Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fredo, Inc., compr el 10% de Sonny Enterprises por $1,000,000 el 1 de enero de 2018. Sonny reconoci un ingreso neto total de $340,000 durante

Fredo, Inc., compr el 10% de Sonny Enterprises por $1,000,000 el 1 de enero de 2018. Sonny reconoci un ingreso neto total de $340,000 durante 2018, pag $24,000 en dividendos a Fredo durante 2018 y, al 31 de diciembre de 2018, el valor de mercado de la inversin de Sonny aument a $1,034,000. Requerido: Prepare los asientos de diario necesarios para contabilizar la inversin de Sonny, asumiendo que Fredo (1) carece de influencia significativa o (2) tiene influencia significativa sobre las polticas operativas y financieras de la participada.

Requerido 1

Registre la entrada de inversin en Sonny Enterprises.

Registre el asiento correspondiente al dividendo en efectivo recibido.

Registre la ganancia o prdida por tenencia neta no realizada de una inversin disponible para la venta.

Requerido 2:

Registre la entrada de inversin en Sonny Enterprises.

Registre los ingresos de Sonny Enterprise durante 2018.

Registrar la recepcin de dividendo durante el ao 2018.

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

More Books

Students also viewed these Accounting questions

Question

3 (2x 5) 2 (7x + 9) = 49

Answered: 1 week ago

Question

5. Identify and describe nine social and cultural identities.

Answered: 1 week ago

Question

2. Define identity.

Answered: 1 week ago

Question

4. Describe phases of majority identity development.

Answered: 1 week ago