Reference no: EM13866646
1. Dior Manufacturing purchased 100% of Venus, Inc. common stock for $900,000 when Venus had stockholders' equity consisting of $400,000 of common stock and $300,000 of retained earnings. In the consolidated balance sheet, Dior's investment in Venus will be shown at:
$0.
$900,000.
$700,000.
$100,000.
2. Under the equity method of accounting, the investment in common stock is initially recorded at cost and the investment account is subsequently:
credited for cash dividends received and debited for the investor's share of investee net income.
debited for the investor's share of investee net income.
debited for cash dividends received and credited for the investor's share of investee net income.
credited for cash dividends received.
3. Common Stock Dividends Distributable is reported in the balance sheet:
as an asset.
as an addition to retained earnings.
in paid-in capital as an addition to common stock issued.
as a liability.
Retire a bond before maturity
: On 6/30/12, a company paid $106,000 to retire a bond before maturity. The company recorded a $6,000 loss as part of the transaction. Which of the following must be true regarding this transaction?
|
Price-earnings ratio
: A company has a market value per share of $ 72.60. Its net income is $ 5,720,000 and the weighted-average number of shares outstanding is 520,000. The company's price-earnings ratio is equal to
|
Bonds have an annual coupon interest
: ?Doisneau 16-year bonds have an annual coupon interest of 11 percent, make interest payments on a semiannual basis, and have a $1,000 par value. If the bonds are trading with a market's required yield to maturity of 16 percent, are these premium or d..
|
Budget variance analysis using the budget variance worksheet
: Specifically, the following critical elements must be addressed when performing the Budget Variance Analysis using the budget variance worksheet. The actual quantity of material used was 31,000 with an actual cost of $7.75 per unit. The actual labor ..
|
Under the equity method of accounting
: Under the equity method of accounting, the investment in common stock is initially recorded at cost and the investment account is subsequently: Common Stock Dividends Distributable is reported in the balance sheet:
|
What is the break-even point for each machine
: Zoe Garica is the manager of a small office support business that supplies copying , binding, and other services for local companies. zoe must replace a worn-out copy machine that is used for black and white copying. What is the break-even point for ..
|
What is the ending inventory under fifo-lifo
: Zoey & Roxy Company began the accounting period with inventory of 3,500 units at USD 25 each. During the period, the company purchased an additional 4,000 units at USD 26 each and sold 3,600 units. Assume the use of periodic inventory procedure, what..
|
What is the amount paid-what is the purchase discount
: HW Incorporated purchased merchandise for USD 22,000 on account; terms are 2/10, n/30. If USD 2,000 of the merchandise was returned and the remaining amount due was paid within the discount period, what is the amount paid? What is the purchase discou..
|
What is the amount of sales tax payable
: Buttercup Company records its sales taxes in the same account as sales revenues. The sales tax rate is 6.35 percent. At the December 31, the Sales account has a balance of USD 863,000. What is the amount of sales tax payable?
|