Business, 18.03.2021 01:40, brooklynpage5283

Equity Method On January 2, 2011, Winstead & Company purchased 1,100,000 shares of the Secrest Company for $32.0 million. The investment represented 40 percent of the outstanding common shares of The Secrest Company. During 2011, Secrest reported net earnings of $1.05 per share and paid a cash dividend of $0.35 per share. During 2012, Secrest reported net earnings of $1.5 per share and paid a cash dividend of $0.4 per share. Calculate the book value of Winstead's investment in Secrest as of December 31, 2011, and December 31, 2012.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:20, larry2929

The 2016 financial statements of the new york times company reveal average shareholders’ equity attributable to controlling interest of $837,283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to the new york times company of $29,068 thousand, and average net operating assets of $354,414 thousand. the company's return on net operating assets (rnoa) for the year is: select one: a. 3.5% b. 6.9% c. 13.6% d. 18.7% e. there is not enough information to calculate the ratio.

Answers: 1

continue

Business, 22.06.2019 05:00, grangian06

Personal financial planning is the process of creating and achieving financial goals? true or false

Answers: 1

continue

Business, 22.06.2019 11:20, andrea1704

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Answers: 3

continue

Business, 22.06.2019 11:30, fjjjjczar8890

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

Answers: 2

continue

Do you know the correct answer?

Equity Method On January 2, 2011, Winstead & Company purchased 1,100,000 shares of the Secrest C...