Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
John owns 30% of outstanding stock of Wally and has the ability to significanlty influence the investee's operations and decision making. On Jan 1, 2011, the balance in the investment in Wally account is $335,000. Amortization associated with this acquisistion is $9000 per year. In 2011, Wally earns an income of $90000 and pays cas dividends of $30000. Previously in 2010, Wally had sold inventory costing $24,000 to John for $40000. Russel consumed all but 25% of this merchanidse during 2010 and used the rest during 2011. Wally sold additional inventory costing $28000 to John for $50,000 in 2011. John did not sonsume 40% of these 2011 purchases from Wally until 2012.
a) What amount of equity mehtod income would John recognize in 2011 from its ownership interest in Wally?
b) What is the equity method balance in the Investment in Wally account at the end of 2011?
What was Topps inventory turnover ratio and average days to seel inventory for 2006 and 2005?
in may 2011 french real estate company issued convertible bonds with a total face value of 480 million. each 1000 bond
1. in the income statement of a manufacturing company what replaces purchases in the cost of goods section of a retail
how does global human resource management differ from domestic human resource management?the strategic adaptation
On October 1, 2011, $2,500,000 of these bonds were converted into 35,000 shares of $15 par common stock. Accrued interest was paid in cash at the time of conversion.
Calculate the following variances: Direct manufacturing labor rate variance, Direct manufacturing labor usage variance, Direct materials price variance (how we did it in the chat session), Direct materials usage variance
type your quesa companys current net operating income is 17200 and its average operating assets are 95000. the companys
explain the accounting equation and prepare a table showing the equation and show a list of accounts belonging to each
the gross earnings of the factory workers for vargas company during the month of january are 66000. the employers
in january 2012 the management of stefan company concludes that it has sufficientnbspnbspcash to permit some short-term
the following data in thousands of dollars have been taken from the accounting records of the maroon corporation for
company omega bought new petroleum refining equipment in the year 2000. the purchase cost was 131880 dollars and in
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd