Please explain how to calculate this to get an answer like the key above (check the picture for the complete question) for number 59, 60, 61, 62, 66, 74, 79, 80, and 121

Chapter : INVESTMENTS

59. Mouns Company owns 40% interest in the stock of Darian Corporation. During the year, Darian pays $20,000 in dividends to Mouns, and reports $100,000 in net income. Mouns Companys investment in Darian will increase Mouns net income by

60. Mouns Company owns 40% interest in the stock of Darian Corporation. During the year, Darian pays $25,000 in dividends to Mouns, and reports $100,000 in net income. Mouns Companys investment in Darian will increase by

61. On January 1, 2008, Jonsey Corporation purchased 30% of the common stock outstanding of Karsen Corporation for $200,000. During 2008, Karsen Corporation reported net income of $80,000 and paid cash dividends of $40,000. The balance of the Stock Investments Karsen account on the books of Jonsey Corporation at December 31, 2008 is

62. Decker Corporation purchased 1,000 shares of Kent common stock at $70 per share plus $3,000 brokerage fees as a short-term investment. The shares were subsequently sold at $80 per share less $3,400 brokerage fees. The cost of the securities purchased and gain or loss on the sale were

66. Dobson Corporation sells 200 shares of common stock being held as a short-term investment. The shares were acquired six months ago at a cost of $50 a share. Dobson sold the shares for $40 a share. The entry to record the sale is

74. On January 1, 2008, Calis Corporation purchased 25% of the common stock outstanding of Lane Corporation for $700,000. During 2008, Lane Corporation reported net income of $200,000 and paid cash dividends of $100,000. The balance of the Stock Investments Lane account on the books of Calis Corporation at December 31, 2008 is

79. Which of the following is the correct matching concerning an investor's influence on the operations and financial affairs of an investee?

80. Which of the following is the correct matching concerning the appropriate accounting for long-term stock investments?

121. On January 2, Matthews Corporation acquired 20% of the outstanding common stock of Dennehy Company for $450,000. For the year ended December 31, Dennehy reported net income of $90,000 and paid cash dividends of $30,000 on its common stock. At December 31, the carrying value of Matthews' investment in Dennehy under the equity method is

59 Mouns Company owns 40% interest in the stock of Darian Corporation. During the year Darian pays $20,000 in dividends to Mouns, and reports $100,000 in net income. Mouns Company's investment in Darian will increase Mouns net income by a $20.000 b. $40,000 c. $32,000 d. $8,000 60. Mouns Company owns 40% interest in the stock of Darian Corporation. During the year, Darian pays $25,000 in dividends to Mouns, and reports $100,000 in net income. Mouns Company's investment in Darian will increase by a $25.000 b. $40,000 C. $32,000 d. $15,000 61. On January 1, 2008, Jonsey Corporation purchased 30% of the common stock outstanding of Karsen Corporation for $200,000. During 2008, Karsen Corporation reported net income of $80,000 and paid cash dividends of $40,000. The balance of the Stock Investments Karsen account on the books of Jonsey Corporation at December 31, 2008 is a $200,000 b. $240,000 C. $280,000 d. $212,000 62 Decker Corporation purchased 1,000 shares of Kent common stock at $70 per share plus $3,000 brokerage fees as a short-term investment. The shares were subsequently sold at $80 per share less $3,400 brokerage fees. The cost of the securities purchased and gain or loss on the sale were Cost Gain or Loss a $70,000 $10,000 gain b $70,000 $3,600 gain G $73,000 $7,000 gain d $73,000 $3,600 gain 66. Dobson Corporation sells 200 shares of common stock being held as a short-term investment. The shares were acquired six months ago at a cost of $50 a share. Dobson sold the shares for $40 a share. The entry to record the sale is a Cash 8.000 Loss on Sale of Stock Investments 2.000 Stock Investments 10,000 b. Cash b. 10,000 Gain on Sale of Stock Investments 2,000 Stock Investments 8,000 Cash 8.000 Stock Investments 8,000 d. Stock Investments 8,000 Loss on Sale of Stock Investments 2.000 Cash 10,000 74 On January 1, 2008, Calis Corporation purchased 25% of the common stock outstanding of Lane Corporation for $700,000. During 2008, Lane Corporation reported net income of $200,000 and paid cash dividends of $100,000. The balance of the Stock Investments- Lane account on the books of Calis Corporation at December 31, 2008 is a. $700.000 b. $725,000 c. $750,000 d. $675.000 79 Which of the following is the correct matching concerning an investor's influence on the operations and financial affairs of an investee? % of Investor Ownership Presumed Influence a Less than 20% Short-term b Between 20%-50% More than 50% Long-term d Between 20%-50% Controlling Significant 80 Which of the following is the correct matching concerning the appropriate accounting for long-term stock investments ? % of Investor Ownership Accounting Guidelines a. Less than 20% Cost method b. Between 20%-50% Cost method C More than 50% Cost or equity method d. Between 20%-50% Consolidated financial statements 121. On January 2, Matthews Corporation acquired 20% of the outstanding common stock of Dennehy Company for $450,000. For the year ended December 31. Dennehy reported net income of $90.000 and paid cash dividends of $30,000 on its common stock. At December 31. the carrying value of Matthews' investment in Dennehy under the equity method is a $444,000 b. $450.000 C. $456,000. d $462.000