FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sunland Company owns 4600 of the 10000 outstanding shares of Oriole Corporation common stock. During 2021, Oriole earns $510000 and pays cash dividends of $156000.

Sunland Company owns 4600 of the 10000 outstanding shares of Oriole Corporation common stock. During 2021, Oriole earns $510000 and pays cash dividends of $156000. If the beginning balance in the investment account was $960000, the balance at December 31, 2021 should be

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting Volume 2

Intermediate Accounting Volume 2

Authors: Thomas Beechy, Joan Conrod, Elizabeth Farrell, Ingrid McLeod-Dick

7th Edition

1259108023, 9781259108020

More Books

Students also viewed these Accounting questions

Question

★★★★★
In the circuit shown in Fig. 2.87, determine vx and the power absorbed by the 12-Ω resistor? 1.2 6 A

Answered: 1 week ago

Question

★★★★★
Wallace Davis purchased 200 shares of Dell stock at $9.50 a share. One year later, he sold the stock for $8.42 a share. He paid his broker a $22 commission when he purchased the stock and a $24...

Answered: 1 week ago

Question

★★★★★
What is the persons job (e.g., professor, student, clinician)?

Answered: 1 week ago

Question

★★★★★
Ultra-Home Corporation provides the following information related to its defined-benefit pension plan for 2014. Pension liability (January 1) .............$ 500,000 Accumulated benefit obligation...

Answered: 1 week ago

Question

★★★★★
Heather Hudson makes stuffed teddy bears. Recent information for her business follows: Selling price per bear Total fixed cost per month Variable cost per bear $ 30.00 1,450.00 17.00 Determine the...

Answered: 1 week ago

Question

★★★★★
Advertising online has the following objectives:Building brand awarenessCreating demandSatisfying demandDriving direct _ _ _ _ _ _ _ _ _ _ _ _ _ and salesGroup of answer...

Answered: 1 week ago

Question

★★★★★
The balance sheet for Quinn Corporation is shown here in market value terms. There are 6,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets $45,500 490,000 Equity $535,500...

Answered: 1 week ago

Question

★★★★★
ZARA, a Spanish fashion giant, has redefined fast fashion. Founded in 1 9 7 5 by Amancio Ortega, ZARA boasts over 2 , 0 0 0 stores in 9 6 countries, a testament to its rapid global expansion. Their...

Answered: 1 week ago

Question

★★★★★
Question 4 (10 points) Listen Base on the video "United Breaks Guitar" by Dave, answer the following questions: Look up on internet and describe what has impact on United Airlines after this song...

Answered: 1 week ago

Question

★★★★★
Analyze the external country market elements of China found in the case. List five solid bullets for each aspect: Political, Economic, Social, Technological

Answered: 1 week ago

Question

★★★★★
What are some elements of your identity that you feel are obvious to other people?

Answered: 1 week ago

Question

★★★★★
Discuss the steps in the development planning process. page 399

Answered: 1 week ago

Question

★★★★★
Identify the cause of a performance problem. page 380

Answered: 1 week ago

Question

★★★★★
Distinguish types of rating errors, and explain how to minimize each in a performance evaluation. page 374

Answered: 1 week ago

Previous Question Next Question