problem 13-8

need journal entries.

Nov 25 Sold 200 shares of Egli common stock for $25 per share Deco Purchased 400 shares of Grey Company common stock for $41 per shere On December 31, 2019, the autod market prices of the shares were as follows: Eglan Com are Company S38 per shares and Gray Company, $40 per share. Required: Prepare journal entries to record the preceding information for the fourth quarter Show what the bank reports on its fourth quarter 2019 income statement for these cquitys show how the bank reports this investment in equity securities on its balance sheet at the anter of 2019 Nest Level What justification does the FASB give for its treatment of unrealized holding gain county securitas at the end realized holding gains and be 513-18 Equity Method Miller Corporation acquired 30% of the outstanding common stock of Crowell Com LO13 S TOL 000 Luary 1, 2019. and obtained significant influence. The purchase price of the shares Se book alue. During 2019. the following information is available for Crowell: Mar 31 Declared and paid a cash dividend of $50,000 SHC June 30 MEMO Reported semiannual earnings of $ 120,000 for the first half of 2019 Sept. 30 Declared and paid a cosh dividend of $50,000 Dec. 31 Reported semiannual earnings of $140,000 for the second half of 2019. Required: Prepare journal entries for Miller to reflect the preceding information 2. What is the balance in Miller's investment account on December 31, 2019Show your computation E13-19 Equity Method On January 1, 2019, Field Company acquired 40% of North Company by purch LO 13.7 shares for $144,000 and obtained significant influence. On the date of acquisition, Field calculated that the excess of the fair value over the book value of North's depreciable assets was $15,000 and that the goodwill was $12,000. At the end of 2019, North reported net income of $45,000 and paid divide per share. Field depreciates its depreciable assets over a 12-year remaining life. Nov 25 Sold 200 shares of Egli common stock for $25 per share Deco Purchased 400 shares of Grey Company common stock for $41 per shere On December 31, 2019, the autod market prices of the shares were as follows: Eglan Com are Company S38 per shares and Gray Company, $40 per share. Required: Prepare journal entries to record the preceding information for the fourth quarter Show what the bank reports on its fourth quarter 2019 income statement for these cquitys show how the bank reports this investment in equity securities on its balance sheet at the anter of 2019 Nest Level What justification does the FASB give for its treatment of unrealized holding gain county securitas at the end realized holding gains and be 513-18 Equity Method Miller Corporation acquired 30% of the outstanding common stock of Crowell Com LO13 S TOL 000 Luary 1, 2019. and obtained significant influence. The purchase price of the shares Se book alue. During 2019. the following information is available for Crowell: Mar 31 Declared and paid a cash dividend of $50,000 SHC June 30 MEMO Reported semiannual earnings of $ 120,000 for the first half of 2019 Sept. 30 Declared and paid a cosh dividend of $50,000 Dec. 31 Reported semiannual earnings of $140,000 for the second half of 2019. Required: Prepare journal entries for Miller to reflect the preceding information 2. What is the balance in Miller's investment account on December 31, 2019Show your computation E13-19 Equity Method On January 1, 2019, Field Company acquired 40% of North Company by purch LO 13.7 shares for $144,000 and obtained significant influence. On the date of acquisition, Field calculated that the excess of the fair value over the book value of North's depreciable assets was $15,000 and that the goodwill was $12,000. At the end of 2019, North reported net income of $45,000 and paid divide per share. Field depreciates its depreciable assets over a 12-year remaining life