On January 1, 2020, Keith Company paid $96,000 for 8,000 shares of Jerry Company common stock. The ownership in Jerry Company is 20%, this is the only stock investment held by Keith, and Keith Company can exercise significant influence over Jerry Company. Jerry reported net income of $52,000 for the year ended December 31, 2020. Jerry declared and paid dividends of $.50 per share during the year ended December 31, 2020. The stock market price of Jerry stock on December 31, 2020 was $25 per share. 8. What amount will be reported in the 12/31/20 balance sheet of Keith Company for the investment in Jerry at December 31, 2020? a. $96,000 b. $102,400 c. $200,000 d. $202,400

Q: Covid-19 Company reported retained earnings at December 31, 2020, of $400,000. Covid-19 had 200,000…

A: Retained earnings: It is a part of stockholders' equity within which the dividend is reduced by…

Q: Crane Inc. had 37,400 common shares on January 1, 2024. On May 1, 2,880 common shares were…

A: 1. EPS:Earnings per share (EPS) is calculated as a company's profit divided by the outstanding…

Q: On June 30, 2019, when Elmer Inc. shares were selling for $ 65 each, the equity accounts had the…

A: Stock dividend is a method of capitalizing the retained earning. Under this, no profit is…

Q: For the year ended December 31, 2021, Norstar Industries reported net income of $910,000. At January…

A: given that, net income for the year December 31, 2021, = $910000. opening outstanding common shares…

Q: nformation relating to equity investments made in 2022 by Nyota Corporation follows: 1. On January…

A: Investment in Associates and Joint venture and SubsidiaryEquity Accounting method - This method is…

Q: On October 31, 2020, ABC Company declared a dividend of $ 2.00 per share to be paid on November 15,…

A: Liquidating dividend is the dividend which is paid in excess of the company's accumulated…

Q: Cloudy Company has 25,000 shares of $100 par value, 6% cumulative preferred stock and 150,000 shares…

A: Dividend distribution is a method of distributing profit among the company's shareholders. The…

Q: . Li Travel Company reported net income for 2021 in the amount of $900,000. During 2021, Li declared…

A: Earnings per share are the earnings available to each shareholder. The earnings per share are…

Q: On March 20, 2018, Reeder Company acquired 40,000 shares of Needed Industries common stock at $64…

A: Accounting methods are used for recording the investment.

Q: Crane Company had 295000 shares of common stock issued and outstanding at December 31, 2020. During…

A: Earnings per common share means net income or earning attributable for each common shareholder.

Q: On December 31, 2023, the Bennett Company had 110,000 shares of common stock issued and outstanding.…

A: Earnings per share :— It is calculated by dividing net income available to equity shareholders by…

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A: Share refers to the unit that is issued by the company into a market to raise funds by making an…

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A: EARNING PER SHARE   EPS is the monetary value of earning per outstanding Share of Common stock for…

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A: Earning per share = Net income/ Weighted avearge no of outstanding share

Q: tanley Department Stores reported net income of $720,000 for the year ende dditional Information:…

A: Earning per share : Earnings per share(EPS) is a company's net profit divided by nomber of…

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A: The portion of the dividend is based on the portion of holdings. The holding can be calculated by…

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A: A dividend means the amount given to the shareholder of the company as profit distribution by the…

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A: Preferred Dividend         = No. of share x Par value per share x rate of dividend…

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A: Journal EntriesJournal entries are used to record the transactions in the books of accountants.…

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A: Earnings per share (EPS) is a financial ratio used to evaluate the profitability of a company on a…

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A: Basic Earnings Per Share = (Net Income - preferred dividend) / Weighted Average no. of common shares…

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A: Balance Sheet -Both the total assets of the business and their financing method—debt or equity—are…

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A: Earnings per share means how much net income or earnings is attributable to each ordinary or equity…

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Q: Alison Corporation had net income for 2025 of $41,900. Alison Corporation had 18,400 shares of…

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Q: At December 31, 2020, Albrecht Corporation had outstanding 388,000 shares of common stock and 10,000…

A: Given: Particulars Amount Net loss -$2,038,000 Outstanding shares 388000 Preference shares…

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Q: Assume that, on January 1, 2021, Sacramento Corporation paid $1,622,400 for its investment in 62,400…

A:

Q: Heritage Ltd. was organized on January 2, 2020. The following investment transactions and events…

A: Journal Entry is the primary step in recording the transactions in the books of accounts.The…

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A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

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A: Dividend is the amount of profit being distributed to shareholders. It can be cash dividend,…

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A: A journal entry is a record of a firm's business activity that is retained in the company's…

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A: EPS stands for earning per share. A company has two types of EPS i.e basic and diluted. Basic EPS is…

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.