QUESTION 16 5 points Garmon Corp. acquired a 70 interest in 7 Corporation on December 31, 2019 for $1.671.000. During 2020, ZXd had net income of $752.000 and paid cash dividends of $60.000. A December 31 20/0. What should be the balance in the investment in ZKl account? NIE 4 O 52.227.400 O 51716.200 5300.000 O $45.200 QUESTION 17 points) During 2000. Midi.inc.purchased 11.000 shares of IAT, Inc. for $32 per share and later in the year sold 2.750 of these shares for $37 per share. At December was 26 per sure. How much of a n or loss should Midi, Inc. report on its 2020 income statement the company cases these shares as trading secure O 1552.250" 1:49. soor 153.750r 13.750 2010 the market price of stock QUESTION 18 15 points on January 2013. Cihon o acquires 1419.000 of Adam Company's 10 year 10% bonds at a price of 24 noyed 11 e rests payable each year on December. The bonds are dessed as held to matury. Assuming that Clifton Couses the effective interest method what is the amount of interest revenue rounded that would be recognised in 2020 related to these bonds "541.900 143376 QUESTION 18 "Sports on January 2013. non Cou rs 1419.000 of Adam Company's 10 year, 10% bonds at a price of 1924 to yield 11. Interest paytach year on December as held to maturity. Assuming that iton Courses the effective interest method what is the amount of interest revenue rounded that would be recoged in 200 r the bond are doned ed to these bondho 031618 541.300 10.376 QUESTION 19 "5 points Sets Company accounts for its investment in OF. In under the available for sale method. How should Sels company record a cash dividend received from OFONET As an action to the far value adjustment account. As a reduction to the investment account As additional pain in capital As dividend income QUESTION 20 QUESTION 16 5 points Garmon Corp. acquired a 70 interest in 7 Corporation on December 31, 2019 for $1.671.000. During 2020, ZXd had net income of $752.000 and paid cash dividends of $60.000. A December 31 20/0. What should be the balance in the investment in ZKl account? NIE 4 O 52.227.400 O 51716.200 5300.000 O $45.200 QUESTION 17 points) During 2000. Midi.inc.purchased 11.000 shares of IAT, Inc. for $32 per share and later in the year sold 2.750 of these shares for $37 per share. At December was 26 per sure. How much of a n or loss should Midi, Inc. report on its 2020 income statement the company cases these shares as trading secure O 1552.250" 1:49. soor 153.750r 13.750 2010 the market price of stock QUESTION 18 15 points on January 2013. Cihon o acquires 1419.000 of Adam Company's 10 year 10% bonds at a price of 24 noyed 11 e rests payable each year on December. The bonds are dessed as held to matury. Assuming that Clifton Couses the effective interest method what is the amount of interest revenue rounded that would be recognised in 2020 related to these bonds "541.900 143376 QUESTION 18 "Sports on January 2013. non Cou rs 1419.000 of Adam Company's 10 year, 10% bonds at a price of 1924 to yield 11. Interest paytach year on December as held to maturity. Assuming that iton Courses the effective interest method what is the amount of interest revenue rounded that would be recoged in 200 r the bond are doned ed to these bondho 031618 541.300 10.376 QUESTION 19 "5 points Sets Company accounts for its investment in OF. In under the available for sale method. How should Sels company record a cash dividend received from OFONET As an action to the far value adjustment account. As a reduction to the investment account As additional pain in capital As dividend income QUESTION 20
