User Account

All Pages

What is the book value of robin investment in nest

Assignment Help Accounting Basics
Reference no: EM132140676

Question - Robin Corporation purchased 150,000 previously unissued shares of Nest Company's $10 par value common stock directly from Nest for $3,400,000. Nest's stockholder's equity immediately before the investment by Robin consisted of $3,000,000 of capital stock and $2,600,000 in retained earnings. What is the book value of Robin's investment in Nest?

a) $1,500,000.

b) $1,680,000.

c) $2,800,000.

d) $3,000,000.

Reference no: EM132140676

Questions Cloud

How are their economic systems classified : What are some of the components of these cultures that you need to understand from a business standpoint?
What price will you charge for widgets : What price will you charge for your widgets following the discovery of the input and its subsequent use in production?
What must next year revenue : Assuming a tax rate of 36%, what must next year's revenue be in order for X Company to earn after-tax profits of $25,000
How union pacific will be affected by these external factors : Perform an analysis of the social/demographic, technological, economic, environmental/geographic, and political/legal/governmental segments.
What is the book value of robin investment in nest : Nest's stockholder's equity immediately before the investment by Robin consisted of $3,000,000, What is the book value of Robin's investment in Nest
Response to various shocks to the economy : What happens if wages and prices adjust very quickly in response to various shocks to the economy?
Provide an overview of what a manufacturing process is : Provide an overview of what a manufacturing process is and how it is organized.
What is president trump position on the tpp : What possible impact could this event have on global trade? Provide a credible citation. What is President Trump's position on the TPP? Citation?
How the amounts related to accounts receivable : Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for 2014

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