User Account

All Pages

What is the balance of the investment account

Assignment Help Accounting Basics
Reference no: EM133140062

Question - On April 1, 20x1, ABC Company acquired as a long-term investment a 20% ordinary share interest in DEF Company. ABC paid 7,000,000 for this investment. For the year ended December 31, 20x1, the investee reported net income of P4,000,000 and declared and paid cash dividends of P1,600,000. What is the balance of the investment account at year end?

Reference no: EM133140062

Questions Cloud

Advocating centralized management of IT function : An article advocating centralized management of the IT function. An article advocating user-dominated management of IT.
What do the managers learn from the cash budget : Half of the $438,000 in sales from last quarter will be collected during Q2. What do the managers learn from the cash budget for Q2
Calculate gregs net capital gain : Calculate Gregs Net Capital Gain or Loss. If the 50% discount applies, please state that this is the case and apply it without going into details
Compute the consolidated net income attributable to parent : Goodwill impairment attributable to the controlling interest is P13,500. Compute the consolidated net income attributable to the parent
What is the balance of the investment account : The investee reported net income of P4,000,000 and declared and paid cash dividends of P1,600,000. What is the balance of the investment account at year end
Encouraged to report suspicious occurrences : Discuss what role end-users typically play in incident reporting? Should end users be encouraged to report suspicious occurrences?
What is the consolidated cost of sales : As of December 31, 2018, 60% of the year's shipment is not yet paid by Tala. What is the consolidated cost of sales
Describe how organizations can mitigate these risks : Explain some of the security risks associated with VPNs. Describe how organizations can mitigate these risks.
Calculate basic earnings per share of common stock : Calculate basic EPS - Net income was $323,500 for the year. Calculate basic earnings per share of common stock for the year

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