Business, 13.08.2019 01:30, cubist7472

On july 1, 1992, denver corp. purchased 3,000 shares of eagle co.'s 10,000 outstanding shares of common stock for $20 per share. on december 15, 1992, eagle paid $40,000 in dividends to its common stockholders. eagle's net income for the year ended december 31, 1992, was $120,000, earned evenly throughout the year. in its 1992 income statement, what amount of income from this investment should denver report?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 18:10, Annabeans1105

Grace period is a period of time before the credit card company starts charging late fees. truefalse

Answers: 1

continue

Business, 22.06.2019 19:30, brianna218208

He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31

Answers: 2

continue

Business, 22.06.2019 21:30, dondre54

The year-end financial statements of calloway company contained the following elements and corresponding amounts: assets = $34,000; liabilities = ? ; common stock = $6,400; revenue = $13,800; dividends = $1,450; beginning retained earnings = $4,450; ending retained earnings = $8,400. based on this information, the amount of expenses on calloway's income statement was

Answers: 1

continue

Business, 22.06.2019 23:30, SmolBeanPotato

Shelby bought her dream car, a 1966 red convertible mustang, with a loan from her credit union. if shelby paid 5.1% and the bank earned a real rate of return of 3.5%, what was the inflation rate over the life of the loan?

Answers: 2

continue

Do you know the correct answer?

On july 1, 1992, denver corp. purchased 3,000 shares of eagle co.'s 10,000 outstanding shares of com...