Business, 18.09.2019 22:30, marlandwilliams10

On january 1, 20x4, pony company acquired 25% of stallion company's common stock at underlying book value of $200,000. stallion has 80,000 shares of $10 par value, 6 percent cumulative preferred stock outstanding. no dividends are in arrears. stallion reported net income of $270,000 for 20x4 and paid total dividends of $140,000. pony uses the equity method to account for this investment. based on the preceding information, what amount would pony company receive as dividends from stallion for the year?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:50, Pookaapoo8832

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

Answers: 2

continue

Business, 22.06.2019 11:00, xxaurorabluexx

If the guide wprds on the page are "crochet " and "crossbones", which words would not be on the page. criticize, crocodile, croquet, crouch, crocus.

Answers: 1

continue

Business, 22.06.2019 14:30, lilquanreem8051

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?

Answers: 3

continue

Business, 22.06.2019 19:50, lucky1940

The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.

Answers: 2

continue

Do you know the correct answer?

On january 1, 20x4, pony company acquired 25% of stallion company's common stock at underlying book...