Business, 05.05.2020 06:35, Mimidj9279

On January 3, 2019, Sheppard Corporation purchased 25% of Meredith Corporation's common stock for $ 61 comma 000. The net asset's book value is equal to the fair market value. Meredith's net income for the years ended December 31, 2019 and 2020 were $18,000 and $56,000 respectively. Meredith declared no dividends during 2019; however, during 2020, the company declared a $70,000 dividend. On December 31, 2019, the fair value of Meredith's stock that Sheppard Corporation owned had increased to $ 73 comma 000; in 2020, it increased again to $ 77 comma 000. What would be the balance in the investment account as of December 31, 2019?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 16:50, michellemunoz250

Malcolm has several receipts from recent transactions that he entered in his records. the receipts include an atm receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00 when he finishes entering his transactions, malcolm realizes that his balance is incorrect. assuming that malcolm had no beginning balance, what should his correct balance be?

Answers: 1

continue

Business, 22.06.2019 04:00, tomboyswagge2887

The simple interest in a loan of $200 at 10 percent interest per year is

Answers: 2

continue

Business, 22.06.2019 04:30, stressedmolly8387

Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income ax this year

Answers: 1

continue

Business, 22.06.2019 17:30, samanthaepperson

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?

Answers: 1

continue

Do you know the correct answer?

On January 3, 2019, Sheppard Corporation purchased 25% of Meredith Corporation's common stock for $...