Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 27, 2024

Oriole Corporation earns $630000 and pays cash dividends of $195000 during 2021. Dexter Corporation owns 3000 of the 10000 outstanding shares of Oriole. What

Oriole Corporation earns $630000 and pays cash dividends of $195000 during 2021. Dexter Corporation owns 3000 of the 10000 outstanding shares of Oriole. What amount should Dexter show in the investment account at December 31, 2021 if the beginning of the year balance in the account was $870000? $870000. O $130500. O $1059000. O $1000500.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored 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

Business Analysis Valuation Using Financial Statements

Authors: Paul M. Healy

5th edition

1111972303, 978-1111972301

Students also viewed these Accounting questions

Question

★★★★★

#CCSEngage de-8/volume-of-spheres IXL Search topics and skills Learning Diagnostic Recommendations DIXLI Volume of spheres | 8th gra X aaaaas Eighth grade > T.14 Volume of spheres QX7 Submit 9 mm...

Answered: 1 week ago

Question

★★★★★

Study the Excel regression output that follows. How many predictors are there? What is the equation of the regression model? Using the key statistics discussed in this chapter, discuss the strength...

Answered: 1 week ago

Question

★★★★★

Cohen Chemicals, Inc., produces two types of photo-developing fluids. The first, a black-and-white picture chemical, costs Cohen $2,500 per ton to produce. The second, a color photo chemical, costs...

Answered: 1 week ago

Question

★★★★★

Do you think it would make a difference for employee health and well-being whether a worker has 40 contractual hours and 5 overtime hours or whether he or she has 20 contractual hours and 25 overtime...

Answered: 1 week ago

Question

★★★★★

Process costing systemdetermine equivalent units and allocate costs Milwaukee Ski Company manufactures snow skis. During the most recent accounting period, the companys finishing department...

Answered: 1 week ago

Question

★★★★★

Carbide Corporation purchased 28,000 shares of its own stock from investors for $43 per share. The next year, the company resold 3,000 of the repurchased shares for $40 per share, and the following...

Answered: 1 week ago

Question

★★★★★

At the end of its first year of operations on December 31, 2020, Crane Companys accounts show the following. Partner Drawings Capital Art Niensted $23,500 $44,300 Greg Bolen 13,900 31,000 Krista...

Answered: 1 week ago

Question

★★★★★

54. The following are production and cost data for two products, A and B, produced in batches of 100 units. Contribution margin per batch Machine set-ups needed per batch Product A $450 Product B...

Answered: 1 week ago

Question

★★★★★

Manager T. C. Downs of Plum Engines, a producer of lawn mowers and leaf blowers, must develop an aggregate plan given the forecast for engine demand shown in the table. The department has a normal...

Answered: 1 week ago

Question

★★★★★

Question 1 (2 points) According to McGregor's X-Y theory, which of the following is a characteristic of Theory Y managers? O 1) They believe that most workers avoid responsibility. O 2) They believe...

Answered: 1 week ago

Question

★★★★★

Systems Analyst role is difficult and challenging. In addition, you likely have a greater appreciation for the significant contributions these professionals make to the results of the organization...

Answered: 1 week ago

Question

★★★★★

Points: 25 Graduation Party Stakeholder Management Plan Stakeholder Management Graduation Project 1. Identify & Analyze Stakeholders: Drawing on the charter you created, create a stakeholder register...

Answered: 1 week ago

Question

★★★★★

? ? ? ? ? ? ? ? ? ? ? a l l o w s t h e p a r e n t a n d c h i l d p r o c e s s e s t o i n i t i a l l y s h a r e t h e s a m e p a g e s , b u t w h e n e i t h e r p r o c e s s m o d i f i e s...

Answered: 1 week ago

Question

★★★★★

The trade-off theory relies on the threat of financial distress. But why should a public corporation ever have to land in financial distress? According to the theory, the firm should operate at the...

Answered: 1 week ago

Question

★★★★★

Have production-operations goals been established, and are work activities aimed at achieving these goals?

Answered: 1 week ago

Question

★★★★★

Has the organization developed any particular competencies in the areas of production-operations?

Answered: 1 week ago

Question

★★★★★

What is the organization's market position or rank?

Answered: 1 week ago

Previous Question Next Question