ccom/P/ShareForm Page.aspatid 462xFmoyado ww_wabhimu YU EPILIO Duplicate this form and start to use it as your own Duplicate it Calculate the investment ending balance as of 12/31/2013 (2 Points 1:2011 Apple Company pays 70,000 for 10% interest in Hill Company On Hunha book value of 600,000, although equipment, which has a five-year Undervalued by 100,000 on its books On January 1, 2019, Apple acquire an in 30 % of the Hawaii company for 264,000 this second purchase provides Apple the ability to exert significant influence over Hawaii, and Apple wil now apply the equity method. At the time of the transaction, Hawaii equipment with four-year life was undervalued by only $80,000 During these two years Hawaii reported the following operational results Year 2018 net income210,000 and Dividends 110,000 Year 2019 net income 250,000 and dividend 100,000 Cash dividends are always paid on July 1 of each year and goodwill is considered to have an indefinite life in 2020 Hawail Company reports 400,000 in income from continuing operational plus 60.000 extraordinary gains. The company pays a cash dividend of 120,000 During this fiscal year Apple sels inventory costing 80.000 to Hawail for 100.000. Hawaii continues to hold 30 percent of this merchandise by the end of 2020. Apple maintains 40 % ownership of little throughout the period O 8 7 6 7 V 8 9 T T Y U P E hice.com/Pages/ShareForm Page FemSTWw wW.RUNEPTIUSOBO Duplicate this form and start to use it as your own Duplicate it Calculate the unrealized gain in 2020 - (2 points) 2018. Apple Company pays 70,000 for 10% interent in Howall Company. On dit wala a book value of 600,000, although equipment, which has a five-year undervalued by 100,000on is books on January 1, 2019. Apple acquire an otional 30 of the Hawaii company for 264,000 this second purchase provides Apple the abilty to exert significant influence over Hawail, and Apple will now apply the equity method. At the time of the transaction, Hawaii equipment with four-year life wis undervalued by only $80,000. During these two years Hawaii reported the following operational results Year 2018 net income210,000 and Dividends 110,000 Yoar 2019 of income 250.000 and dividend 100,000 Cauh dividends are always paid on July 1 of each year and goodwill is considered to have an indefinite life in 2020 Hawaii Company reports 400.000 in income from continuing operational plus 60,000 extraordinary gains. The company pays a cash dividend of 120.000 During the facal year Apple sels inventory costing 80,000 to Hawaii for 100.000 Hawaii continues to hold 30 percent of the merchandise by the end of 2020. Apple maintains 40 % ownership of little throughout the period O % 8 7 6 1 V 8 A 9 0 U o ccom/P/ShareForm Page.aspatid 462xFmoyado ww_wabhimu YU EPILIO Duplicate this form and start to use it as your own Duplicate it Calculate the investment ending balance as of 12/31/2013 (2 Points 1:2011 Apple Company pays 70,000 for 10% interest in Hill Company On Hunha book value of 600,000, although equipment, which has a five-year Undervalued by 100,000 on its books On January 1, 2019, Apple acquire an in 30 % of the Hawaii company for 264,000 this second purchase provides Apple the ability to exert significant influence over Hawaii, and Apple wil now apply the equity method. At the time of the transaction, Hawaii equipment with four-year life was undervalued by only $80,000 During these two years Hawaii reported the following operational results Year 2018 net income210,000 and Dividends 110,000 Year 2019 net income 250,000 and dividend 100,000 Cash dividends are always paid on July 1 of each year and goodwill is considered to have an indefinite life in 2020 Hawail Company reports 400,000 in income from continuing operational plus 60.000 extraordinary gains. The company pays a cash dividend of 120,000 During this fiscal year Apple sels inventory costing 80.000 to Hawail for 100.000. Hawaii continues to hold 30 percent of this merchandise by the end of 2020. Apple maintains 40 % ownership of little throughout the period O 8 7 6 7 V 8 9 T T Y U P E hice.com/Pages/ShareForm Page FemSTWw wW.RUNEPTIUSOBO Duplicate this form and start to use it as your own Duplicate it Calculate the unrealized gain in 2020 - (2 points) 2018. Apple Company pays 70,000 for 10% interent in Howall Company. On dit wala a book value of 600,000, although equipment, which has a five-year undervalued by 100,000on is books on January 1, 2019. Apple acquire an otional 30 of the Hawaii company for 264,000 this second purchase provides Apple the abilty to exert significant influence over Hawail, and Apple will now apply the equity method. At the time of the transaction, Hawaii equipment with four-year life wis undervalued by only $80,000. During these two years Hawaii reported the following operational results Year 2018 net income210,000 and Dividends 110,000 Yoar 2019 of income 250.000 and dividend 100,000 Cauh dividends are always paid on July 1 of each year and goodwill is considered to have an indefinite life in 2020 Hawaii Company reports 400.000 in income from continuing operational plus 60,000 extraordinary gains. The company pays a cash dividend of 120.000 During the facal year Apple sels inventory costing 80,000 to Hawaii for 100.000 Hawaii continues to hold 30 percent of the merchandise by the end of 2020. Apple maintains 40 % ownership of little throughout the period O % 8 7 6 1 V 8 A 9 0 U o