally in dividends on a share-for-share basis. Gordon Inc. owns 165,000 of the 500,000 shares, 65,000 regular plus 100,000 restricted.
a. Does Gordon control Irene?
b. What proportion of Irene’s earnings would be included in Gordon’s equity-basis earnings?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
a There are 1400000 votes available in Irene Ltd 1000000 f...View the full answer
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 978-0132928939
7th edition
Authors: Thomas H. Beechy, V. Umashanker Trivedi, Kenneth E. MacAulay
Question Posted:
Students also viewed these Business questions
-
You are considering purchasing some Stanley Ltd. common shares. Although Stanley recently had to make heavy expenditures for new capital assets, the company has been relatively profitable over the...
-
For each of the following transactions or economic events, prepare the journal entry that would be required. Assume the year end in each case is December 31: a. On April 2, 2017, Barthel Inc. issued...
-
Gogama Ltd. (Gogama) is planning on declaring a dividend for its common shareholders and is considering three alternatives. The divi dend would be declared on December 31: i. Declare a cash dividend...
-
Assume that you are looking at three perpetuities. Perpetuity 1 (P) has annual cash flows of $850 in Years 1 through infinity (1 - oo) and a present value at Year 0 of $10,119.047619. Perpetuity 2...
-
Kim has a strong first serve; whenever it is good (that is, in), she wins the point 75% of the time. Whenever her second serve is good, she wins the point 50% of the time. Sixty percent of her first...
-
Refer to Chebyshev's inequality given in Exercise 44. Calculate P( |X - | > k) for k = 2 and k = 3 when X~ Bin (20, .5), and compare to the corresponding upper bound. Repeat for X~Bin (20, .75). In...
-
Unit Conversion. 1 kilogram (kg) is equal to 2.20462 pounds. Convert 200 pounds to kilograms. Round to three decimal places, if necessary.
-
Private College Transactions. Elizabeth College, a small private college, had the following transactions in fiscal year 2011. 1. Billings for tuition and fees totaled $5,600,000. Tuition waivers and...
-
Concord Corp. sold an investment on an installment basis. The total gain of $90,000 was reported for financial reporting purposes in the period of sale. The company qualifies to use the...
-
It is October 16, 2020, and you have just taken over the accounting work of China Moon Products, whose annual accounting period ends October 31. The company?s previous accountant journalized its...
-
What is a coattail provision ?
-
What is a restricted share ?
-
The reciprocal Fibonacci constant is defined by the infinite sum: where Fn are the Fibonacci numbers 1, 1, 2, 3, 5, 8, 13, ... . Each element in this sequence of numbers is the sum of the previous...
-
Platinum, Co. is generating a balance sheet for year end Dec 31, Y1. Sales are $50300. Cash is $15350. Accounts Recievable is $21550. Inventory is $43500. The Allowance for Doubtful Accounts is...
-
Javier is self-employed. In 2022, he earned income of $5,500 from one firm, reported to him on a Form 1099-NEC, and income of $4,000 from another firm, also reported to him on a Form 1099-NEC. In...
-
Disney has assets worth $250.378 billion. It has debt with a total face value of $38.057 billion. If the risk-free interest rate is 0.375% per annum and the standard deviation of monthly returns on...
-
Relative to a standard calibration of a Taylor rule, how can we describe the tightening Volcker engaged in in the early 1 9 8 0 s ? Why?
-
Jim invests $ 1 5 , 0 0 0 today into an account, If the amount in the account accumulates to $ 1 7 , 3 6 4 . 3 7 at the end of 3 years, what was the interest rate that Jim earned on the account?...
-
Create a new concrete class that implements MyMap using open addressing with linear probing. For simplicity, use f(key) = key % size as the hash function, where size is the hash-table size....
-
The purpose of this case is to come up with a contingency plan[s] in order to sustain the program Move With Me, a program that serves thousands of community members throughout Lower Manhattan. The...
-
Ambrose Corporation owns 75 percent of Kroop Company's common stock, acquired at underlying book value on January 1, 20X4. At the acquisition date, the book values and fair values of Kroop's assets...
-
Ambrose Corporation owns 75 percent of Kroop Company's common stock, acquired at underlying book value on January 1, 20X4. At the acquisition date, the book values and fair values of Kroop's assets...
-
Ambrose Corporation owns 75 percent of Kroop Company's common stock, acquired at underlying book value on January 1, 20X4. At the acquisition date, the book values and fair values of Kroop's assets...
-
The flexible budget variance for fixed overhead is known as the A.) Static budget variance. B.) Fixed overhead efficiency variance. C.) The fixed overhead volume variance. D.) The fixed overhead...
-
Examine the balance sheet for MNO Ltd. as of December 31, 2023, to assess its financial performance and efficiency. MNO Ltd. Balance Sheet As of December 31, 2023 Assets Current Assets Cash $30,000...
-
P dx x tan 5x 2x tan 5x+5x2 sec 5x tan 5x O 2x tan 5x+5x2 sec 5x 10x sec 5x O 2x tan 5x + x2 sec 5x O 2x tan 5x + 5x2 sec 5x tan 5x
Study smarter with the SolutionInn App