User Account

All Pages

What amount is the balance of investment in pen inc

Assignment Help Accounting Basics
Reference no: EM132878346

Question - Faye Co. owned 20% of Pen Inc.'s preference share capital and 50% of the ordinary share capital. Pen Inc.'s share capital outstanding comprised the following at year-end:

10% cumulative preference share capital - 2,000,000

Ordinary share capital - 7,000,000

Pen Inc. reported net income of $5,000,000 for the current year.

Assuming that the preference share capital of Pen Inc. are non-cumulative and that Pen Inc. paid 1,000,000 cash dividends for the current year. What amount is the balance of Inv45estment in Pen Inc. at the end of the end of the current year?

Reference no: EM132878346

Questions Cloud

Prepare journal entries record the expenditures : Prepare journal entries from 2020 to 2023 to record the expenditures in connection with the patent, including the annual amortization of patent
Cognitive tests and personality assessments : What are your thoughts on using things like cognitive tests and personality assessments as part of the selection process?
What is the breakeven point in units : What is the breakeven point in units and How many doors will need to be sold to make a £31,000 profit - How many doors would need to be sold to breakeven
How can employers reduce risk from discrimination lawsuits : From a risk management viewpoint, how can employers reduce risk from discrimination lawsuits?
What amount is the balance of investment in pen inc : Faye Co. owned 20% of Pen Inc.'s preference share capital and 50% of the ordinary share capital. What amount is the balance of Investment in Pen Inc
Eliminate lot of the time and effort of bid process : Using a short list of pre-approved sellers is one way to eliminate a lot of the time and effort of the bid process.
Compare alternative a with alternative b : Alternative B will have sales of $180,100 and costs of $135,800. Compare alternative A with alternative B showing incremental revenues
Predominantly relationship behavior leadership style : Describe a situation in which a leader with a predominantly relationship behavior leadership style would be better suited.
What are implications of selling out at this juncture : What are the implications of selling out at this juncture? What difficulties do they face as a new entrant?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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