What is our journal entryies
Course:- Financial Accounting
Reference No.:- EM131146339

Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Financial Accounting

1. Let's assume you own 40% of another company. That other company has net income of $100,000 and pays out total dividends of $80,000.

What is our journal entry(ies)?

2. So assume we own 10% of another company. That company has net income of 80,000 ans makes dividend distributions of 50,000.

What is our journal entry(ies)?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Financial Accounting) Materials
Mike's manufactures bikes and has two departments, production department and testing department. This problem focuses on the production department. The process-costing system
The Waikiki enterprise corp. produces 2 types of computers at its manufacturing plant in CA. Profit on computer A is $900 per unit and for computer B it is $600. The manufactu
Pilot Corporation purchased land for $480,000. Later in the year, the company sold land with a book value of $288,000 for $328,000. How are the effects of these transactions
Some people believe that information technology has made enterprise internal control systems more difficult to design and use. Others believe that information technology has
Several years ago, a parent company acquired all of the outstanding common stock of its subsidiary for a purchase price of $275,000. On the acquisition date, this purchase pri
Bridgeport Home Improvement Company installs replacement siding, windows, and louvered glass doors for single-family homes and condominium complexes. The company is in the pro
In 1777, Jacob DeHaven loaned George Washington's Army $450,000 in gold and supplies. Due to a disagreement over the method of repayment 9gold vs. Continental money), DeHave
The following information is available for ABC Corporation at 12/31/14 regarding its investments in stocks of other companies. Prepare the adjusting entry (if any) for 2014, a