Blanco company purchased 200 of the 1,000 outstanding shares of darby company's common stock for $600,000 on january 2, 2018. during 2016, darby company declared dividends of $100,000 and reported earnings for the year of $400,000.
if blanco company used the fair value method of accounting for its 20% investment in darby company, and its fair value at 12/31/18 is $680,000, the investment (darby) account on december 31, 2018 should be
a. $580,000.
b. $660,000.
c. $600,000.
d. $680,000.
Answers: 1
Business, 22.06.2019 03:00, nyceastcoast
How does having a flexible mind you become a better employee? a. it you become more honest toward work. b. it you become a team player. c. it you learn new things that will better your performance. d. it you to finish your work on time. e. it you reach work on time
Answers: 1
Business, 22.06.2019 20:20, 24jgrove
John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.
Answers: 2
Business, 23.06.2019 02:30, chriscook1466
For the year ended december 31, 2019, davidson mart had sales of $ 550 comma 000 and cost of goods sold of $ 412 comma 500. davidson estimates that approximately 2% of the merchandise sold will be returned. the adjusting journal entry on december 31, 2019, would include a
Answers: 3
Blanco company purchased 200 of the 1,000 outstanding shares of darby company's common stock for $60...
Mathematics, 28.01.2021 22:40
Mathematics, 28.01.2021 22:40
History, 28.01.2021 22:40
Business, 28.01.2021 22:40
Biology, 28.01.2021 22:40
Computers and Technology, 28.01.2021 22:40