User Account

All Pages

On january 1 2011 nana company paid 100000 for 8100 shares

Assignment Help Accounting Basics
Reference no: EM13602954

On January 1, 2011, Nana Company paid $100,000 for 8,100 shares of Papa Company common stock. These securities were classified as trading securities. The ownership in Papa Company is 10%. Papa reported net income of $58,000 for the year ended December 31, 2011. The fair value of the Papa stock on that date was $60 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2011?

Reference no: EM13602954

Questions Cloud

If the max allowed normal acceleration is equal to 2g where : a race boat is traveling at a constant speed v0 77mph when it performs a turn with a constant radius rho to change its
Based only on the information provided for each scenario : based only on the information provided for each scenario determine whether eddy or scott will benefit more from using
Prepare a scatter diagram for each of these data sets and : prepare a scatter diagram for each of these data sets and then express in words the apparent relationship between the
A bathysphere used for deep-sea exploration has a radius of : a bathysphere used for deep-sea exploration has a radius of 1.50 m and a mass of 1.19 x 104 kg. in order to dive this
On january 1 2011 nana company paid 100000 for 8100 shares : on january 1 2011 nana company paid 100000 for 8100 shares of papa company common stock. these securities were
Simple plant manufactures dna test strips manufacturing : simple plant manufactures dna test strips. manufacturing overhead is applied to units produced using direct labor
Sketch three-dimensional views of the unit cell of a bcc : a sketch three-dimensional views of the unit cell of a b.c.c. crystal showing a 100 plane a 110 plane a 111 plane and a
Dim corporation purchased 1000 shares of witt corporation : dim corporation purchased 1000 shares of witt corporation stock in 2008 for 780 per share and classified the investment
Zhdanov inc forecasts that its free cash flow in the coming : zhdanov inc. forecasts that its free cash flow in the coming year that is at t 1 will be -10 million but its fcf at

Reviews

Write a Review

Accounting Basics Questions & Answers

  Wades outstanding stock consists of 46000 shares of

wades outstanding stock consists of 46000 shares of cumulative 9.00 preferred stock with a 10 par value and also 115000

  Based solely on the above information the net cash provided

the following transactions occurred last year at jowlson companyissuance of shares of the companys own common

  It does not offer any other benefits except those required

a company has a policy of giving pay hikes based on performance. it does not offer any other benefits except those

  The following preadjusted information for the maverick

the following preadjusted information for the maverick company is available on december 31bullaccounts receivable

  Hadley inc makes a line of bathroom accessories because of

hadley inc. makes a line of bathroom accessories. because of a decline in sales the company has 10000 machine hours of

  Haskins and jones attorneys-at-law maintain its books on a

haskins and jones attorneys-at-law maintain its books on a cash basis. during 2013 the company collected 590000 in fees

  What was the net or cash cost for the merchandise

The Tan Company purchased merchandise inventory on account with a list price of $5,000 and credit terms of 1/20, n/45. What was the net or cash cost for the merchandise?

  The information regarding mahen inc is available sales

the information regarding mahen inc. is available sales 1500000 cost of goods sold 900000 operating expenses 450000

  The new tax director has been asked to help calculate the

altidore inc. operates a calendar-year-end business that suffers from dramatic seasonal variation in taxable income.

  1nbspnbspnbspnbspnbsp the following items were among those

1nbspnbspnbspnbspnbsp the following items were among those that were reported on dye co.s income statement for the year

  Explain impact of transaction on other financial statements

The consideration paid to the seller was made entirely by transferring title of Treasury Stock to them? Where else would we see the impact of this transaction on the otherfinancial statements?

  After two weeks the money box appeared to be getting full

flint hills middle school wants to raise money for a new sound system for its auditorium. the primary fund-raising

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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