Please help me answer this with complete solutions. ASAP COMPTE FOR YOUR CARRYING AMOUNTFOR THE YEAR ENDED 2022MAB Company acquires 32% equity interest from BAMCompany on January 1, 2020 for P980, 000. OnDecember 30, 2020 BAM Company reported a P 680,000 profit and declared a dividends P 420, 000.December 30, 2021Reported profit P 500, 000Declared a dividends of P 180, 000December 30, 2022Reported losses P980, 000Declared dividends of P 320, 000O 1 063 400#O 1 165 800O € 749 800ОроO NONE OF THE ABOVE*

A corporation that invests in another corporation earns money by getting dividends or growing the…

Answered: MAB Company acquires 32% equity…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 20E

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Income Statement, Lower Portion Cunningham Company reports a retained earnings balance of 365,200 at the beginning of 2019. For the year ended December 31, 2019, the company reports pretax income from continuing operations of 150,500. The following information is also available pertaining to 2019: 1. The company declared and paid a 0.72 cash dividend per share on the 30,000 shares of common stock that were outstanding the entire year. 2. The company incurred a pretax 21,000 loss as a result of an earthquake, which is not unusual for the area. This is included in the 150,500 income from continuing operations. 3. The company sold Division P (a component of the company) in May. From January through May, Division P had incurred a pretax loss from operations of 33,000. A pretax gain of 15,000 was recognized on the sale of Division P. Required: Assuming that all the pretax items are subject to a 30% income tax rate: 1. Complete the lower portion of Cunningham's 2019 income statement beginning with Pretax Income from Continuing Operations. Include any related note to the financial statements. 2. Prepare an accompanying retained earnings statement.
COMPUTE FOR YOUR CARRYING AMOUNT FOR THE YEAR ENDED 2021 * MAB Company acquires 23% equity interest from BAM Company on January 1, 2020 for P340, 000. On December 30, 2020 BAM Company reported a P 530, 000 profit and declared a dividends P 220, 000. December 30, 2021 Reported losses P 250, 000 Declared a dividends of P 120, 000 December 30, 2022 Reported losses P120, 000 Declared dividends of P 70, 000
COMPUTE FOR YOUR CARRYING AMOUNT FOR THE YEAR ENDED 2020 * MAB Company acquires 45% equity interest from BAM Company on January 1, 2020 for P 860, 000. On December 30, 2020 BAM Company reported a P 940, 000 losses and declared a dividends P 200, 000. December 30, 2021 • Reported profit P 180, 000 Declared a dividends of P 120, 000 December 30, 2022 Reported losses P 120, 000 Declared dividends of P 80, 000
Please help me answer this with compl Solution. Thank you
Please answer with complete solutions.
On January 1, 2019, Lallo Company
Please compute with a complete solutions for both question. Need ASAP
Please help me answer this with a complete solutions. ASAP
On 1/1/2019 P Company acquired 70% of S company for 400000 JD. On 31/12/2019 S company reported net income 43000 JD and declared dividends 13000 JD. Positive differences is 35000 JD relating to assets with 5 years life. Using the complete equity method, compute investment balance on 31/12/2019. Select one: a. 370600 b. 369200 C. 367800 d. 366400
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Alexis Company bought the shares of Gabriel Company classified as equity Investments at fair value through other comprehensive income, as follows:April 17,2019 1,000 shares at P84July 16, 2019 2,000 shares at P90Market value per share of Gabriel Company shares at December 31, 2019 was P92. The following were the transactions for 2020: January 10 Received cash dividend at P4 per shareJune 20 Received 5% bonus issueDecember 10 Sold 1,200 shares at P105 per share1. How much is the total dividend revenue for the year 2020? a. P0 b. P12,000 c. P13,800 d. P25,800 2. How much is the gain on the sale of the shares on December 10? a. P15,600 b. P18,000 c. P20,857 d. P25,200
company's accounting year ends December 31. Date of Acquisition Cost 9/20/23 $38,000 10/2/23 14,000 Investment Colt Company stock Dana Company stock What amount is reported for gain or loss on these securities in 2023 income? Select one: O a. $800 loss O Fair Value 12/31/23 Date Sold Selling Price $37,000 2/10/24 $42,000 14,200 1/17/24 13,000 b. $1,000 loss c. No gain or loss d. $3,000 gain ہے

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