On January 1, 2019, Arch Ltd. purchased 30% of the common shares of AP Inc. for $1,700,000.
Question:
On January 1, 2019, Arch Ltd. purchased 30% of the common shares of AP Inc. for $1,700,000. In 2019, AP reported net income of $880,000 and paid dividends of $600,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
Assuming Arch Ltd accounts for its investment in AP Inc using the equity method Calculate the initia...View the full answer
Answered By
Brian Otieno
I'm Brian , an experienced professional freelancer with countless hours of success in freelancing many subjects in different disciplines. Specifically, I have handled many subjects and excelled in many disciplines. I have worked on many Computer Science projects and have been able to achieve a lot in that field. Additionally, I have handled other disciplines like History, Humanities, Social Sciences, Political science, Health care and life science, and Religion / Theology. My experience generally in these subjects has made me able to deliver high-quality projects in a very timely fashion. I am very reliable at my job and will get the work done in time, no matter what. In Addition, I have managed to ensure that the work meets my client's expectations and does not cause an error. I am a hard-working and diligent person who is highly responsible for everything I do. Generally, Freelancing has made me more accountable for doing my job. Additionally, I have had a passion for writing for the last seven years in this field.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In 2008, Chevron reported net income of $23.9 billion, $5.4 billion of which was income recognized on investments in affiliate companies accounted for under the equity method. In that same year,...
-
In 2012, Chevron reported net income of $26.3 billion, $6.9 billion of which was income recognized on investments in affiliate companies accounted for under the equity method. In that same year,...
-
In three successive years the price of the common shares of Bedrock Resources Ltd. fell 40%, 60%, and 70%, ending the third year at 50 cents. a. What was the share price at the beginning of the...
-
Using the 526 observations on workers in a certain dataset, we include educ (years of education), exper (years of labor market experience) and tenure (years with the current employer) in regression...
-
What justification of logic can be presented to support the placement of a warehouse in a logistical system?
-
Companies typically base their predetermined overhead rates on the estimated, or budgeted, amount of the allocation base for the upcoming period. This is the method that is used in the chapter, but...
-
Some members of the board of directors of a company deliberating over a possible source of new capital believe that irredeemable debentures carrying a fixed annual coupon rate would suffice. They...
-
You have run a capacity resource profile on your shop. Products have been routed sequentially through resources A, B, C, and D. The capacity resource profile tells you that resource A is scheduled at...
-
Which expressions represent the length of C? Please select two Show your work here 8.25 cos(59) 8.25 cos(31) 8.25. sin(59) 8.25-cos(59) 8.25 sin(31) 8.25 sin(31) 8.25 sin(59) 8.25 cos(31) C 59 8.25
-
What could explain the simultaneous increases in the price of lithium and the production of lithium use supply and demand curves to explain your answer (HintPrice and equilibrium quantity have both...
-
In early 2021, Darwins Pet Shop discovered that some of its inventory of dogs were not what the supplier purported them to be. More than 300 puppies that were supposed to be purebred (and therefore...
-
Refer to the facts presented in problem P7-21. Data in problem P7-21. On January 25, 2020, Douglas Ltd. purchased 1,000 common shares of BMO (Bank of Montreal) for $65 each. During the remainder of...
-
You are operating a Web site to match up sellers and buyers of a product. 35 sellers and 35 buyers have input their reservation prices, as listed in the file P08_23.xlsx. For example, buyer 1 is...
-
How do we get the maximum prices for the low quality, high quality coffee, and both?
-
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president asked you to review the company's costing system and "do what you can to...
-
Why would the quality of raw materials be as important as the cost of those materials?
-
Use the Ratio Test to determine whether the series is convergent or divergent. (-1) -1 90 n = 1 4n3 Identify an Evaluate the following limit. lim an+1 818 an
-
G 21 Determine the acceleration of the system and the tension at each point. Verify 2 of the tensions. 4 ka -MK = 0.2 ON ALL SURFACES 3 kg 6kg 8kg MK = 0.1 ON ALL SURFACES 8kg 4k -HA 0.15 ON ALC...
-
Rework Example 15.20 using a Karnaugh map on six variables. Example 15.20 For the graph shown in Fig. 15.9, let the vertices represent cities and the edges highways. We wish to build hospitals in...
-
Rowland Textile Inc. manufactures two products: sweatshirts and T-shirts. The manufacturing process involves two activities: cutting and sewing. Expected overhead costs and cost drivers are as...
-
At December 31, 2012, Knecland Inc. had $150,000 of accounts receivable and $5,000 in the allowance for doubtful accounts. In 2013, the company had $750,000 in credit sales and collected $776,500 on...
-
The December 31, 2012 financial statements of Bavarian Sausage Works (BSYV) show $50,000 for Note receivable. You learn that die company provided $50,000 cash to a customer (a new chain of hotdog...
-
Identify- whether each of the following items should be classified in cash and cash equivalents or some other category in the balance sheet. Assume that the reporting entity has operations in Canada....
-
Use the australian accounting standard. On 1 July 2022, Surf Ltd leases a semi-trailer truck from Superior Ltd. The truck will be used to move spare parts between Surf's various warehouses. The...
-
In addition to the Transaction/events that have occurred during the year, the CEO would like you to provide some accounting advice on some proposed future expenditure. Specifically, Surf Ltd is...
-
A rise with a sharp fall at the end of an utterance is found in: a. statements b. yes/no questions c. exclamations d. wh-questions e. incomplete thoughts
Study smarter with the SolutionInn App