Fabian Company paid $1,000,000 for 25,000 shares of Michaela Company's 1,000,000 unpaid shares on January 1, 2021. The carrying value of Michaela Company's equity at the time of the acquisition was $3,000,000. At the time of the takeover, Michaela Company assets with a market valuation higher than the carrying number were as follows: Carrying amount Market Value Remaining life Inventory 400,000 500,000 Less than 1 year Equipment 2,000,000 2,500,000 5 years Goodwill 0 400,000 Indefinite Michaela Company's income in 2021 was $700,000. Dividends per share paid by Michaela Company amounted to $3 in 201. What is the carrying amount of Fabian Company's investment in Michaela Company on December 31, 2021? On January 4, 2021, Cyra Company paid $120 per share for 20,000 Anttoni Company stock. Anttoni Company had 10,000 outstanding securities with a carrying value of $8,000,000. The discrepancy between the carrying number and the equal valuation of all Anttoni Company on January 1, 2021 is due to an intangible property, a broadcast license. Anttoni Company earned $3,600,000 in 2021 and $3,900,000 in 2022, and received a per-share dividend of $16 in 2021 and $20 in 2022. For the broadcast license, Cyra Company has a 20-year straight line amortization agreement. On December 31, 2022, what is the carrying value of Cyra Company's investment in Anttoni Company? Vaughan Company has 100,000 ordinary shares in circulation. In 2009, Geo Company paid $120 per share for 30,000 shares of Vaughan. The shares are being sold for the long term. The below are the changes in Vaughan's retained earnings for 2021 and 2022: Earnings retained (deficit), January 1, 2021 (500,000) 700,000 in net sales in 2021 Earnings retained as of December 31, 2021 200,000 800,000 in net profits in 2022 On December 30, 2022, a cash dividend will be charged (400,000) 600,000 in retained profits as of December 31, 2022 On December 31, 2022, what is the carrying value of Geo Company's investment in Vaughan Company? Phillip Company paid $2,560,000 for 40% of Fannie Company's outstanding stock on January 1, 2021, when Fannie's carrying value of net assets was $5,000,000. The discrepancy was due to machinery with a carried value of $1,200,000 and a fair value of $2,000,000, as well as a house with a carrying value of $1,000,000 and a fair value of $1,600,000. The equipment's and building's remaining useful lives were 4 and 12 years, respectively. Fannie posted a net profits of $1,600,000 in 2021 and paid $1,000 in dividends. What is the carrying value of the Fannie Company investment as of December 31, 2021? Vilhelm Company acquired a 40% interest in Vlad Company for $1,700,000 on January 1, 2021. The shareholder's equity of Vlad Company on January 1 and December 31, 2021 is presented below. January 1 December 31 Share Capital 3,000,000 3,000,000 Revaluation Surplus 1,300,000 Retained Earnings 1,000,000 1,500,000 On January 1, 2021, everything in Vlad Company's identifiable assets and liabilities were reported at fair value. During the current financial year, Vlad Company posted a profit of $700,000 following a $300,000 income tax loss and paid a dividend of $150,000 to shareholders. The revaluation surplus is the consequence of Vlad Company's land revaluation on December 31, 2021. Furthermore, Vlad Company provides depreciation using the reducing balance process, while Vilhelm Company uses the straight line. The cumulative depreciation would have been raised by $200,000 if Vlad Company had followed the straight-line process. The tax rate is set at 30%. What is the total value of the Vilhelm Company's expenditure in Vlad? On January 1, 2021, Leon Company paid $1,000,000 for a 30% stake in Fadime Company's issued share shares. On this date, Fadime Company's cumulative income totaled $2,000,000. On December 31st of each year, the companies file their financial statements. The following is a simplified statement of Fadime Company's financial status as of December 31, 2022: net assets 6,000,000 Share Capital, $10 par 1,000,000 Share Premium 2,000,000 Retained earnings 3,000,000 The fair value of the net assets of Fadime Company at the date of acquisition was $5,000,000. The recoverable amount of the net assets of Fadime Company is deemed to be $7,000,000 on December 31,2022. What is the carrying amount of the investment in Fadime Company on December 31, 2022 Lizzie Company holds 20% of Mira Company's preferred share shares, 80% of its ordinary share capital, and 80% of its ordinary share capital as of December 31, 2021. a 10% combined preference share wealth 5,000,000,000 7,000,000 in ordinary equity capital Mira reported a net profit of $3,000,000 for the fiscal year ending December 31, 2021. What is the investee's earnings equity in 2021? Yury Company holds 30% of Axel Company's outstanding ordinary shares and 100% of its outstanding noncumulative nonvoting preferred shares. In 2021, Axel announced a dividend of $1,000,000 on its common stock and $600,000 on its preferred stock. In 2021, how much dividend revenue does Yury record on its income statement? Edric Company paid $6,000,000 for 15% of Imeda Company's outstanding ordinary shares on January 1, 2021. Edric uses the cost method to account for this contribution correctly. Imeda posted a net profit of $3,000,000 in 2021 and a profit of $9,000,000 in 2022. In 2021, no dividend was charged, but Imeda paid a $15,000,000 dividend in 2022. Whose dividend income does Edric announce in 2022? Casper Company paid 500,000 for 10% of Armel Company's 100,000 outstanding common stock on January 1, 2021. On December 31,2021, pare paid $1,500,000 for an extra 20,000 shares of Armel. There was no goodwill associated with either deal, and Armel did not sell any new securities in 2021. Armel posted $3,000,000 in earnings for 2021. What is the investment's carrying value as of December 31, 2021