P acquired 85% of S company. During the year, S reported net income 12000 JD and declared dividends 3000 JD. P uses equity method. The eliminating entry for dividends: Select one: a. Dr. dividends income 2550 Cr. Dividends declared 2550 b. Dr. dividends income 10200 Cr. Dividends declared 10200 c. Dr. Investment 10200 Cr. Dividends declared 10200 d. Dr. Investment 2550 Cr. Dividends declared 2550 e. No entry

Q: Q3: Hebron CO. provided the following partial-trial balance for the current year. Prepare a…

A: Amount($) Sales $    225,400 Less - COGS $    90,100 Gross Profit $   135,300…

Q: MC Qu. 11-109 Mapleleaf Industrles declared a... Mapleleaf Industries declared a $0.90 per share…

A: The cash dividend is paid on the number of outstanding shares.

Q: am. 102.

A: The objective of the question is to understand how the issuance of common stock affects the…

Q: Gender Corporation declared and issued a 6% share dividend on December 1. Prior to the declaration,…

A: Contributed capital is also known as paid in capital, it is the total cash and assets the investors…

Q: An investor purchased 542 shares of common stock, $24 par, for $18,970. Subsequently, 111 shares…

A: A gain/loss is a situation in which the amount of proceeds is more/less than the cost. In the above…

Q: Required: 1. What figure for goodwill on consolidation should appear in the consolidated statement…

A: The consolation is the accounting process in which the financial results of the parent company and…

Q: The following balances were taken from the records of Cullumber Company: Common stock (1/1/20 and…

A: A company's implied value is its projected or perceived value determined by several variables,…

Q: am. 182.

A: Step 1: Calculate Net Income Available to Common StockholdersNet Income: $13,736,000Less: Dividends…

Q: Plug Corporation holds 80 percent of Socket Company's common stock. The following balance sheet data…

A: The basic earning per share can be defined as the earning available to the common shareholder for a…

Q: A corporation using the cost method of accounting for its investment in a 80%–owned investee, which…

A: Cost method of accounting for investment means where the investment is carry at historical cost…

Q: An investor purchased 509 shares of common stock, $25 par, for $19,851. Subsequently, 108 shares…

A: When the sale value of shares is greater than the cost of shares, it results in gain on sale of…

Q: Grey Company will distribute its shares to Summers Company How much is the cost per share of…

A: Dividends: This is the amount of cash distributed to stockholders by a company out its earnings,…

Q: The following information was taken from the accounts of JT Corp at year end: Total income since…

A: Current balance of retained earnings = Total income since incorporation  - Total cash dividends paid…

Q: 3) The Rent It Company declared a dividend of $.60 a share on October 20th to holders of record on…

A: > Given data:> Company dividend shares = 0.60> Company purchased shares = 100

Q: shareholders' equity

A: If the par value of shares has been reduced, the excess in total par value should be credited to…

Q: An investor purchased 690 shares of common stock, $21 par, for $29,670. Subsequently, 102 shares…

A: The treasury stock includes the own shares of the company purchased from the sale of treasury…

Q: Manapat Products Inc. was formed at the beginning of the year. Ordinary share has a P 25 par value.…

A: The question is related to Provide the explaination for the Journal Entries.

Q: An investor purchased 567 shares of common stock, $23 par, for $23,814. Subsequently, 116 shares…

A: Sale proceeds of shares  116 shares*$31 per share 3596 Less: Cost of shares (23814*116)/567 4872…

Q: a. Determine the per-share figure for common stock for income before discontinued operations. Round…

A: a)  Income before discontinued operations = Net income - Gain on discontinued operations =…

Q: Required: Prepare a consolidated statement of changes in equity for the year ended December 31, Year…

A: Consolidation is an activity in which financial statements of a parent and its subsidiary should be…

Q: 5. On January 1, 2021, MNO Company acquired 12,500 of the outstanding common shares of Esther…

A: The question is related Business Combination. The details are as under  Stake of  MNO Comapny in…

Q: The following share dividends were declared and distributed by Wendy Corp.: Percentage of ordinary…

A: Amount debited to retained earnings for share dividend = Total Fair market value of Shares issued

Q: 4. An entity showed the following data: Share capital, par value P50 5,000,000 Share premium 200,000…

A: Share dividend is one of the form of dividend which is being paid to shareholders in the form of…

Q: What is the retained earnings after these Transactions? 1. The begining balance of retained…

A: Lets understand the basics. Retained earning statement is a statement which shows how much amount of…

Q: ne profit. A&B Co. started operations on April 1, 20x1. Mr. A, a partner in A&B Co., is entitled to…

A: Calculation of weighted average capital balance of Mr A : A,s Capital = 1,00,000 ×312 + 79,000 ×312…

Q: The following are selected transactions made by PT Perahu Layar during the year current fiscal. 3…

A: No Journal entry is recorded for stock split as it a corporate action and funds don't move.

