User Account

All Pages

How much did traynor pay for its investment in victor

Assignment Help Accounting Basics
Reference no: EM131811786

Traynor Corporation reports 40 percent investment in victor company on its December 31, 2017 balance sheet at $14,608,000 . Traynor acquired its investment into victor on January 2 2015 and uses the equity method to account for the investment. Victor's assets and liabilities were fairly stated on January 2, 2015 except of unreported technology (5 year life) of $4million. Victor reported net income of $1.2 million, 1.5 million and 1.4 million and paid dividends of $200000, 250000, and 230000 respectively.

How much did Traynor pay for its investment in victor Company on January 2, 2015?

Reference no: EM131811786

Questions Cloud

Compute the equivalent units of materials : 1. Compute the equivalent units of materials, labor, and overhead in the ending inventory for the month.
Write an essay about brooke gladstone and josh neufeld : Write an essay about Brooke Gladstone and Josh Neufeld, The Influencing Machines and Kevin Kelly, Better than Human: Why Robots Will - and Must- Take Our Jobs.
What is the chance that they all major in accounting : Suppose 30% of business majors major in accounting. You take a random sample of 3 business majors.
What is the balance in work in process inventory on december : The cost of goods manufactured was $220,000 in 2011. What is the balance in work in process inventory on December 31, 2011? $24,000
How much did traynor pay for its investment in victor : How much did Traynor pay for its investment in victor Company on January
Maxima and minima of normal variables : Maxima and minima of normal variables. Calculate the expected values of max (X, Y) and min (X, Y).
Calculate the variable cost per unit : Suppose that Adams Company sells a product for $19. Unit costs are as follows:
What was the balance in work in process inventory account : Following these transactions, June 13: Pay $7,500 of direct factory labor cost, what was the balance in the Work in process inventory account
Describe what it means to be a member of the lost generation : If you were tasked to edit one of the works this week, which work would you choose? What would you want to change about this work, and why?

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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