X and y each have capital balances of 100000 and share net

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Yaro Company owns 30% of the common stock of Dew Co. and uses the equity method to account for the investment. During 200X, Dew reported income of $250,000 and paid dividends of $80,000. There is no amortization associated with the investment. During 200X, how much income should Yaro recognize related to this investment?

Selig Corporation acquired 100% of Maree Corporation for $1,400,000 cash in a transaction to be accounted for as a merger. The net assets had a book value $1,150,000. The net assets had a fair market value of $1,300,000. How much goodwill (if any?) will be recorded in this transaction?

On January 2, 200X, Heinreich Co. paid $500,000 for the voting common stock of Jones Corp. At the time of the investment, Jones had net assets with a book value and fair value of $540,000. What is the amount of goodwill that would result from this transaction?

X and Y each have capital balances of $100,000 and share net income 50:50. Z joins the partnership. Z purchases an interest in the partnership by paying X $40,000 for half of his partnership interest. What will the balance be in Z's capital account after he is admitted into the partnership?

Reference no: EM13578223

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