Answered step by step

Verified Expert Solution

Link Copied!

Question

...

1 Approved Answer

Posted on Jul 14, 2024

on January 1, 20x1 entitiy A acquires 30% interest in Entity B for 600,000. Entity B reports profit of 200,000 and declares dividends of 50,000

on January 1, 20x1 entitiy A acquires 30% interest in Entity B for 600,000. Entity B reports profit of 200,000 and declares dividends of 50,000 in 20x1. How much is the carrying amount of the investment in associate on Dec31, 20x1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 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

Engineering Economic Analysis

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

9th Edition

9780195168075

Students also viewed these Accounting questions

Question

70. Bearing Diameters A machine operation produces bearings whose diameters are normally distributed, with mean and standard deviation equal to .498 and .002, respectively. If specifications require...

Answered: 1 week ago

Question

★★★★★

The pulley in Fig. 9.35 has radius R and a moment of inertia l. The rope does not slip over the pulley, and the pulley spins on a frictionless axle. The coefficient of kinetic friction between block...

Answered: 1 week ago

Question

★★★★★

The MoMi Corporations income before interest, depreciation and taxes, was $2.3 million in the year just ended, and it expects that this will grow by 5% per year forever. To make this happen, the firm...

Answered: 1 week ago

Question

★★★★★

Flexible budgeting uses: Select one: a. Budgeted price per unit, budgeted cost per unit, and budgeted volume. b. Budgeted price per unit, actual cost per unit, and actual volume. c. Budgeted price...

Answered: 1 week ago

Question

★★★★★

Let f C C, differentiable at the origin, f(0) = 0, and satisfy f(2z) = 2f(z) for all z = C. Prove that there exists c E C such that f(z) = cz for all z = C.

Answered: 1 week ago

Question

★★★★★

Present two of Kaiser Permanente's competitors and explain whether you believe they are a prospector, defender, analyzer, or reactor. ( Class- Strategic Management)

Answered: 1 week ago

Question

★★★★★

1 . You may purchase a parcel of land for its current market price of $ 6 , 0 0 0 , 0 0 0 . Restrictive covenants only allow you to build a hotel on the land. 2 . The parcel of land is currently...

Answered: 1 week ago

Question

★★★★★

Write SQL statement to create a single table for the STAR entity identified in the E-R model you created last week. Then add one or two rows of sample data into the STAR table (feel free to pick your...

Answered: 1 week ago

Question

★★★★★

2. If the coordinate frame oixiyizi is obtained from the coordinate frame ooxoyozo by a rotation of /2 about the x-axis followed by a rotation of /2 about the fixed y-axis, find the rotation matrix R...

Answered: 1 week ago

Previous Question Next Question