chomagemPageid-62NEFermob withinj2mBVUN VETIMOTE Duplicate it Duplicate this form and start to use it as your own Ciculate the investee income for 2018 Apple Company pays 70,000 for 10% interest in Hawaii Company. On Hand his book value of 600.000, although equipment, which has a five-your donated by 100,000 on its books on January 1, 2019, Apple acquire an 30 % of the Hawaii company for 264,000 this second purchase provides Apple the ability to exert significant influence over Hawaii, and Apple will now py the equity method. At the time of the transaction, Hawaii equipment with four-year de was undervalued by only $80,000. During these two years Hawaii reported the following operational results Your 2018 of income210,000 and Dividends 110,000 Year 2019 nof income 250,000 and dividend 100,000 Cath dividends are always paid on July 1 of each year and goodwill is considered to have an indefinite Wife. 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 sells inventory costing 100.000 Hawaii continues to hold 30 percent of this merchandise by the end of 80.000 to Hawail for 2020. Apple maintains 40 % ownership of little throughout the period 5 6 7 8 7 V8 A 9 4 0 + !! T . U P. I 3 Pse ShareForms.Page.pid=362FmodWw_261mNKOVUNEPTIUNE Duplicate it Duplicate this form and start to use it as your own 6 Calculate the investee income for 2019 2 points y 2011 Apple Company pays 70,000 for 10% interest in Hawaii Company. On Hawa has a book value of 600,000, although equipment, which has a five-year understood by 100,000 on its books On January 1, 2019. Apple acquire an bona 30 of the Hawaii company for 264,000 this second purchase provides Apple the ability 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 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 100000 Cash dividends are always paid on July 1 of each year and goodwill is considered to have indefinite le. 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 fiscal year Apple sels inventory costing 80,000 to Hawaii 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 2 5 6 77 7 V 8 A 9 4 0 P 3G K chomagemPageid-62NEFermob withinj2mBVUN VETIMOTE Duplicate it Duplicate this form and start to use it as your own Ciculate the investee income for 2018 Apple Company pays 70,000 for 10% interest in Hawaii Company. On Hand his book value of 600.000, although equipment, which has a five-your donated by 100,000 on its books on January 1, 2019, Apple acquire an 30 % of the Hawaii company for 264,000 this second purchase provides Apple the ability to exert significant influence over Hawaii, and Apple will now py the equity method. At the time of the transaction, Hawaii equipment with four-year de was undervalued by only $80,000. During these two years Hawaii reported the following operational results Your 2018 of income210,000 and Dividends 110,000 Year 2019 nof income 250,000 and dividend 100,000 Cath dividends are always paid on July 1 of each year and goodwill is considered to have an indefinite Wife. 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 sells inventory costing 100.000 Hawaii continues to hold 30 percent of this merchandise by the end of 80.000 to Hawail for 2020. Apple maintains 40 % ownership of little throughout the period 5 6 7 8 7 V8 A 9 4 0 + !! T . U P. I 3 Pse ShareForms.Page.pid=362FmodWw_261mNKOVUNEPTIUNE Duplicate it Duplicate this form and start to use it as your own 6 Calculate the investee income for 2019 2 points y 2011 Apple Company pays 70,000 for 10% interest in Hawaii Company. On Hawa has a book value of 600,000, although equipment, which has a five-year understood by 100,000 on its books On January 1, 2019. Apple acquire an bona 30 of the Hawaii company for 264,000 this second purchase provides Apple the ability 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 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 100000 Cash dividends are always paid on July 1 of each year and goodwill is considered to have indefinite le. 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 fiscal year Apple sels inventory costing 80,000 to Hawaii 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 2 5 6 77 7 V 8 A 9 4 0 P 3G K