Question
Plz help me with this one as well please. Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method
Plz help me with this one as well please.
Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $9,100 net loss. Zach Company's entry would include a
a.debit to the investment account for $4,095
b.credit to the investment account for $4,095
c.credit to a loss account for $4,095
d.credit to cash for $4,095
An investor purchased 576 shares of common stock, $23 par, for $26,496. Subsequently, 99 shares were sold for $33 per share. What is the amount of gain or loss on the sale?
a.$1,287 gain
b.$2,277 loss
c.$1,287 loss
d.$2,277 gain
An investor purchased 500 shares of common stock, $25 par, for $19,250. Subsequently, 100 shares were sold for $35 per share. What is the amount of gain or loss on the sale?
a.$500 gain
b.$350 gain
c.$3,500 gain
d.$350 loss
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