What is balance of fred investment

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Reference no: EM132215308

Questions -

Q1. Fred owns 25% of Eaton and at January 1, 2013 has a balance in its investment account of $40,000. In 2013 Eaton reports a net loss of $200,000.

a. What is balance of Fred's Investment in Eaton at December 31, 2013?

b. How much will Eaton need to earn in 2014 before Fred can return to using the equity method.

Q2. Regency owns 5% of Marriott. On October 1, 2012 Regency acquires an additional 25% of Marriott bringing its ownership percentage up to 30%. From January 1 - September 30, 2012 Marriott earns $100,000. From October 1, December 31 2012 Marriott earns $40,000. What is the total income reported by Regency in 2012.

Reference no: EM132215308

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