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On January 2, 2019, All Good Company purchased 7,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment
- On January 2, 2019, All Good Company purchased 7,000 shares of the stock of Big Bad Company, and DID NOT obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $14 per share, and represents a 10% ownership stake. Big Bad Company made $450,000 of net income in 2019, and paid dividends to All Good Company of $5,000 on December 15, 2019. On December 31, 2019, Big Bad Company's stock was trading on the open market for $11.50 per share at the end of the year. Use this information to determine the unrealized gain or loss on the investment that should be reported at year end by All Good Company. If it is a loss, enter as a negative number. Round to nearest whole dollar
- The following data are available for Delane Company.
Increase in accounts payable $120,000
Increase in bonds payable $300,000
Sale of Investments $150,000
Issuance of common stock $160,000
Payment of cash dividends $90,000
Net cash provided by financing activities is:
A. 180,000
B. 150,000
C. 370,000
D. 360,000
E. 420,000
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