Answer: $1,852,320
Explanation:
First find out the proportion owned by Matsui.
= 74,800 shares / 220,000
= 34%
The investment at the end of the year is:
= Cost of investment + Shares of net income - Share of dividend
Share of income:
= Percentage ownership * Net income
= 34% * 240,000
= $81,600
Share of dividend:
= 34% * 72,000
= $24,480
Investment at end of year:
= 1,795,200 + 81,600 - 24,480
= $1,852,320
Answer:
i dont k but I needed points
Explanation:
sorry
Answer:
B) $300,000.
Explanation:
Since Grade Company cannot exercise any real influence on Medium Company, it cannot value its investment using the equity method and must record its investment at fair market value. This means that the investment account must equal the market value of the 20,000 stocks, which in this case is $300,000. Grade Company should also record dividends received as revenue from investing activities.
Answer:
Cash 2,157 debit
bank service expense 85 debit
account receivables 2,242 credit
Explanation:
To record the bank memorand:
The collection in behalf of the firm will increase cash
The new print the checks will be considered either miscellaneuos expense or bank service expense either way, will decrease cash.
Net cash variation: 2,242 - 85 = 2,157
For the Company errors another entry will be made looking for errors between our numebrs and the bank.
Answer:
to find profit make
%profit =selling price + cost price ÷ cost price