Business, 10.09.2019 22:20, Angela122

On january 1, 2016, halstead, inc., purchased 75,000 shares of sedgwick company common stock for $1,521,000, giving halstead 25 percent ownership and the ability to apply significant influence over sedgwick. any excess of cost over book value acquired was attributed solely to goodwill. sedgwick reports net income and dividends as follows. these amounts are assumed to have occurred evenly throughout these years. dividends are declared and paid in the same period. net income annual cash dividends (paid quarterly) 2016 $364,000 $100,000 2017 486,000 134,000 2018 608,000 163,000 on july 1, 2018, halstead sells 14,000 shares of this investment for $25 per share, thus reducing its interest from 25 to 21 percent, but maintaining its significant influence. determine the amounts that would appear on halstead's 2018 income statement relating to its ownership and partial sale of its investment in sedgwick's common stock.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:40, taytay1828

Gyou plan to deposit $1,700 per year for 5 years into a money market account with an annual return of 2%. you plan to make your first deposit one year from today. what amount will be in your account at the end of 5 years? round your answer to the nearest cent. do not round intermediate calculations. $ assume that your deposits will begin today. what amount will be in your account after 5 years? round your answer to the nearest cent. do not round intermediate calculations.

Answers: 2

continue

Business, 22.06.2019 13:50, vegeta8375

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.

Answers: 1

continue

Business, 22.06.2019 17:40, libi052207

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is:

Answers: 1

continue

Business, 22.06.2019 21:30, schneidersamant9242

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money. msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach

Answers: 3

continue

Do you know the correct answer?

On january 1, 2016, halstead, inc., purchased 75,000 shares of sedgwick company common stock for $1,...