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required 2 and required 3 answers please - XCO Remaining Time: 44 minutes, 43 seconds. QUESTION 1 Question Completion Status: REQUIRED 1: 1. During 2018,
required 2 and required 3 answers please
- XCO Remaining Time: 44 minutes, 43 seconds. QUESTION 1 Question Completion Status: REQUIRED 1: 1. During 2018, Richardson experienced the following transactions relating to its investment in stock 2/1 Richardson purchased 500 shares of Delmonte common share for $24,000. Delmonte paid cash dividends, $ 50share 10/30 Richardson sold 20% of the Delmonte shares for 54 200 in total. Ignore broker's charge. 9/30 Delmonte paid cash dividends, 5.70/share. >>>Present the journal entries on the books of Richardson related to the investment in Delmonte. 6/1 REQUIRED 2 2. In 2018 Blevins Company purchased two investments are as follows The investee companies are Cobamet Company and Finco, Inc Facts about both investments Investee Holding of shares Held Cost/share FV/share at 12/31 Income of Investee Finco Cobamet 35% 10% 30.000 10.000 520 $37 $19.50 $44.00 $160.000 $466.000 In addition, Cobamet paid 550.000 in total cash dividends in 2018 Finco paid a $85.715 total cash dividend in 2018 >>> Prepare ALL 2018 required journal entries for both investments on the books of Blevins Company REQUIRED 3: 3. Staples Company purchased bonds with a total face value $1.000.000 from Webster Company on March 1, 2019 at 100 (quote) The bonds are 7% $1000 bonds and pay interest every March 1 The bonds are a trading security on Staple's books On December 31, the bonds are reported on the balance sheet of Staples as an investment The fair value of the bonds reflects that they have a 104 quote at December 31, 2019 December 31 is fiscal vear-end Chek Sove and submit to me and meet Click Save All Arto all are Save All Answers X Jackboard XC OD 211 Richardson pu 6/1 Delmonte paid Remaining Time: 44 minutes, 38 seconds. 10/30 Richardson soli 9/30 Delmonte paid Question Completion Status: >>>Present the journal entrie REQUIRED 2: 2. In 2018, Blevins Company purchased two investments are as follows The investee companies are Cobamet Company and Finco, Inc. Facts about both investments Investee Holding #of shares Held Cost/share FV/share at 12/31 Income of Investee Finco Cobamet 35% 10% 30.000 10.000 $20 $37 $19.50 $44.00 $160.000 $466,000 In addition, Cobamet paid $50,000 in total cash dividends in 2018 Finco paid a 585 715 total cash dividend in 2018 >>>Prepare ALL 2018 required journal entries for both investments on the books of Blevins Company REQUIRED 3: 3. Staples Company purchased bonds with a total face value $1,000,000 from Webster Company on March 1, 2019 at 100 (quote) The bonds are 7% $1.000 bonds and pay interest every March 1 The bonds are a trading security on Staples books On December 31, the bonds are reported on the balance sheet of Staples as an investment. The fair value of the bonds reflects that they have a 104 quote at December 31, 2019 December 31 is fiscal year-end >>>Present the journal entries required by Staples Company in 2019 relating to the investment in the bonds TT TT Paragraph Anal 3120 - E Step by Step Solution
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