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Jansen Inc. acquired all of the outstanding common stock of Merriam Co. on January 1, 2010, for $257,000. Annual amortization of $19,000 resulted from this acquisition. Jansen reported net income of $70,000 in 2010 and $50,000 in 2011 and paid $22,000 in dividends each year. Merriam reported net income of $40,000 in 2010 and $47,000 in 2011 and paid $10,000 in dividends each year. What is the Investment in Merriam Co. balance on Jansen's books as of December 31, 2011, if the equity method has been applied?
A. $286,000.
B. $295,000.
C. $276,000.
D. $344,000.
E. $324,000.
the White Sox head groundskeeper, scouted nationwide for dirt before settling on the mix provided by Partac Peat. First time Roger Bossard purchased Partac Peat, it was most likely an example of which type of buying situation?
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Prepare the journal entries necessary in the fund-based and government-wide journals to record each of the following transactions.
Ferderal Semiconductors issued a 11% bonds, date January 1, with a face amount of $800 million on January 1, 2013. The bonds sold for $739,814,813 and mature on December 31, 2032 (20 years).
If this investor believed that by owning the company he could extract &5000 per year in cash from the company in perpetuity, Illustrate what do think the investor would be willing to pay for the firm if the required return on the investment is 10%..
during march the following transactions were completed.march 1- issued common stock for 20000 cashmarch 2- purchased
Superior Company owns 40% of the outstanding stock of Bernard Company. During 2013, Bernard paid a $100,000 cash dividend on its common shares. What effect did this dividend have on Superior’s 2013 financial statements?
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Prepare a schedule the amounts to be recorded as Land, Buildings, and Machinery
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