User Account

All Pages

How much income should gaw recognize on this investment

Assignment Help Accounting Basics
Reference no: EM131794079

Question - Gaw Company owns 15% of the common stock of Teal Corporation and used the fair-value method to account for this investment. Teal reported net income of $110,000 for 2002 and paid dividends of $60,000 on October 1, 2002. How much income should Gaw recognize on this investment in 2002?

A) $16,500

B) $9,000

C) $25,500

D) $7,500

E) $50,000

Reference no: EM131794079

Questions Cloud

Find the adjacency matrix adj and the data matrix data : Find the adjacency matrix adj and the data matrix data for the given digraph.
Compelling vision for organizational innovation revival : Create a persuasive video of your compelling vision for organizational innovation revival within the organization.
Determine the selling price of the bonds : Mallard Inc. manufactures cycling equipment. As the controller of the company, determine the selling price of the bonds
Describing your topic proposal problem statement : Select your topic problem statement. Prepare a one-page summary (double-spaced) describing your topic proposal problem statement.
How much income should gaw recognize on this investment : Teal reported net income of $110,000 for 2002 and paid dividends of $60,000 on October 1, 2002. How much income should Gaw recognize on this investment in 2002
What is the required rate of return on the portfolio : If the current risk-free rate of return is 3% and the return on an average risk security, r(m), is 7%, what is the required rate of return on the portfolio?
Compute the cost of ending inventory based on fifo method : Refer to the above data. Compute the cost of the ending inventory based on the FIFO method of inventory valuation.
Why revenue is often recognized as earned at time of sale : Explain and justify why revenue is often recognized as earned at the time of sale
Discuss what is the allocated overhead costs for the repair : What is the allocated overhead costs for the Repair & Maintenance center for Decoder A

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