FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On 1st January N, A is holding a 30% investment in B, accounted for according to the equity method, the value of the investment being

image text in transcribed

On 1st January N, A is holding a 30% investment in B, accounted for according to the equity method, the value of the investment being 600 at that date in the balance sheet of A. During year N, B pays a dividend of a total of 120 its shareholders, and it generates a net income of 270 for year N. In the consolidated financial statements of A as of 31st December N, which is the impact on cash of A regarding the investment in B

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_2

Step: 3

blur-text-image_3

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

Financial Accounting

Authors: Robert Kemp, Jeffrey Waybright

2nd edition

978-0132771801, 9780132771580, 132771802, 132771586, 978-0133052152

More Books

Students also viewed these Accounting questions

Question

★★★★★
Refer to Exercise 14.4. The table with the prices for product A for the four quarters of last year is reproduced at right. Holt's smoothing method with w = .2 and v = .6 was applied to the data. a....

Answered: 1 week ago

Question

★★★★★
The trace of an n n matrix A. denoted tr(A). is the sum of its diagonal entries: that is. tr(A) = 11 + 22 +......+(nn) Show that (a) tr (AB) = tr(BA) (b) If A is similar to B, then tr(A) = tr(B).

Answered: 1 week ago

Question

★★★★★
2. Use the numbers in Figure 7.4 to calculate the average residence time of carbon in the oceans.

Answered: 1 week ago

Question

★★★★★
Patriot Corporations statement of cash flows shows cash flow from operations of $322,000. The following items also appear on Patriots balance sheet and income statement: Depreciation expense . . . ....

Answered: 1 week ago

Question

★★★★★
On 1st January N, A is holding a 30% investment in B, accounted for according to the equity method, the value of the investment being 600 at that date in the balance sheet of A. During year N, B pays...

Answered: 1 week ago

Question

★★★★★
A community college has estimated that it needs $480,000 in 5 years to remodel their student gym. To save for the estimating remodeling costs, they decide to make payments into an account at the end...

Answered: 1 week ago

Question

★★★★★
Question 19 (3 points) Examine this "live" display of a Siemens S7-300 PLC's program, and from this determine all bit statuses represented by the color highlighting in this ladder logic program: I1.1...

Answered: 1 week ago

Question

★★★★★
Question 17 2 Points Both Fatima and Abdulla are middle-level managers at Dana Pastries. Fatima works for 50 hours a week and receives BD500 and Abdulla receives BD500 for 50 working hours a week....

Answered: 1 week ago

Question

★★★★★
Prepare cost reports for the fourth quarter of 2016 for both production departments. Using the First-In-First-Out (FIFO) method, provide the following figures, with supporting calculations, for each...

Answered: 1 week ago

Question

★★★★★
How do you format a production cost report using the weighted-average method and using the FIFO method (the beginning direct materials costs as of June 1 listed in work-in-process should be $315,700...

Answered: 1 week ago

Question

★★★★★
Paine's Window Store manufactures windows and uses a weighted average process- costing system. Direct material is added at the beginning of the process. Work happens evenly throughout the process, so...

Answered: 1 week ago

Previous Question Next Question