Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

El 1 de enero de 2021, Nana Company pag $100,000 por 8,000 acciones ordinarias de Papa Company. La participacin en Papa Company es del 10%.

El 1 de enero de 2021, Nana Company pag $100,000 por 8,000 acciones ordinarias de Papa Company. La participacin en Papa Company es del 10%. Nana Company no tiene una influencia significativa sobre Papa Company. Papa report una utilidad neta de $52,000 para el ao que finaliz el 31 de diciembre de 2021. El valor razonable de las acciones de Papa en esa fecha fue de $45 por accin. Qu monto se reportar en el balance de Nana Company por la inversin en Papa al 31 de diciembre de 2021?

284.400.

$300,000.

$315,600.

$360,000.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Self Study Problems/Solutions Book

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

4th Edition

0471205133, 978-0471205135

More Books

Students also viewed these Accounting questions

Question

Compose the six common types of social business messages.

Answered: 1 week ago

Question

Describe positive and neutral messages.

Answered: 1 week ago