Business
Business, 25.05.2021 19:40, IsabellaGracie

On January 2, 20X1, Pencil Co. purchased 15 percent of Eraser, Inc.’s outstanding common shares for $500,000. Pencil is the largest single shareholder in Eraser and is able to exercise significant influence over Eraser. Eraser reported net income of $400,000 for 20X1 and paid dividends of $100,000. In its December 31, 20X1, balance sheet, what amount should Pencil report as investment in Eraser?

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 07:00, aljalloh94
Ireally need with these questions.6. what level of job security do athletes and sports competitors have? why do you think this is? 22. do you think a musician has more job security than an athlete? explain.37. what is the difference between a public relations specialist and a marketing professional? 47. do you think gender inequalities still exist in the sports industry? explain.50. what are the advantages and disadvantages of labor unions? do you think labor unions are fair to employers? how might they be taken advantage of?
Answers: 1
image
Business, 22.06.2019 12:30, asseatingbandit
Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis. b)reject the null hypothesis and conclude the mean is higher than $6,000 per day. c)reject the null hypothesis and conclude the mean is lower than $6,000 per day. d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day. expert answer
Answers: 3
image
Business, 22.06.2019 15:30, TerronRice
In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?
Answers: 1
image
Business, 22.06.2019 18:00, tifftiff22
On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?
Answers: 1
Do you know the correct answer?
On January 2, 20X1, Pencil Co. purchased 15 percent of Eraser, Inc.’s outstanding common shares for...

Questions in other subjects:

Konu
Mathematics, 28.05.2021 04:50
Konu
French, 28.05.2021 04:50
Konu
Mathematics, 28.05.2021 04:50