User Account

All Pages

On january 1 dyer co acquired as a long-term investment a

Assignment Help Accounting Basics
Reference no: EM13486030

On January 1, Dyer Co. acquired as a long-term investment a 20% common stock interest in Eason Co. Dyer paid $700,000 for this investment when the fair value and carrying amount of Eason's net assets was $3.5 million. Dyer can exercise significant influence over Eason's operating and financial policies. For the year ended December 31, Eason reported net income of $400,000 and declared and paid cash dividends of $160,000. How much revenue from this investment should Dyer report the year?

Reference no: EM13486030

Questions Cloud

When the actual overhead costs exceed the amount applied : 1causes for the difference between applied and actual overhead costs do not include?a different number of workdays in
At the end of year 1 lane co held trading securities that : at the end of year 1 lane co. held trading securities that cost 86000 and had a year-end market value of 92000. during
On july 1 year 1 cody co paid 1198000 for 10 20-year bonds : on july 1 year 1 cody co. paid 1198000 for 10 20-year bonds with a face amount of 1 million. interest is paid on
Consider a bank with the following balance sheet what is : consider a bank with the following balance sheetassets millionsliabilities millionsreserves35zero-interest
On january 1 dyer co acquired as a long-term investment a : on january 1 dyer co. acquired as a long-term investment a 20 common stock interest in eason co. dyer paid 700000 for
If beginning and ending goods in process inventories are : if beginning and ending goods in process inventories are 5500 and 15500 respectively and cost of goods manufactured is
An automobile company nissan has a temporary cash surplus : an automobile company nissan has a temporary cash surplus and lends its funds overnight through a repurchase agreement
What would you pay for an annuity of 2000 paid every six : what would you pay for an annuity of 2000 paid every six months for 12 years if you could invest your money elsewhere
What behavioral problems are associated with setting a : what behavioral problems are associated with setting a budget too loosely? what behavioral problems are associated with

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amount report as extraordinary losses

Fleming Company has the following items: write-down of inventories, $240,000; loss on disposal of Sports Division, $370,000; and loss due to an expropriation, $226,000. Ignoring income taxes, what total amount should Fleming Company report as extr..

  Assume that apple has received a special order from a

assume that apple has received a special order from a retailer for 1000 specially outfitted imacs. this is a one-timer

  Implied annual interest rate-inherent in credit terms

Farewell company purchased merchandise with an invoice price of $2000 and credit terms of 2/10, n/30. Assuming a 360 day year, what is the implied annual interest rate inherent in the credit terms?

  Influences of competitors-costs-customers

Major influences of competitors, costs, and customers on pricing decisions are factors of: (a) supply and demand (b) activity-based costing and activity-based management

  What are the major risk factors that you see in this

youve just been hired onto abc company as the corporate controller. abc company is a manufacturing firm that

  Journal entry to record the sale

Equestrain Roads sold $50,000 of goods and accepted the customer's $50,000 10% 1-year note receivable in exchange. Assuming 10% approximates the market rate of return, what would be the debit in this journal entry to record the sale?

  Carrie had actually stolen the promissory note from her

carrie owed charlotte 20000. carrie offered charlotte a promissory note a negotiable instrument worth 200000 upon

  Discuss the main accounting conventions and concepts

Discuss the main accounting conventions and concepts.

  Normal or standard costing

Why do most companies use normal or standard costing? After all, actual costing give the actual cost, so the firm could just wait until it knows what the cost will be.

  Annual payment due on the note

The note requires annual payments of $15,208, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $4,400 and principal repayment of $10,808. The journal entry Hawthorne would record to mak..

  How many ticket packages will george need to sell

How many ticket packages will George need to sell to break even?

  Calculate the cost of goods sold during may

During the month, 6,000 units of product were manufactured and 5,500 units of product were sold. On May 1, George's carried no inventories.

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