Question
Multiple Choice Question 95 The summarized balance sheets of Carla Vista Company and Dobbs Company as of December 31, 2018 are as follows: Carla VistaCompany
Multiple Choice Question 95
The summarized balance sheets of Carla Vista Company and Dobbs Company as of December 31, 2018 are as follows:
| Carla VistaCompany Balance Sheet December 31, 2018 | |
| Assets | $2150000 |
| Liabilities | $250000 |
| Capital stock | 1075000 |
| Retained earnings | 825000 |
| Total equities | $2150000 |
| Dobbs Company Balance Sheet December 31, 2018 | |
| Assets | $1600000 |
| Liabilities | $360000 |
| Capital stock | 1050000 |
| Retained earnings | 190000 |
| Total equities | $1600000 |
If Carla Vista Company acquired a 20% interest in Dobbs Company on December 31, 2018 for $300000 and the fair value method of accounting for the investment were used, the amount of the debit to Equity Investments (Dobbs) would have been
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Visual Auditory And Kinesthetic Self Audit Communication And Learning Profiles
Authors: Brian Everard Walsh, Ronald Willard, Astrid Whiting
1st Edition
098666555X, 978-0986665554
