Question
On January 01, 2021, Tiny Company bought back a portion of its own stock as treasury Due to this transaction, Large Company's percentage share of
On January 01, 2021, Tiny Company bought back a portion of its own stock as treasury Due to this transaction, Large Company's percentage share of Tiny Company's voting stock increased from 25% to 30%. For 2021. Tiny Company had $10.000 net loss and paid no dividend. Prepare a journal entry on the following date showing computation in short form. (3) On December 31, 2021
On January 01, 2022, Large Company sold half of its investment to Medium Company for $50,000 cash.
Prepare a journal entry on the following date showing computation in short form.
On January 01, 2022
After the sale of investment, (5) what is Large Company's percentage of ownership in Tiny Company, and (6) can Large Company continue to use equity method, probably yes, or probably no why ? Answer in concise and complete sentences.
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Internal Auditing Basics Video Learning Guide
Authors: Charles A. Cianfrani & John E. West, James P. Gildersleeve
1st Edition
1891578251, 978-1891578250
