Question
BE13.3 (LO 2) Kayser SE owns 25% of Plano Company. For the current year, Plano reports net income of 190,000 and declares and pays a
BE13.3 (LO 2) Kayser SE owns 25% of Plano Company. For the current year, Plano reports net income of 190,000 and declares and pays a 40,000 cash dividend. Record Kayser's equity in Plano's net income and the receipt of dividends from Plano.
BE13.8 (LO 3) Gurnee Limited has the following long-term investments: (1) Ordinary shares of Kornas Co. (10% ownership) held as non-trading securities, cost 108,000, fair value 115,000. (2) Ordinary shares of Kozanecki OAO. (30% ownership), cost 210,000, equity 270,000. Prepare the investments section of the statement of financial position.
BE13.3 (LO 2) Kayser SE owns 25% of Plano Company. For the current year, Plano reports net income of 190,000 and declares and pays a 40,000 cash dividend. Record Kayser's equity in Plano's net income and the receipt of dividends from Plano. BE13.8 (LO 3) Gurnee Limited has the following long-term investments: (1) Ordinary shares of Kornas Co. (10% ownership) held as non-trading securities, cost 108,000, fair value 115,000. (2) Ordinary shares of Kozanecki OAO. (30% ownership), cost 210,000, equity 270,000. Prepare the investments section of the statement of financial position
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Accounting Information Systems
Authors: Ulric J. Gelinas, Richard B. Dull
10th edition
9781305176218, 113393594X, 1305176219, 978-1133935940
