Investment in associate-equity method

Assignment Help Advanced Statistics

Reference no: EM13115195

On January 1, 2008, Jonsey Corporation purchased 30% of the common stock outstanding of Karsen Corporation for $200,000. During 2008, Karsen Corporation reported net income of $80,000 and paid cash dividends of $40,000. The balance of the Stock Investments-Karsen account on the books of Jonsey Corporation at December 31, 2008 is

a. $200,000.

b. $240,000.

c. $280,000.

d. $212,000.

Reference no: EM13115195

Questions Cloud

What is the relationship between the annelids, arthropods : which phylum (named group at the end of a branch) is the most ancient or basal of all animals?

Determine the point estimate for estimating proportion : A random sample of 4000 U.S. citizens yielded 2190 who are in favor of gun control legislation. Find the point estimate for estimating the proportion of all Americans who are in favor of gun control legislation.

Determining cost accounting-ethics : Famer Frank's produces items from local farm products and distributes them to supermarkets. Over the years, price competition has become increasingly important, so Susan Kramer, the company's controller, is planning to implement a standard cost sy..

What is the mass in grams of solid sulfur : what is the mass in grams of solid sulfur,S8 required to produce 25.50g of Cu2S(s) according to the balanced equation.

Investment in associate-equity method : On January 1, 2008, Jonsey Corporation purchased 30% of the common stock outstanding of Karsen Corporation for $200,000. During 2008, Karsen Corporation reported net income of $80,000 and paid cash dividends of $40,000.

Descriptive statistics-graphic displays-salt tasee indices : Obtain descriptive statistics and graphic displays for these salt taste indices. Do the indices appear to be normally distributed? Why or why not?

Explain marketers use segmentation bases, : Explain Marketers use segmentation bases, or variables, which are characteristics of individuals, groups, or organizations, to divide a total market into segments.

How much of the excess reactant is used in the reaction : What mass of Fe will form when 63.0g of CO reacts with 145g of Fe2O3 according to the following equation? 3CO+Fe2O3->2Fe+3CO2.

Determining the cost of capital of kubrick company : If the risk-free rate is 6% and the equity risk premium is 5%, calculate the cost of capital for the two firms and the combined firm. Assuming the value drivers remain constant(and revenues are simply combined), what would be the value of the comb..

User Account

All Pages