Business, 12.03.2021 18:00, guccci8512

On January 1, 2021, Nana Company paid $100,000 for 8,800 shares of Papa Company common stock. The ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Company. Papa reported net income of $58,000 for the year ended December 31, 2021. The fair value of the Papa stock on that date was $48 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:40, stephanie37766

Ail industries uses activity-based costing to assist management in setting prices for the company's three major product lines. the following information is available: activity cost pool estimated overhead expected use of cost driver per activity cutting $1,000,000 25,000 labor hours stitching 8,000,000 320,000 machine hours inspections 2,800,000 160,000 labor hours packing 960,000 64,000 finished goods units compute the activity-based overhead rates. (round answers to 2 decimal places, e. g. 12.25.)

Answers: 2

continue

Business, 22.06.2019 00:30, ummmmmmmmmmmm

What are six resources for you decide which type of business to start and how to start it?

Answers: 3

continue

Business, 22.06.2019 06:20, kingyogii

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58

Answers: 1

continue

Business, 22.06.2019 11:50, chas8495

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.

Answers: 2

continue

Do you know the correct answer?

On January 1, 2021, Nana Company paid $100,000 for 8,800 shares of Papa Company common stock. The ow...