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Evan Company reports net income of $231,000 each year and declares an annual cash dividend of $140,000. The company holds net assets of $1,910,000 on January 1, 2014. On that date, Shalina purchases 40 percent of the outstanding stock for $945,000, which gives it the ability to significantly influence Evan. At the purchase date, the excess of Shalinas cost over its proportionate share of Evans book value was assigned to goodwill. On December 31, 2016, what is the Investment in Evan Company balance (equity method) in Shalinas financial records?
a cash budget by quarters for the carney company is given below note that some data are missing. missing data amounts
Discuss the reasons for Yahoo's proposed acquisition of Tumbler. Has it been successful? How much will Yahoo receive from the IPO of Alibaba?
university printers has two service departments maintenance and personnel and two operating departments printing and
the stock of company xyz is currently price at 80 per share. its earnings this year t0 are 4.00 per share. it has paid
A company has 20,000 shares of $12 par common stock outstanding. Present entries to record the following:
assume that you have won the publishers clearing house sweepsteaks. when you are contacted about your winnings you are
mathews and company has 112000 in an accrued payroll account. the companys weekly payroll is 186700 and the accrual
b-mart sells 5000 of blue jeans. the customer later tells b-mart that 200 of them are defective. the sale of the 5000
Calculate the amount of freight-in reported byJackson Company during 2007. Do not use decimals in your answer.
what potential risks must be evaluated during an information system audit?what control procedures should be used to
Orange Cable TV Company, an accrual basis taxpayer, allows its customers to pay by the year in advance ($350 per year), or two years in advance ($680). In September 2009, the company collected the following amounts applicable to future services:
a company with a break-even point at 900000 in sales revenue and had fixed costs of 225000. when actual sales were
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