User Account

All Pages

Spandella company purchased 175000 shares of filington

Assignment Help Cost Accounting
Reference no: EM13969218

On January 4, 2016, Spandella Company purchased 175,000 shares of Filington Company directly from one of the founders for a price of $30 per share. Filington has 500,000 shares outstanding, including the shares acquired by Spandella Company. On July 2, 2016, Filington paid $620,000 in total dividends to its shareholders. On December 31, 2016, Filington reported a net income of $1,050,000 for the year. Spandella uses the equity method in accounting for its investment in Filington.

What is the Journal Entry?

Reference no: EM13969218

Questions Cloud

Describe what you think are the top three social problems : Define and describe what you think are the top three social problems in the United States at the present time.
The traditional waterfall method : The Traditional Waterfall Method/Model has been much maligned. As the online lesson states, it's a VERY common engineering project management approach, and it's also favored by the old-school project managers (the PMI's PMP is built around it). It's ..
Principles of agribusiness finance : 1. Which one of the following entities is considered a legal "person"? 3. Which one of the following best describes the liability a general partner has for the partnership debts?
What leadership qualities did coaches demonstrate to be able : Using Coach Boone or Yoast as an example, identify situations where either man demonstrated the four functions of management (planning, organizing, leading, and controlling).
Spandella company purchased 175000 shares of filington : On January 4, 2016, Spandella Company purchased 175,000 shares of Filington Company directly from one of the founders for a price of $30 per share. Filington has 500,000 shares outstanding, including the shares acquired by Spandella Company. On July ..
What is constructive conflict and relationship conflict : What is constructive conflict and relationship conflict and their differences? How do you apply constructive conflict into relationship conflict?
Write about your opinion about advertisements : Write about your opinion about advertisements in last weekend in Super Bowl from marketing aspects. Do you think they are worhy
What do you feel tangle wood should do if it wants to find : After summarizing the overall results of the staffing system, what do you feel Tangle wood should do if it wants to find good candidates?
Prepare an engineering report for the given abstract : Prepare an engineering report for the following abstract. This report is based on the four tests which were carried out on the laboratory to help gain concepts in Highway Engineering.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

  Prepare a statement of financial position for abc ltd

Prepare a statement of financial position for ABC ltd as at 30 June 2012 to comply with AASB 101 and prepare a statement of changes in equity for ABC ltd for the year ended 30 June 2012, according to the requirements of AASB 101.

  Compute the amount of the annual instalment

Compute the amount of the annual instalment

  How much was in the savings account on her 18th birthday

They also deposited $1,000 on each of her birthdays until she was 18 (including her 18th birthday). How much was in the savings account on her 18th birthday (after the last deposit)?

  1 the cpa invested 200000 cash into his new firm in

1. the cpa invested 200000 cash into his new firm in exchange for 200000 shares of capital stock at 1.00 per share.2.

  Prepare a classified balance sheet - plevin company

Prepare an income statement and an owner's equity statement for the year. Plevin did not make any capital investments during the year and prepare a classified balance sheet at July 31.

  Calculate statement of cash flows

Which of the following ratios would not be affected by the choice of depreciation methods?

  Calculate ending inventory and cost of goods sold

Calculate ending inventory and cost of goods sold at October 31, 2012, using the specific identification method

  Cash sales are normally

Prepare a schedule of cash receipts for September.

  How report-form and account-form balance sheets differ

Prepare a retained earnings statement - prepare a report form of balance sheet, assuming that the current portion of the note payable is $7,000.

  Calculate the after-tax cost of the issue

Calculate the after-tax cost of the issue. What would be the after-tax cost if the debenture were sold at a premium of Rs 30?

  Prepare a direct materials budget

Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. (Input all amounts as positive values.)

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