Olivia Co. owns 4,000 of the 10,000 outstanding shares of Hobbitt Corp. common stock and exercises significant

Fantastic news! We've Found the answer you've been seeking!

Question:

Olivia Co. owns 4,000 of the 10,000 outstanding shares of Hobbitt Corp. common stock and exercises significant influence over the company. During 2011, Hobbitt earns $80,000 and pays cash dividends of $30,000. If the beginning balance in the investment account was $160,000, the balance at December 31, 2011 should be:

A.$160,000

B.$192,000

C.$180,000

D.$172,000

Posted Date: Jun 14, 2024 07:00 AM

See More Questions

Compare and contrast the approaches to the establishment of a compliance program.
Better Products, Inc., manufactures three products on two machines. In a typical week, 40 hours are available on each machine. The profit contribution and production time in hours per unit are as...
. The development and application of employees' skills and energies to accomplish the goals and objectives of the organization is called ________: A. human resource management. B. human resource...
Billy has a dispute with Sleepdigit Bedspring Company over a number of beds Billy recently purchased from Sleepdigit for use in his hotel. Billy needs to decide whether to pursue litigation or employ...
Examine Tables 6.1 and 6.2 and select two countries with contrasting profiles. Use Hofstedes dimensions to suggest how SHRM interventions to motivate employees and appraise employees might differ...
In given list of 0s, 1s and 2s, write a program to separate 0s, 1s and 2s. //Sorts a given list by selection sort //Input: An array A[0..n-1] of orderable elements //Output: List A[0..n-1] sorted in...
In a sorted list, find a number. If found then return the index if not found then insert into the array. // Sorts a given list by selection sort //Input: An array A[0..n-1] of orderable elements....
Write a program that takes a command-line argument n and creates an n-by-n boolean matrix with the element in row i and column j set to true if i and j are relatively prime, then shows the matrix on...
In a huge linked list, you are given a pointer to some middle node. Write a program to remove this node. Copy the values of next node to current node. Then remove next node. //Sorts a given list by...
The statement from Lyon County Bank on December 31 showed a balance of $27,982. A comparison of the bank statement with the Cash account revealed the following facts. 1. 2. 3. 4. The bank collected...

Olivia Co. owns 4,000 of the 10,000 outstanding shares of Hobbitt Corp. common stock and exercises significant

Question:

Expert Answer:

Students also viewed these accounting questions