com Page ShareForm Page 5620 NEIFK moyqos www2mIEVUNPUPTIU Duplicate it Duplicate this form and start to use it as your own 7 How much income apple will report for 2018 related to this investment 2. Points) 2018 Apple Company payo 70.000 for 10% interest in Honil Company an Has a 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 do 30% of the Hawaii company for 264,000 this second purchase prodes 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 wall undervalued by only $80,000. During these two years Hawaii reported the following operational results Your 2018 nof incomo210,000 and Dividends 110,000 Yoar 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 We. 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 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 6 6 7 V 8 A 9 O U > com/Pages/ShareForm Page aspid=562XU NEFekmoyqdWW.WahhiimNdKBVUN Duplicate this form and start to use it as your own Duplicate For his first purchase, how much excess payment would be?: 2 points) Dildorary 1, 2018, Apple Company pays 70,000 for 10% interest in Hawail Company, C the dela, Hawaii has a book value of 600,000, although equipment, which has a five-yeu life, in undervalued by 100,000on its books. On January 1, 2019. Apple acquire 1 ladditional 30 % of the Hawaii company for 264,000 this second purchas provides Apple the ability to exert significant influence over Hawail, and Apple will no apply the equity method. At the time of the transaction, Hawaii equipment with four-year li was undervalued by only $80,000. During these two years Hawaii reported the followin operational results Year 2018 net income210,000 and Dividends 110,000 Yoar 2019 not income 250,000 and dividend 100,000 Cash dividends are always paid on July 1 of each year and goodwill is considered to hav an indefinite life. In 2020 Hawail Company reports 400,000 in income from continuin operational plus 60.000 extraordinary gains The company pays a cash dividend of 120.000 During this fiscal year Apple sells inventory costing 80.000 to Hawaii fo 100.000 Hawaii continues to hold 30 percent of this merchandise by the end 2020. Apple maintains 40 % ownership of little throughout the period O + 5 0 6 1 7 V8 199 0 08 your own Duplicate 2 For his first purchase, how much excess payment would be? (2 points) On January 1, 2018. Apple Company pays 70,000 for 10% interest in Hawall Company On that date, Hawail has a book value of 600,000, although equipment, which has a five-year life is undervalued by 100,000 on its books, On January 1, 2019, Apple acquire an additional 30 % of the Hawaii company for 264,000 this second purchase provides Apple the ability to exert significant influence over Hawall, and Apple wil now apply the equily method. At the time of the transaction, Hawaii equipment with four-year life was undervalued by only $80,000. During these two years Hawali 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 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 this fiscal year Apple sells 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 here to search com Page ShareForm Page 5620 NEIFK moyqos www2mIEVUNPUPTIU Duplicate it Duplicate this form and start to use it as your own 7 How much income apple will report for 2018 related to this investment 2. Points) 2018 Apple Company payo 70.000 for 10% interest in Honil Company an Has a 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 do 30% of the Hawaii company for 264,000 this second purchase prodes 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 wall undervalued by only $80,000. During these two years Hawaii reported the following operational results Your 2018 nof incomo210,000 and Dividends 110,000 Yoar 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 We. 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 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 6 6 7 V 8 A 9 O U > com/Pages/ShareForm Page aspid=562XU NEFekmoyqdWW.WahhiimNdKBVUN Duplicate this form and start to use it as your own Duplicate For his first purchase, how much excess payment would be?: 2 points) Dildorary 1, 2018, Apple Company pays 70,000 for 10% interest in Hawail Company, C the dela, Hawaii has a book value of 600,000, although equipment, which has a five-yeu life, in undervalued by 100,000on its books. On January 1, 2019. Apple acquire 1 ladditional 30 % of the Hawaii company for 264,000 this second purchas provides Apple the ability to exert significant influence over Hawail, and Apple will no apply the equity method. At the time of the transaction, Hawaii equipment with four-year li was undervalued by only $80,000. During these two years Hawaii reported the followin operational results Year 2018 net income210,000 and Dividends 110,000 Yoar 2019 not income 250,000 and dividend 100,000 Cash dividends are always paid on July 1 of each year and goodwill is considered to hav an indefinite life. In 2020 Hawail Company reports 400,000 in income from continuin operational plus 60.000 extraordinary gains The company pays a cash dividend of 120.000 During this fiscal year Apple sells inventory costing 80.000 to Hawaii fo 100.000 Hawaii continues to hold 30 percent of this merchandise by the end 2020. Apple maintains 40 % ownership of little throughout the period O + 5 0 6 1 7 V8 199 0 08 your own Duplicate 2 For his first purchase, how much excess payment would be? (2 points) On January 1, 2018. Apple Company pays 70,000 for 10% interest in Hawall Company On that date, Hawail has a book value of 600,000, although equipment, which has a five-year life is undervalued by 100,000 on its books, On January 1, 2019, Apple acquire an additional 30 % of the Hawaii company for 264,000 this second purchase provides Apple the ability to exert significant influence over Hawall, and Apple wil now apply the equily method. At the time of the transaction, Hawaii equipment with four-year life was undervalued by only $80,000. During these two years Hawali 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 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 this fiscal year Apple sells 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 here to search