{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T06:06:40-04:00", "answer_date": "2024-05-29 06:06:40", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1879002", "url": "\/study-help\/questions\/this-quest-heritage-ltd-was-organized-on-january-2-2022-1879002", "question_creation_date_js": "2024-05-29T06:06:40-04:00", "question_creation_date": "May 29, 2024 06:06 AM", "meta_title": "[Solved] This quest Heritage Ltd. was organized on | SolutionInn", "meta_description": "Answer of - This quest Heritage Ltd. was organized on January 2, 2022. The following investment transactions and events oc followi | SolutionInn", "meta_keywords": "quest,heritage,ltd,organized,january,2,2022,investment,transactions,events,oc,months", "question_title_h1": " This quest Heritage Ltd. was organized on January 2, 2022. The following investment transactions and events oc following months Jan. 5, 2022 Heritage paid", "question_title": " This quest Heritage Ltd. was organized on January 2, 2022. The", "question_title_for_js_snippet": "This quest Heritage Ltd was organized on January 2, 2022 The following investment transactions and events oc following months Jan 5, 2022 Heritage paid $40,000 for 10,000 shares (5 ) of Dream Co 's outstanding Jun 10, 2022 Dec 31, 2022 shares Heritage will account for this investment with the FVTPL method Dream Co declared a total cash dividend of $90,000 Dream Co announced that its profits for 2020 was $530,000 The fair value of the shares was $6 per share Feb 9, 2023 Heritage sold all of its investment in Dream Co for $52,000 Required Record the required journal entries for Heritage Ltd based on the above events Totion", "question_description": "\"image", "transcribed_text": "This quest Heritage Ltd. was organized on January 2, 2022. The following investment transactions and events oc following months Jan. 5, 2022 Heritage paid $40,000 for 10,000 shares (5%) of Dream Co.'s outstanding Jun. 10, 2022 Dec. 31, 2022 shares. Heritage will account for this investment with the FVTPL method. Dream Co. declared a total cash dividend of $90,000 Dream Co. announced that its profits for 2020 was $530,000. The fair value of the shares was $6 per share Feb. 9, 2023 Heritage sold all of its investment in Dream Co. for $52,000 Required Record the required journal entries for Heritage Ltd. based on the above events. Totion", "related_book": { "title": "Financial Accounting An Integrated Statements Approach", "isbn": "324312113, 978-0324312119", "edition": "2nd Edition", "authors": "Jonathan E. Duchac, James M. Reeve, Carl S. Warren", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/126.jpg", "uri": "\/textbooks\/financial-accounting-an-integrated-statements-approach-2nd-edition-126", "see_more_uri": "" }, "free_related_book": { "isbn": "3030845370", "uri": "\/textbooks\/modern-indices-for-international-economic-diplomacy-1st-edition-978-3030845377-251164", "name": "Modern Indices For International Economic Diplomacy", "edition": "1st Edition" }, "question_posted": "2024-05-29 06:06:40", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/statistics-for-engineering-and-the-sciences\/according-to-electronic-designs-2012-engineering-salary-survey-the-mean-base-salary-865556", "description": "According to Electronic Designs 2012 Engineering Salary Survey, the mean base salary of a software engineering manager is $126,417the highest mean among all types of engineers. 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