Q: What is a Capital Asset?, Holding Period, Calculation of Gain or Loss, Net Capital Losses (LO 4.1,…

A: Capital Assets:-All those assets which individuals held whether associated with business or…

Q: Compute the earnings per share on common stock for the current year as it should be reported to…

A: Earnings per share (EPS) is a financial metric that indicates the amount of a company's net income…

Q: Please prepare fords single step income statement for year ended December 31 2018 i closing EPS.…

A: Earning per share (EPS). It is calculated by dividing Net Income Attributatin to ordinary share by…

Q: investment. During 2008, how much hier ending balance should be for thier ?investment

A: When a corporation acquires another corporation, the accounting treatment of the invested…

Q: On January 6, 20Y8, Bulldog Co. purchased 26% of the outstanding common stock of $119,000. Gator Co.…

A: Req-a       Date Description Debit Credit Jan. 6-Purchase Investment in Gator Co. Stock…

Q: The following data pertains to Traverse Co.'s investments in marketable equity securities: Select…

A: Calculations:     Market value on 12/31/24 $155,000 Cost ($150,000) Unrealized gain on…

Q: Poppy Corporation owns 60 percent of Seed Company's common shares. Balance sheet data for the…

A: Consolidated EPS, taking into account the total group's financial performance, gives investors and…

Q: 15. The income statement of Osborne Company reported net income of $500,000 for the year ended…

A: Answer:-  Retained earnings meaning:- The amount of profit a business keeps after paying all of its…

Q: - Company P purchased 40% stock in Company S on Jan 1, 20X1 for $200.000. The net income of Company…

A: Under equity method income of the investment is other company is calculated on the basis of the…

Q: FAR5 - Chapter 7: Consolidated Statement of Financial Position Question 1 Dayang Berhad acquired…

A: Consolidation refers to the process of merger or acquisition where one company acquires another…

Q: Poundcake Company owns 10,000 shares (10% of total shares) of Joshua, Inc. Joshua declares and pays…

A: The journal entries are prepared to record the transactions on regular basis. The dividend received…

Q: An investor purchased 505 shares of common stock, $23 par, for $19,190. Subsequently, 106 shares…

A: Calculation of gain / loss in the sale of shares  Investor purchased 505 shares for $19190 at $38…

Q: An investor purchased 498 shares of common stock, $21 par, for $23,406. Subsequently, 112 shares…

A: Purchase cost of 1 share = $23,406 / 498 shares = $47   Gain (Loss) on 1 share = $29 - $47  = ($18)

Q: operanion anfered Oweng BOCT quity. Victory's articles of incorporation authorized the iaue of…

A:

Q: A portion of the combined statement of income and retained earnings of Blue Inc. for the current…

A: Earnings per share refer to the earnings attributable to each common share of the company.

Q: Question Armadillo Enterprises acquired the following equity investmentsat the beginning of year 1…

A: Since you have asked a question with multiple subparts, we will solve the first three subparts for…

Q: The Retained earnings account for Nathan Corporation had a credit balance of $800,000 at the end of…

A: Statement of retained earnings :— It is one of the type of financial statement that shows total…

Q: Given the following information regarding New Nike Lad for the year to 31 December 2022 as shown…

A: Operating profit for the year: £17,325 Less: Corporate tax charge: £4,000,000 Net profit before…

Q: 1. The cost method of accounting for stock investments is used when the company acquires a. Greater…

A: The different accounting methods are used when the company acquires its own assets are: Cost method,…

Q: answer must be in table format or i will give down vote

A: Table for Calculating Earnings Per ShareDescription AmountNet Income $13,670,000Less: Dividends on…

Q: stock dividend when the market price of the share was P250 On December 31, 1,2020 for P6,600,000. On…

A: Per Share=Value of issue of shareOrdinary shares+Stock dividend=P 6,600,00040,000+40,000×10%=P 150

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.