User Account

All Pages

At what value should Axion report the investment

Assignment Help Accounting Basics
Reference no: EM132884717

Question - On January 17, 2021, Chase Company acquired 3,000 shares (or 5%) of Axion Company's common stock at $30 per share. The securities are classified as investments available for sale. On October 24, 2021, Axion declared and paid a cash dividend of $3 per share. On December 31, 2021, the market value of Axion's common stock was $32 per share and Axion's net income is $300,000. At what value should Axion report the investment in common stock on its December 31, 2021 balance sheet?

a. $96,000

b. $81,000

c. $90,000

d. $99,000

Reference no: EM132884717

Questions Cloud

How survey research has been used to support : Survey research has become an important component. How survey research has been used to support and analyze policy decisions by Criminal Justice administrators.
What is the net present value for the press : Los Gatos Shop is considering the purchase of a used wide-format printer costing $9,600. What is the net present value for the press
Discuss effect of digital-social and mobile media : Discuss the effect of digital, social, and mobile media on the way teachers will teach in the future.
What is the EAR : Question - What is the EAR for a $100 loan when the interest is computed monthly and the started annual interest rate is 7 percent
At what value should Axion report the investment : Axion's net income is $300,000. At what value should Axion report the investment in common stock on its December 31, 2021 balance sheet
Promote acceptance and diversity in early childhood settings : Explain why it is important for the early childhood professional in this scenario to promote acceptance and diversity in early childhood settings.
Write brief description of manufacturing business : Write a brief description of a manufacturing business. Explain how the four factors of production are needed in this business.
Job descriptions and job specifications : Why is it important to have an accurate and well-written job descriptions and job specifications when recruiting job applicants?
Factors of production : Draw a table that summarizes the factor of production. The table must include the alternate names for each factor of production,

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd