User Account

All Pages

What the Investment account on December

Assignment Help Managerial Accounting
Reference no: EM132926588

Question - Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $600,000 on January 2, 2016. During 2016, Darby Company declared dividends of $100,000 and reported earnings for the year of $400,000.

1. If Blanco Company used the fair value method of accounting for its 20% investment in Darby Company, and its fair value at 12/31/16 is $680,000, the Investment (Darby) account on December 31, 2016 should be

a. $580,000.

b. $660,000.

c. $600,000.

d. $680,000.

2. If Blanco Company uses the equity method of accounting for its 20% investment in Darby Company, its Equity Investment (Darby) account at December 31, 2016 should be

a. $580,000.

b. $600,000.

c. $660,000.

d. $680,000.

Reference no: EM132926588

Questions Cloud

Compute the net investment for this project : A new machine costing $250,000 is expected to save the McKaig Brick Company $14,000 per year. Compute the net investment for this project
Understanding of financial management course : Understanding of Financial Management course, select a company listed in Abu Dhabi Stock Exchange or Dubai Financial Market for your project
What the total depreciation expense : Assuming that the original cost of the power train is P3 million, what the total depreciation expense in 2018
Evaluate the usefulness of market multiple ratios : Evaluate the usefulness of market multiple ratios in company valuation and Estimate the maximum Price which ETO could bid for this new franchise
What the Investment account on December : If Blanco Company used the fair value method of accounting for its 20% investment in Darby Company, the Investment account on December 31, 2016 should be
Prepare an income statement for the year ending December : Prepare an income statement for the year ending December 31, 2018. Assume semiannual compounding of the bond interest
Calculate the percentage increase or decrease : Check to see if JP Morgan Chase pays dividends. Track the dividends over the same two-year period and calculate the percentage increase or decrease
How much revenue should the manager expect : A restaurant has an average check of $48.71. If it forecasts 2,270 customers for next week, how much revenue should the manager expect
Briefly explain the budgeting process : Briefly explain the budgeting process - Prepare a Static Budget variance analysis report (using the static budget given in Table (2)

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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