Rich, Inc. acquired 30% of Doane Corporation's voting stock on January 1, 2021 for $1,000,000. During 2021, Doane earned $400,000 and paid dividends of $250,000. Rich's 30% interest in Doane gives Rich the ability to exercise significant influence over Doane's operating and financial policies. During 2022, Doane earned $500,000 and paid cash dividends of $150,000 on April 1 and $150,000 on October 1. On July 1, 2022, Rich sold half of its stock in Doane for $660,000 cash. What should the gain be on sale of this investment in Rich's 2022 income statement
Answers: 2
Business, 22.06.2019 20:10, janayflowers042
Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken
Answers: 2
Business, 23.06.2019 10:30, twistedhyperboles
Usually, government officials make the decisions on the best ways to spend public money true or false
Answers: 1
Business, 24.06.2019 01:00, raulriquelmef6p0947w
In some areas, entrepreneurs can take advantage of where they can lease low-cost office space and have access to office equipment and answering services. question 5 options: hotel lobbies business incubators coffee shops college libraries.
Answers: 3
Business, 24.06.2019 04:00, rockabillyEli689
Firm x is producing 1000 units, selling them at $15 each. variable costs are $3 per unit and the firm is making an accounting profit of $3000. what is the firm's fixed costs? a. $9,000 b. $10,000 c. $11,000 d. $12,000
Answers: 2
Rich, Inc. acquired 30% of Doane Corporation's voting stock on January 1, 2021 for $1,000,000. Durin...
English, 14.04.2021 17:20
Mathematics, 14.04.2021 17:20
Health, 14.04.2021 17:20
Mathematics, 14.04.2021 17:20
English, 14.04.2021 17:20
Mathematics, 14.04.2021 17:20