Question
Ramn assets on that date were recorded at 3.900.000 with liabilities of 900,000. Any excess of cost over book value of the investment was attributed
Ramn assets on that date were recorded at 3.900.000 with liabilities of 900,000. Any excess of cost over book value of the investment was attributed to patent having a remaining useful life of 10 years.The formed company reported net income of 170,000 in 2017 while 210,000 in 2018. For the past years, the company has been paying dividends of 70.000 on a constant amount. What is the equity method balance of Wilkin's Investment in Bremm, Inc. at December 31, 20x6?Ramn Ltd. was formed as a result of the contract of two parties Fill Inc. and Zyze Inc. to combine their businesses. This contract resulted to the formation of separate vehicle named Ramn Ltd. Both parties expect the arrangement to benefit them in different ways. Fill believes that the arrangement could enable it to achieve its strategic plans to increase its size, offering an opportunity to exploit its full potential for organic growth through an enlarged offering of products and services. Zyze expects the arrangement to reinforce its business opportunities by marketing more products. This formation also resulted to acquisition of Fill Inc. of Ramn Ltd.'s.stock amounting to 850,00. This investment gave Fill the joint control over Ramn.
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