Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2015 2014 $694 54 1.232 S millions Beginning of year Additional investments DIRECTV investments acquired Equity in net income of affiliates Dividends and distributions received
2015 2014 $694 54 1.232 S millions Beginning of year Additional investments DIRECTV investments acquired Equity in net income of affiliates Dividends and distributions received Sale of America Movil shares Other adjustments End of year (30) (148) 3.817) (46) 5694 (2) $2,065 Undistributed earnings from equity affiliates were $162 and $88 at December 31, 2015 and 2014 a. At what amount is the equity investment in affiliates reported on AT&T's balance sheet? $ 0 x million b. Did affiliates pay dividends in 2015? Yes, the receipt of dividends would reduce the balance of the equity method investment account, which is shown in the table. ONo, the receipt of dividends would increase the balance of the equity method investment account rather than reduce it as shown in the tab ONot enough information is provided to determine if the affiliates paid dividends in 2015. c. How much income did AT&T report in 2015 relating to this investment in affiliates? $ 0 x million
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started