Prepare the journal entry to record the receipt

Assignment Help Accounting Basics
Reference no: EM133032424

Problem - On October 31, Blue Moon received dividends of $0.55 per share from its short-term investment in 1,400 Red Sun Corp. common shares. Blue Moon has no significant influence on Red Sun Corp. Prepare the journal entry to record the receipt of the dividends.

Reference no: EM133032424

Questions Cloud

What amount will Amara report as Cost of Goods Sold : Amara Ltd was founded on 1st January 2019. Amara sells bed frames to customers. What amount will Amara report as Cost of Goods Sold
Write your own allegory : Identify a problem in the US/World that you feel needs solving - explain at least three point- for-point connections between your original issue/dilemma
Prepare a statement of cash flows for calendar : Prepare a statement of cash flows for calendar 2020 that follows the indirect method of calculating the net cash provided (or used) by operating activities
Discuss milestones necessary for progress : Identify a clear, actionable, and measurable financial or economic goal for the organization that clearly supports the mission and vision
Prepare the journal entry to record the receipt : On October 31, Blue Moon received dividends of $0.55 per share from its short-term investment in 1,400. Prepare the journal entry to record the receipt
Explain how Pete has been able to achieve excellent results : Question - COMMON SIZE ANALYSIS - Does this analysis explain how Pete has been able to achieve the excellent results? If so, how? If not, why not
Determine the dollar amount of the total depreciation : Depreciation for the year amounted to $250,000: 30% relates to sales, Determine the dollar amount of the total depreciation
Constitutional law - case review project : Read each scenario on the ensuing pages and relate each situation to a U.S. Supreme Court judicial decision.
Rise of genghis khan and the changes in europe : Look at possible connections between the rise of Genghis Khan and the changes in Europe - describe the effects of the plague

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.

  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!

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